Define: Foreign Exchange Transaction

How is Foreign Exchange Transaction defined in a legal contract?

• Foreign Exchange Transaction means the act of buying one currency while selling another on a spot basis. Seen in 5 SEC filings
• Foreign Exchange Transaction means a Spot Transaction, Forward Transaction or Foreign Exchange Swap. Seen in 4 SEC filings
• Foreign Exchange Transaction means actions engaging in the purchase and sale of foreign exchange, or actions of borrowing, giving credits, accepting or providing foreign exchange in any manner whatsoever. It also includes granting approval for the foreign exchange by [an organization]. Seen in 4 SEC filings
• Foreign Exchange Transaction means an arrangement where one party agrees to deliver a specific amount of a certain currency or unit of account in exchange for the other party's agreement to deliver another quantity of a different currency or unit of account either immediately or at a future date. Seen in 4 SEC filings
• Foreign Exchange Transaction means a transaction involving foreign exchange (FX), irrespective of whether it falls under the definition of ""leveraged foreign exchange trading"" as defined under [a schedule] of [the Securities and Futures Ordinance (SFO)]. Seen in 2 SEC filings
• Foreign Exchange Transaction means any transaction where a currency is exchanged, converted or traded for another or where negotiable bills are drawn in one country to be paid in another. Seen in 2 SEC filings
• Foreign Exchange Transaction means an over-the-counter Call Option or Put Option for the purchase of a specific amount in one currency against the sale to the other party of an agreed amount in another currency. Seen in 2 SEC filings
• Foreign Exchange Transaction or “FX Contract” means a contract for the exchange of one currency for another at an agreed exchange rate on an agreed date. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of foreign exchange transaction' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Foreign Exchange Transaction means the act of trading one currency for another following specified terms.

Relevant Contract Types

• Foreign Exchange Swap Agreement
• Currency Option Contract
• Spot Transaction Agreement

Relevant Circumstances

• International business transactions requiring exchange of currency
• Settlement of financial obligations in foreign currency
• Currency risk hedging
• International investments

Relevant Sectors

• Finance
• International Trade
• Banking
• Investments

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Genie Definition 2

• Foreign Exchange Transaction (FX Contract) means an agreed exchange of specific currencies at a definite rate and date.

Relevant Contract Types

• Currency Forward Contract
• Future Transaction Agreement
• Currency Swap Agreement

Relevant Circumstances

• Sustainability of exchange rates
• International trade and investments
• Mitigating losses caused by fluctuating foreign exchange rates

Relevant Sectors

• Finance
• Banking
• Investments
• Import and Export Trade

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