Package Transaction definition

Package Transaction means a transaction involving two or more instruments:

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components.

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a Swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components. No Swaps are prohibited from being executed on the SEF as part of a Package Transaction. The categories of Package Transactions currently executed on the SEF are: (i) MAT/MAT Cleared Package Transactions; (ii) MAT/Non-MAT Cleared Package Transactions; and (iii) MAT/Non-MAT Uncleared Package Transactions. The categories of Package Transactions currently facilitated by the SEF are: (i) MAT/Non-Swap Instruments Package Transactions (MAT/Bonds only); (ii) US Dollar Swap Spreads; and (iii) MAT/Futures Package Transactions (MAT/Eurodollar Futures only). Such facilitation is done by the SEF’s providing an execution venue for the Swap legs and reference price information regarding the non-Swap legs. The reference price is made available to Participants for informational purpose only. The SEF does not execute the non-Swap legs of Package Transactions; the counterparties to any Package Transaction involving a non-Swap component must bilaterally execute such non-Swap component away from the SEF.

Examples of Package Transaction in a sentence

• A Package Transaction must be identified to the Clearing House at the time of its presentation in the format prescribed by the Clearing House.

• A Package Transaction (Order Book Exempt) may be executed through the SEF’s Order Book provided an Order Book is available.

• Rule 4003.A. Execution of Transactions (a) No Person shall execute a Required Transaction subject to the SEF’s jurisdiction other than via the Order Book unless such Transaction is a Block Trade, Package Transaction (Order Book Exempt) or an End-User Exempt Transaction.

• The acceptance of a Transaction forclearing shall not relieve any Participant, Client or Customer of the duty to act in good faith and with reasonable care and diligence.(d) If a Transaction in a Cleared Swap (including a Transaction that is a component leg of a Package Transaction) is rejected by the DCO or a third party acting on behalf of the DCO, such Transaction is void ab initio and shall be cancelled by the SEF.

• In respect of a Package Transaction comprising ForexClear Transactions that are not executed on any US Trading Venue, the Clearing House will send a Notification to the relevant ForexClear Clearing Member(s) for the acceptance of each such constituent ForexClear Transaction.

More Definitions of Package Transaction

Package Transaction means: (a) an exchange for physical; or (b) a transaction involving the execution of two or more component transactions in financial instruments and which fulfils all of the following criteria:

Package Transaction means a transaction involving two or more Swaps:

Package Transaction means either of the following:

Package Transaction means a transaction involving two or more Contracts or other instruments:

Package Transaction means a transaction in which —

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components. No Swaps are prohibited from being executed on the SEF as part of a Package Transaction. The categories of Package Transactions currently executed on the SEF are: (i) MAT/MAT Cleared Package Transactions; (ii) MAT/Non-MAT Cleared Package Transactions; and (iii) MAT/Non-MAT Uncleared Package Transactions. The categories of Package Transactions currently facilitated by the SEF are: (i) MAT/Non-Swap Instruments Package Transactions (MAT/Bonds only); (ii) USDollar Swap Spreads; and (iii) MAT/Futures Package Transactions (MAT/Eurodollar Futures only).

Package Transaction means […]