Offsetting Transaction has the meaning set forth in Section 5(a).
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency , each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.
Examples of Offsetting Transaction in a sentence
If the SEF is able to identify and determine how to correct the error or omission, it may execute the Offsetting Transaction and the corresponding Correcting Transaction without obtaining the consent of the counterparties.
If the SEF is unable to determine how to correct the error or omission, the SEF may either (x) seek guidance from the counterparties to the Transaction and, if applicable, their agents and/or Clearing Firms, after which the SEF may then correct the error by executing an Offsetting Transaction and corresponding Correcting Transaction with the consent of both counterparties, or (y) elect not to correct the error, in which case the original Transaction shall stand as executed.
More Definitions of Offsetting Transaction
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into such FX Transaction.
Offsetting Transaction has the meaning assigned to such term in the Collateral and Intercreditor Agreement.
Offsetting Transaction means transaction held by the Exchange Member before the contract due date by holding a transaction contradicting with open position owned for the same type of securities future index contract.
Offsetting Transaction means, in respect of the Second Hedging Transaction, a Hedging Transaction which (a) has been entered into with a Hedge Counterparty which has acceded to the STID and the Common Terms Agreement; (b) is governed by a Hedging Agreement; and (c) where Elenia or the Issuer (as applicable) receives amounts under the First Hedging Transaction on a particular basis, it pays such amounts on such basis under the Second Hedging Transaction and vice versa (whether the notional amount or corresponding currency amount is equal to, or less than, the notional amount or corresponding currency amount of the other Hedging Transaction). For the avoidance of doubt in the event that Elenia or the Issuer (as applicable) enters into an Offsetting Transaction with a Hedge Counterparty, the parties to the Hedging Agreement may document the arrangement as either two separate Hedging Transactions or a single Combined Swap Transaction the effect of which is as if there had been two separate Hedging Transactions.
Offsetting Transaction means any two or more Transactions in respect of the same Product having the same or overlapping Delivery Period (as specified in the Transaction), Delivery Location and payment date, where under one or more of such Transactions, one Party is Seller and under one or more of such other Transactions the same Party is Buyer.
Offsetting Transaction means an interest rate swap transaction under a Senior Secured IR Hedge Agreement that offsets another interest rate swap transaction entered into under the same Senior Secured IR Hedge Agreement.