Pairoff definition

Pairoff means a transaction in securities markets where off-setting buy and sell trades are settled in cash, based on the difference in the prices between the off-setting trades. No securities trade hands; instead the settlement difference between the trades is calculated, and a money wire is sent to the appropriate party.
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Examples of Pairoff in a sentence

  • Flat/Even Repo Pairoff (collateral quantity same) - simultaneous maturity of an existing repo transaction and an opening of a new one with the same quantity of the same collateral – only the cash (interest) is settled on the original repo.

  • If the calculation results in a negative amount, Redwood shall make the Pair-off Payment to Barclays.

  • The Service Center will compute any Pairoff Fees (defined in the Guides) that are owed to the Pittsburgh Bank and will report these amounts to the Pittsburgh Bank.

  • The Service Center shall compute any Pairoff Fees that are owed to the Boston Bank by any PFI and will report these amounts to the Boston Bank.

  • The MPF Provider shall calculate the amount of any Pairoff Fee in accordance with the Origination Guide, which amount shall be payable by the PFI to the Bank as provided in the Origination Guide.

  • In no event shall the Bank be obligated to pay a Pairoff Fee to the PFI.

  • If the calculation results in a negative amount, Redwood shall make the Pair-off Payment to RBS.

  • The Pittsburgh Bank shall be responsible for collecting Pairoff Fees from its PFIs.

  • The Boston Bank shall be responsible for collecting Pairoff Fees from its PFIs and disbursing the same to itself and its participants (including the MPF Provider), as applicable.

  • The PFI’s failure to meet its commitment to deliver mortgages in an amount equal to, and prior to the expiration of, a Delivery Commitment may result in the assessment of a Pairoff Fee.

Related to Pairoff

  • PAIA means the Promotion of Access to Information Act 2 of 2000;

  • Growler means any fillable, sealable container complying with federal law.

  • Sproule means Sproule Associates Limited;

  • CSAM or "Credit Suisse" (or any combination thereof).

  • Qard means a contract of lending money whereby the borrower is obliged to repay the equivalent amount to lender.