Closing Purchase Transaction definition

Closing Purchase Transaction. – means an Exchange Transaction the result of which is to reduce or eliminate a Short Position in the Series of Options involved in such transaction.
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Closing Purchase Transaction means the purchase of an exchange-traded call options, the effect of which is to reduce or eliminate the obligations of a call option writer with respect to an option contract or contracts. "Escrow Receipt" means an escrow receipt used with respect to escrowed stock held on deposit by a bank orother custodian approved by a registered national securities exchange.
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Closing Purchase Transaction means the purchase of an exchange-traded call options, the effect of which is to reduce or eliminate the obligations of a call option writer with respect to an option contract or contracts.
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Examples of Closing Purchase Transaction in a sentence

  • In addition, Jewkes (2011) suggests that once a story has reached the required threshold to make the news, it may then have to meet further criteria to stay in the news agenda, such as increased drama and risk and novel and bizarre angles being added to the story.

  • In the event any Short Position for which a Depository Receipt has been deposited is closed out by a Closing Purchase Transaction or by a Closing Buy Transaction, as the case may be, the Clearing Member making such Deposit may promptly request the withdrawal of the Depository Receipt evidencing such Deposit.

  • Revisions to accounting estimates are recognized in the period in which estimate is revised and in any future periods affected.

  • Upon the Custodian's payment of the premium and the return and/or cancellation of any receipt issued pursuant to paragraphs 6, 8 or 10 of this Article with respect to the Option being liquidated through the Closing Purchase Transaction, the Custodian shall remove, or direct the Depository to remove, the previously imposed restrictions on the Securities underlying the Call Option.

  • For example, an adjustment designed to change the original Opening Buy Transaction (or Opening Purchase Transaction) to a Closing Buy Transaction (or Closing Purchase Transaction) will result in a decrease in the Long Position and in the Short Position in the Series of Futures (or Series of Options) involved equal to the volume of the original Transaction.

  • Section B-116 Closing Purchase Transactions A Clearing Member responsible for a Closing Purchase Transaction agrees that, upon the Corporation’s acceptance of such transaction, the Corporation shall reduce or eliminate the Clearing Member’s Short Position and, when Paragraph (2)(a) of Section B-108 is applicable, it shall create a Long Position in the account through which the transaction was effected by the number of Options involved.

  • Recognizing that the production of COVID-19 vaccines has provided the greatest hope to conquer the pandemic and that COVID-19 extensive immunization is a global public good, we regret the glaring inequity in access to vaccines, diagnostics and therapeutics, especially for the world’s poorest and most vulnerable populations.

  • Amended 4/91, 02/06 Section B--116 Closing Purchase Transactions A Clearing Member responsible for a Closing Purchase Transaction agrees that, upon the Corporation’s acceptance of such transaction, the Corporation shall reduce or eliminate the Clearing Member’s Short Position and, when paragraphParagraph (2)(a) of Section B-108 is applicable, it shall create a Long Position in the account through which the transaction was effected by the number of Options involved.

  • New Rule 02/06Section B-105 Obligation of Purchasing Clearing Member The Clearing Member responsible for an Exchange Transaction which is either an Opening or Closing Purchase Transaction shall be obligated to pay the Corporation the amount of the premium agreed upon in such Exchange Transaction.

  • Amended 4/91, 02/06 Section B-116 Closing Purchase Transactions A Clearing Member responsible for a Closing Purchase Transaction agrees that, upon the Corporation’s acceptance of such transaction, the Corporation shall reduce or eliminate the Clearing Member’s Short Position and, when subsection (2)(a) of Section B-108 is applicable, it shall create a Long Position in the account through which the transaction was effected by the number of Options involved.


More Definitions of Closing Purchase Transaction

Closing Purchase Transaction means an Exchange Transaction that will reduce or eliminate a short position in an options contract.
Sample 1
Closing Purchase Transaction means the purchase, on an exchange but not otherwise, of an exchange-traded call option or options, the effect of which is to reduce or terminate the obligations of a call option seller with respect to an identical option or options.
Sample 1

Related to Closing Purchase Transaction

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • Debt Purchase Transaction means, in relation to a person, a transaction where such person:

  • repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities and a reverse repurchase agreement for the counterparty buying them;

  • Second Closing has the meaning set forth in Section 2.2.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Purchase and Sale Agreement means the Purchase and Sale Agreement, dated as of the Closing Date, among the Servicer, the Originators and the Borrower, as such agreement may be amended, supplemented or otherwise modified from time to time.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Sale and Purchase Agreement means the sale and purchase agreement entered into or to be entered into on the date of this Agreement between the Investor and the Company in the agreed form;

  • Equity Line Transaction Documents means this Agreement and the Registration Rights Agreement.

  • Acquisition Closing Date means the “Closing Date” under and as defined in the Acquisition Agreement.

  • M&A Transaction means (i) the consolidation of the Company with, or a merger with or into, any third party, following which the Company’s stockholders immediately prior to such transaction, will own less than 50.1% of the surviving entity or the Company, as applicable, immediately following such transaction, or (ii) an acquisition or other transfer of all or substantially all of the Company’s securities or assets.

  • Online Transaction means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.