Yen contract - Enyakkaan

Japanese: 円約款 - えんやっかん

… In Japan, gold coin clauses are recognized under Article 402, paragraphs 1 and 2 of the Civil Code, but it is understood that the gold coins in such cases must be currency. In addition to such gold coin clauses, there are also dollar clauses in international transactions in which the debtor promises to pay a currency other than the US dollar in a contract denominated in a currency other than the US dollar, which is equivalent to the value of the currency converted at the exchange rate between the currency and the US dollar at a specific time, and yen clauses in which the same purpose is to stipulate a guarantee of the value of the yen in transactions denominated in a currency other than the yen. [Kasai Hiroyuki] …

From [Dollar Close]

…Dollar closes are often specified in long-term loans, securities investments, trade settlements, etc. Similarly, when the value of a contract denominated in a currency other than the yen is guaranteed in yen, it is called a yen close. In addition, in a payment agreement between two countries, a clause that allows the settlement amount to be converted into US dollars if necessary is also called a dollar close. …

*Some of the terminology explanations that refer to the "Yen Terms and Conditions" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…　日本においては民法402条1項，2項において金貨約款を認めているが，その場合の金貨は通貨であることを要すると解される。なお，こうした金約款のほか，国際取引において米ドル以外の通貨建ての契約で，その通貨と米ドルの間の特定時点における為替相場で換算した米ドルの価値に等しい当該通貨を債務者が支払うことを約するドル約款，あるいは円以外の通貨建取引で，同じ趣旨で円の価値保証を規定する円約款などがある。【河西宏之】。…

【ドル･クローズ】より

…とくに長期貸付け，証券投資，貿易決済などにおいて，ドル･クローズが規定されることが多い。同じく円以外の通貨建ての契約の場合の価値保証を円で行うことを，円クローズ(円約款)という。　そのほか2国間の支払協定において，必要がある場合その決済じりを米ドルに交換できるように定めた条項のことを，ドル･クローズと呼ぶこともある。…

※「円約款」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典第２版について | 情報

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