intra-group transaction definition

intra-group transaction means any transaction by which an insurance or reinsurance undertaking relies, either directly or indirectly, on other undertakings within the same group or on any natural or legal person linked to the undertakings within that group by close links, for the fulfilment of an obligation, whether or not contractual, and whether or not for payment;
intra-group transaction means a transaction in money market instruments concluded by a reporting agent with another under­ taking which is included in the same consolidated financial statement on a full basis. The undertakings that are parties to the transaction are considered to be included in the ‘same consoli­ dation’ on a full basis when they are both either:
intra-group transaction. ’ means any arrangement or agreement in terms of which an insurer, directly or indirectly, relies on another person that is part of that insurer’s insurance group or a related or inter-related person of the aforementioned person, for the fulfilment of an obligation;

More Definitions of intra-group transaction

intra-group transaction means any transaction—
intra-group transaction means any transaction between parties that are members of the same group at the time that the transaction is effected and that the associated revenues and expenses of that transaction fall to be recognised;
intra-group transaction means a transaction between or among TGH and/or any of its wholly owned subsidiaries;
intra-group transaction. ’ means any arrangement or agreement in terms of which an insurer, directly or indirectly, relies on another person that is part of that insurer’s insurance group or a related or inter-related person of the aforementioned person, for the fulfilment of an obligation; ‘‘joint arrangement’’ has the meaning set out in the International Financial Reporting Standards issued by the International Accounting Standards Board or a successor body;
intra-group transaction means any transaction by which an authorised insurance undertaking, an authorised reinsurance undertaking, a European insurance undertaking or a European reinsurance undertaking, relies, either directly or indirectly, on other undertakings within the same group or on any natural or legal person linked to the undertakings within the same group by close links, for the fulfilment of an obligation, whether or not contractual, and whether or not for payment;
intra-group transaction means a transaction in terms of which any asset is disposed of by one company which is a resident (hereinafter referred to as
intra-group transaction means any transaction by which a group undertaking relies, either directly or indirectly, on —