MSF Transaction definition
MSF Transaction means the sale and purchase of the MSF Eligible Securities which is affected on the MSF System and where both the MSF Transaction Cost Price and the Profit are disclosed by the MSF Seller. Provided that such transaction should be recorded by MSF Seller within ten Business Days from the Settlement Date of Ready Delivery Contract or Ready Market Contract purchase. After expiry of ten Business Days, such transaction may be recorded subject to the valid reason/justification provided by the MSF Seller, as acceptable to the Company.
MSF Transaction means the sale and purchase of the MSF Eligible Securities which is effected on the MSF System and where both the MSF Transaction Cost Price and the Profit are disclosed by the MSF Seller. Provided that such transaction should be recorded by MSF Seller within ten Business Days from the Settlement Date of Ready Delivery Contract or Ready Market Contract purchase. After expiry of ten Business Days, such transaction may be recorded subject to the valid reason/justification provided by the MSF Seller, as acceptable to the Company.
Examples of MSF Transaction in a sentence
Non-Broker MSF Seller, within the Designated Time Schedule, will intimate through MSF System its intention by confirming such purchases to enter into MSF Transaction on future date including Settlement Date after assuming ownership of the purchased securities as per the terms covered in MMA.