Direct Transactions definition
Direct Transactions means foreign exchange transactions, other than Indirect Transactions, between Prime Broker and a Client that are subject to the terms and conditions of the applicable Master Agreement.
Examples of Direct Transactions in a sentence
Until IDT Transfers to the BP Parties such Performance Assurance, neither BP Party shall be required to enter into any new Direct Transactions or Credit-Enabled Transactions.
In determining the UMA Final Settlement Amount, (A) the non-terminating Party shall be deemed to be the Non-defaulting Party, and (B) the calculating Party shall include in the calculation of the UMA Final Settlement Amount only those Direct Transactions or Credit-Enabled Transactions that will be terminated on the date of Early Termination pursuant to Article 15.
Within the times and in the manner prescribed by law, ERSD has filed all governmental tax returns required by law and has paid all taxes, assessments and penalties due and payable.