Examples of Back-to-Back Transaction in a sentence
If the Bank bears even partial market risk in relation to a Transaction, such Transaction is not a Back-to-Back Transaction.
In either case, if Introducing Firm has transmitted any Transaction to Wexford other than a Back-to-Back Transaction, Introducing Firm shall pay to Wexford the applicable fees set forth in Schedule A, and, as set forth in Section 5.A., Introducing Firm shall reimburse Wexford for all Introducing Firm Failure Costs.
Subject to the exception established in Section 2.A. (i), any Transaction that does not meet the definition of a Back-to-Back Transaction may be rejected by Refco, and Refco shall not, unless the Transaction is subsequently accepted by Refco, be principal to the counterparty nor carry the position on its books.
Settlement Delay – Settlement of sale or purchase of Bonds may not occur on the trade date or may not occur at all should the Counterparty with which CGM transacts under a Back-to-Back Transaction default or otherwise fail to satisfy its obligations.
Subject to the exception established in Section 2.A.(i), any Transaction that does not meet the definition of a Back-to-Back Transaction may be rejected by, Wexford, and Wexford shall not, unless the Transaction is subsequently accepted by Wexford, be principal to the counterparty nor carry the position on its books.