unsettled transaction definition

unsettled transaction means transactions settled through a delivery versus payment (DvP) system, which provides for simultaneous exchange of receivables among counterparties in a transaction. If such a transaction is not settled by the contractual settlement date, the bank is exposed to the risk of loss on the difference between the contractual value of the transaction and the current market value of the transaction which may arise upon its maturity;
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unsettled transaction means a transaction that is successfully processed electronically but has not been credited to an intended beneficiary’s bank account;
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Related to unsettled transaction

  • Bundled transaction means the purchase of 2 or more distinct and identifiable products, except real property and services to real property, where the products are sold for a single nonitemized price. A bundled transaction does not include the sale of any products in which the sales price varies, or is negotiable, based on the selection by the purchaser of the products included in the transaction. As used in this subdivision:

  • Failed Transactions is the set of all requests within Total Transaction Attempts that return an Error Code.

  • Covered Transaction means a transaction that uses any funds under this award and that is a contract, memorandum of understanding, cooperative agreement, grant, loan, or loan guarantee.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).