Valid Quotation definition
Valid Quotation means a price quotation on a Reference CDS, provided that if any such price quotation obtained by or on behalf of the Valuing Party is less than 2.00 per cent. of the Floating Rate Payer Calculation Amount for such Reference CDS, “Valid Quotation” shall mean a spread quotation on a Reference CDS;
Valid Quotation means a BSE ATE quotation, the terms of which are agreed to by Customer pursuant to a purchase order, as accepted by BSE ATE via an Order Acknowledgment.