Failed Trades definition

Failed Trades means a Non-failing Party’s trade is not settled on settlement date due to the counterparty defaulting on their settlement obligation, where the JSE Settlement Authority is unable to enter into a Securities Lending and Borrowing transaction.
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Examples of Failed Trades in a sentence

  • If any Failed Trades are outstanding in relation to the relevant Trust Assets, no action will be taken in respect of any Corporate Action unless each party to such Failed Trade gives its written consent to the proposed Corporate Action and waives any right of action against the Company and the Company Released Parties arising out of, in connection with or as a result of the carrying out of the Instructions.

  • The purpose of this letter (“Agreement”) is to set forth the terms and conditions of securities borrowing and lending transaction (each, a “Loan”) entered or to be entered into between CIMB as the lender and me/us (the “Borrower”) for the purposes of settlement of Potential Failed Trades.

  • Daily Trade Blotter ___ ___ $ per month Failed Trades Report ___ ___ $ per month Trade Date Inventory Report ___ ___ $ per month Trade Date P&L Report ___ ___ $ per month Daily Funding Report ___ ___ $ per month Broker understands that CCS will not be reviewing any of the exception reports and/or systems for any purpose and that Broker is responsible for using these systems and reports to help comply with Broker’s statutory and regulatory responsibilities.

  • The purpose of this letter (“Agreement”) is to set forth the terms and conditions of securities borrowing and lending transaction (each, a “Loan”) entered or to be entered into between CGS-CIMB as the lender and me/us (the “Borrower”) for the purposes of settlement of Potential Failed Trades.