contra transaction definition
contra transaction means a transaction where a Participating Organisation allows its cClient to settle outstanding purchase positions against outstanding sale positions of the same securities where the orders in respect of the purchase and sale transactions are transacted within the period stipulated by the FDSS.
contra transaction means a transaction where a Participating Organisation allows the Participating Organisation’s Client to settle outstanding purchase positions against outstanding sale positions of the same Securities if the orders for the purchase and sale transactions are transacted within the period stipulated in Rule 905.1(3) or in Rule 708.3(5) .