opposite contract definition
opposite contract means a contract on the same terms (except as to price or premium), as the Contract to be invoiced back in accordance with this Regulation, but:
opposite contract means a contract on the same terms (except as to price or premium), as the Contract to be invoiced back in accordance with this SC Regulation, but where a Sponsored Member is a seller, in respect of the RepoClear Contract to be invoiced back, such Sponsored Member shall be a buyer in respect of the opposite contract and vice versa.
opposite contract means a Contract on the same terms, except as to price, as the Contract to be offset in accordance with this Regulation 109(c), but where a Clearing Member has position “X” in respect of a Contract to be offset (where such Contract consists of positions “X” and “Y”), such Clearing Member shall have position “Y” in respect of the opposite contract and vice versa.
More Definitions of opposite contract
opposite contract means an FCM Contract on the same terms (except as to price), as the FCM Contract to be invoiced back in accordance with this FCM Regulation 13, but where an FCM Clearing Member has position “X” in respect of an FCM Contract to be invoiced back (where such FCM Contract consists of positions “X” and “Y”), such FCM Clearing Member shall have position “Y” in respect of the opposite contract and vice versa.
opposite contract means, in respect of any Contract ("principal Contract"), a Contract which has an opposite position to the principal Contract for (i) an amount of currency bought equal to the amount of currency sold under the principal Contract or (ii) an amount of currency sold equal to the amount of currency bought under the principal Contract.
opposite contract means an FCM SwapClear Contract on the same terms (except as to price), as the FCM SwapClear Contract to be invoiced back in accordance with this FCM Regulation, 15, but where an FCM Clearing Member is a floating rate payer, in respect of an FCM SwapClear Contract to be invoiced back, such FCM Clearing Member shall be a fixed rate payer in respect of the opposite contract and vice versa.