Package Transaction definition

Package Transaction means a transaction involving two or more instruments:

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components.

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a Swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components. No Swaps are prohibited from being executed on the SEF as part of a Package Transaction. The categories of Package Transactions currently executed on the SEF are: (i) MAT/MAT Cleared Package Transactions; (ii) MAT/Non-MAT Cleared Package Transactions; and (iii) MAT/Non-MAT Uncleared Package Transactions. The categories of Package Transactions currently facilitated by the SEF are: (i) MAT/Non-Swap Instruments Package Transactions (MAT/Bonds only); (ii) US Dollar Swap Spreads; and (iii) MAT/Futures Package Transactions (MAT/Eurodollar Futures only). Such facilitation is done by the SEF’s providing an execution venue for the Swap legs and reference price information regarding the non-Swap legs. The reference price is made available to Participants for informational purpose only. The SEF does not execute the non-Swap legs of Package Transactions; the counterparties to any Package Transaction involving a non-Swap component must bilaterally execute such non-Swap component away from the SEF.

Examples of Package Transaction in a sentence

• If such error or omission relates to a Block Trade or Permitted Package Transaction, the Participant shall also promptly notify the counterparty to such Block Trade or Permitted Package Transaction upon becoming aware of such error or omission.

• A Package Transaction must be identified to the Clearing House at the time of its presentation in the format prescribed by the Clearing House.

• A Permitted Package Transaction executed on the SEF may be executed by any execution method permitted under Rule 404.

• Swaps Rejected From Clearing (a) To the extent required by Applicable Law (including 37.9(a)(2) (Methods of Execution For Required and Permitted Transactions) and 37.203(a) (Rule Enforcement Program)), any Cleared Swap executed on or pursuant to the Rules of the SEF that is rejected from clearing by the relevant DCO, including any rejected portion of a Package Transaction, shall be deemed void ab initio.

• RULE 531.C. Covered Package Transactions Two Participants may arrange bilaterally a Covered Package Transaction subject to BSEF Rules outside the SEF Platform; provided, however, that each component of such Covered Package Transaction that is a Required Transaction must be executed on the SEF Platform.

More Definitions of Package Transaction

Package Transaction means: (a) an exchange for physical; or (b) a transaction involving the execution of two or more component transactions in financial instruments and which fulfils all of the following criteria:

Package Transaction means either of the following:

Package Transaction means a transaction involving two or more Swaps:

Package Transaction means a transaction involving two or more Contracts or other instruments:

Package Transaction means a transaction in which —

Package Transaction means a Transaction which involves the execution of two or more component Transactions which is executed between two or more Counterparties, where the execution of each component is simultaneous and contingent upon the execution of other components;

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components. No Swaps are prohibited from being executed on the SEF as part of a Package Transaction. The categories of Package Transactions currently executed on the SEF are: (i) MAT/MAT Cleared Package Transactions; (ii) MAT/Non-MAT Cleared Package Transactions; and (iii) MAT/Non-MAT Uncleared Package Transactions. The categories of Package Transactions currently facilitated by the SEF are: (i) MAT/Non-Swap Instruments Package Transactions (MAT/Bonds only); (ii) USDollar Swap Spreads; and (iii) MAT/Futures Package Transactions (MAT/Eurodollar Futures only).