Reverse EFP Transaction definition

Reverse EFP Transaction means a transaction between us which comprises a Physical Contract which is intended to replace Futures Contracts; and

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Reverse EFP Transaction means a transaction between us and you which comprises a Physical Contract which is intended to replace a Futures Contract;

Reverse EFP Transaction means a transaction between us which comprises a Physical Contract which is intended to replace Futures Contracts.

Examples of Reverse EFP Transaction in a sentence

• We will notify you of the amount of any payment due between us as a result of entering into an EFP Transaction or Reverse EFP Transaction, to whom it is payable and when.

• The existence of an EFP Transaction or Reverse EFP Transaction is conditional on registration of the Futures Contracts (or, as the case may be, contracts effecting close-out) occurring on the date specified in the confirmation relating to the Transaction.

• Subject to the terms of any particular Reverse EFP Transaction, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

• We will notify you of the amount of any payment due between you and us as a result of entering into an EFP Trans­ action or Reverse EFP Transaction, to whom it is payable and when.

• Subject to the terms of any particular Reverse EFP Trans­ action, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

• Subject to the terms of any particular Reverse EFP Transac­ tion, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.

More Definitions of Reverse EFP Transaction

Reverse EFP Transaction means a transaction between us and you which is intended to replace a Futures Transaction with a Physical Transaction.

Reverse EFP Transaction means a transaction between Société Générale and the Client which comprises a Physical Contract which is intended to replace Futures Contracts.