Cleared Transaction definition
Examples of Cleared Transaction in a sentence
Each CSA will be a "Collateral Agreement" and will apply only to Client Transactions in a single Cleared Transaction Set." "Collateral Standard Terms" [will][will not] apply.
For the purposes of determining any Liquidation Amount, the Firm may perform the relevant calculation as if all Transactions were to constitute a single Cleared Transaction Set.
Upon the termination of all Client Transactions in the relevant Cleared Transaction Set to which this Annex applies following a CCP Clearing Member Trigger Event or CCP Default, for the purposes of Section 8(b)(ii)(3)(C) or Section 8(c)(iii)(3) of the Addendum, as applicable, the Value of all collateral transferred from one party to another under this Annex will be equal to the Value of that party's Credit Support Balance at the time of determination.
However, SFL shall be entitled to treat all Transactions other than SFL/DC IC Transactions as if all of those Transactions constituted a single Cleared Transaction Set and the SFL may, in its discretion, aggregate and further net Cleared Transaction Sets to the extent permitted by Applicable Regulations.
However, IFL shall be entitled to treat all Transactions other than IFL/DC IC Transactions as if all of those Transactions constituted a single Cleared Transaction Set and the IFL may, in its discretion, aggregate and further net Cleared Transaction Sets to the extent permitted by Applicable Regulations.
Customer shall pay all expenses, including reasonable fees and disbursements of counsel, in connection with the enforcement, exercise, and protection by Clearing Member of its rights and remedies under this Agreement, including in connection with the termination or liquidation of any Cleared Transaction following, and with respect to any Event of Default specified as a Continuing Event of Default in the Schedule, during the continuance of, an Event of Default.
Cleared Transaction is the cleared derivatives transactions arising upon Registration of a Derivatives Transaction, and butt also could the other party exclude other information about that Termination Event ship the other thing may reasonably require.
If “Lock-Up” is specified as applicable in the Schedule, during the term of a Cleared Transaction, Clearing Member may require Customer to (i) maintain any securities received by Customer pursuant to a Cleared Transaction that is a repurchase transaction in an account maintained at Clearing Member for Customer and (ii) not rehypothecate, sell, or reuse such securities or withdraw the securities from such account.
Notwithstanding anything to the contrary, neither party shall be liable to the other for the performance of a Specified CCP’s obligations in connection with any Cleared Transaction or otherwise.