Basis Trade definition

Basis Trade means a privately negotiated transaction consisting of the simultaneous execution of an Interest Rate Derivative against an offsetting equivalent amount of a related underlying cash bond instrument in a quantity that meets a minimum volume threshold;
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Basis Trade means an EFP and is further defined in Rule 416.
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Basis Trade means a transaction whereby a basket of securities or an index participation unit is transacted at a price calculated in the prescribed manner which represents the average accumulation (or distribution) price of the position, subject to an agreed upon basis spread, achieved through the execution of related exchange-traded derivative instruments, which may include listed index futures, index options and index participation units in an amount that will correspond to an equivalent market exposure.
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Examples of Basis Trade in a sentence

  • After the buyer has entered data into the Eurex Clearing System using the Basis Trade Entry Facility, pursuant to section 8.1.1, the seller of futures contracts must enter the following data in order to confirm such Basis Trade: - the OTC transaction reference number; - the Eurex exchange system user identification code of the trader of the seller - the open/close indicator; and - the position account.

  • If the Basis Trade executing Member is not directly responsible for the execution of the cash leg of the Basis Trade, he must have appropriate arrangements in place with the party organising/executing that leg such that the information in (f) - (l) above can be provided promptly to the Exchange.

  • In future, Eurex Clearing AG may include additional contracts in the Basis Trade Facility, or may exclude previously included contracts.

  • Such Members must, therefore, be in a position to supply documentary evidence in connection with a Basis Trade, including, but not limited to, evidence confirming the cash leg of Basis Trades.

  • Such Members may also be required from time to time by the Exchange to request, and copy to it, confirmation of the details of the cash leg of a Basis Trade where another party was responsible for the registration of the cash leg.

  • Participants using the Basis Trade Facility are obliged to provide evidence to Eurex Clearing AG that, for futures contracts cleared on their behalf, there is an underlying, offsetting cash transaction in one of the debt securities defined in accordance with section 10.

  • If the Basis Trade executing Member is not directly responsible for the execution of the cash leg of the Basis Trade, he must have appropriate arrangements in place with the party organising/executing that leg such that the information in (f) - (k) above can be provided promptly to the Exchange.

  • If the Exchange is not satisfied that all such details are valid, it may, in its absolute discretion, void the Basis Trade.

  • In any event, details of the Basis Trade must be reported to the Exchange by the Basis Trade executing member and accepted within fifteen minutes of the time at which the Basis Trade was agreed.

  • Messages impacted: Sprint 3 and 4- Instrument Keys messages: J and JF 7.0 15 February 2018Sola 12 Drop2 changes:- Price Indicator Marker of C/CF/CS/I/IF/IS trade messages updated: e: renamed to Exchange For Physical and s: Basis Trade added + Table of Contents updated 8.0 16 April 2018Sola 12 Drop 3 changes:New value A.


More Definitions of Basis Trade

Basis Trade means a privately negotiated transaction consisting of the simultaneous execution of an Interest Rate Derivative against an offsetting equivalent amount of a related underlying cash bond instrument in a quantity that meets a minimum volume threshold; Deleted: a privately negotiated transaction that isDeleted: EFPDeleted: EFSDeleted: a
Sample 1
Basis Trade means a transaction consisting for one party (“A”) of:
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Related to Basis Trade

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