Settlement Transaction definition
Examples of Settlement Transaction in a sentence
Safekeeping Account Account number Repo closing date Maturity of the agreement Repurchase Rate type Fixed rate or variable rate Accrual Basis To recalculate the interest amount on the collateral Settlement Transaction Type Indicator Defines transaction as repo or reverse repo.
The Receiver will submit each Settlement Transaction, along with supporting documentation, to the Assuming Institution’s settlement designee for approval.
In order to dispute a Settlement Transaction, the Assuming Institution must provide the Receiver a written explanation why the Settlement Transaction is incorrect or objectionable within thirty (30) days of receipt.
Subject to the other terms of this Agreement, the Parties agree to execute and deliver such other instruments and perform such other acts, in addition to the matters herein specified, as may be reasonably appropriate or necessary, from time to time, to effectuate this Agreement, the Settlement Ancillary Documents, or the Settlement Transaction, as applicable.
Subject to the foregoing, for the avoidance of doubt, the Company reserves the right to proceed, on at least 14-days’ notice to EIX (during which time period EIX shall be entitled to file its objection to confirmation and take appropriate discovery), with the NRG Transaction with the Settlement Transaction severed therefrom if the Bankruptcy Court has refused to confirm the Amended Plan of Reorganization with the Settlement Transaction included therein.