Payment leg definition

Payment leg means the part of the settlement procedures which ensures the cash payment in transactions in financial instruments. In transactions at centralised and remote public auctions, payment leg may refer to compensation instruments which constitute the payment instruments in these transactions.
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Payment leg means the payment agreed in an OTC derivative transaction with a linear risk profile which stipulates the exchange of a financial instrument for a payment.
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Payment leg means the payment agreed in an OTC derivative transaction with a linear risk profile which stipulates the exchange of a financial instrument for a payment.In the case of transactions that stipulate the exchange of payment against payment, those two payment legs shall consist of the contractually agreed gross payments, including the notional amount of the transaction.[Note: This rule corresponds to Article 272(26) of the CRR]1.3 For the purposes of Section 9 of this Part, the following definitions apply: (1) bankruptcy remote, in relation to client assets, means that effective arrangements exist which ensure that those assets will not be available to the creditors of a CCP or of a clearing member in theevent of the insolvency of that CCP or clearing member respectively, or that the assets will not be available to the clearing member to cover losses it incurred following the default of a client or clients other than those that provided those assets;(2) CCP-related transaction, means a contract or a transaction listed in Article 301(1) between a client and a clearing member that is directly related to a contract or a transaction listed in that paragraph between that clearing member and a CCP;(3) clearing member, means a clearing member as defined in point (14) of Article 2 of Regulation (EU) No 648/2012;
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Examples of Payment leg in a sentence

  • Payment leg: the payment leg in a transaction with a derivative contract that entails an exchange of a financial instrument for payment, excepting options or other similar instruments.

Related to Payment leg

  • Private Placement Legend means the legend set forth in Section 2.06(g)(1) hereof to be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture.

  • OID Legend means the legend set forth in Section 2.06(g)(3) hereof to be placed on all Notes issued under this Indenture that have more than a de minimis amount of original issue discount for U.S. Federal income tax purposes.

  • Definitive Security means a security other than a Global Security or a temporary Security.

  • Class D Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date.

  • Debt Security or “Debt Securities” has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture.

  • Class A-4 Noteholder means the Person in whose name a Class A-4 Note is registered in the Note Register.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Class X Notional Amount As of any date of determination, the sum of the then Component Notional Amounts of all the Components.

  • DTC Legend means the legend set forth in Exhibit D.

  • Class A-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • Regulation S Legend means the legend set forth in Section 2.06(g)(iii) which is required to be placed on all Regulation S Global Notes issued under this Supplemental Indenture.

  • Class Notional Amount Not applicable.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Global Security Legend means the legend set forth in Section 2.15(c), which is required to be placed on all Global Securities issued under this Indenture.

  • Required Subordinated Percentage of Class D Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Securities Act Legend means a Restricted Securities Legend or a Regulation S Legend.

  • Certificate Notional Amount With respect to any Interest Only Certificate, as of any date of determination, the then notional principal amount on which such Certificate accrues interest, equal to the product of (a) the then Certificate Factor for the Class of Interest Only Certificates to which such Certificate belongs, multiplied by (b) the amount specified on the face of such Certificate as the initial Certificate Notional Amount thereof.

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • Class D Noteholder means the Person in whose name a Class D Note is registered on the Note Register.

  • Notional Amount Certificates As specified in the Preliminary Statement.

  • Registered Noteholder means the Person in whose name a Note is registered on the Note Register on the applicable Record Date.