Examples of Failed Transactions in a sentence
The CCP will apply the Fails Management mechanisms with respect to the unsettled Trades following the end of the DVP settlement period of the Intended Settlement Date (Failed Transactions), that is, with respect to the unsettled Settlement Instructions and the sell Trades held at the CCP, as regulated in the following sections and in the supplementing Circulars.
The obligations arising from Failed Transactions like Buy-in transactions will not be netted.
Consideration of Failed Transactions The sell Trades still held after the end of the designated Release time limit in the CCP on ISD, will be deemed to be Failed Transactions, and they will be governed by the Fails Management mechanisms, including the passing on of costs and the application of the related penalties.
The initial leg transactions of the double transactions whose registration is made on its Intended Settlement Date, nor the obligations derived from Failed Transactions will not be offset.
For Failed Transactions in an Italian security, the Clearing House may compensate cash distributions at 103.56 per cent.