Examples of Pending Transaction in a sentence
For securities in units (e.g. shares); From the seller to the buyer, when trade date is before Ex Date and there is a Pending Transaction at close of business of Record Date; or From the buyer to the seller, when trade date is on or after Ex Date and Actual Settlement Date is on or before Record Date.
The Issuer (I)CSD should communicate the information, and any subsequent information, without undue delay of receipt from the Issuer, to all its participants1 who, at the time of the announcement, have a direct holding or Pending Transaction in the Underlying Security with the Issuer (I)CSD.
The Issuer (I)CSD should communicate the information, and any subsequent information, without undue delay of receipt from the Issuer or the Offeror, as the case may be, to all its participants1 who, at the time of the announcement, have a direct holding or Pending Transaction in the Underlying Security with the Issuer (I)CSD.
For securities in nominal (e.g. bonds): from the seller to the buyer, if the Intended Settlement Date is on or before the Record Date but there is a Pending Transaction at close of business on Record Date.2. Concurring Bilateral Input should allow to determine whether the underlying trade is “ex” or “cum” and the (I)CSD or CCP should take this into account for the creation of a Market Claim, irrespective of the actual Ex Date.
Pending Transaction — A transaction input to IDRS but not yet effective at the Master File account.