First FX Transaction definition

First FX Transaction means collectively the series of FX transactions conducted by Julius Baer for Yukos Capital between 11 and 13 August 2010;
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Examples of First FX Transaction in a sentence

  • The funds used for the Second FX Transaction comprised a portion of the funds which had been converted into USD by the First FX Transaction; the sum of approximately USD 68 million was converted to EUR 50,040,473, generating a total commission of USD 1,062,000.

  • The contact report was incorrectly dated 7 August 2010, was filed on JBI’s system on 19 August 2010, and appears to have been drafted after the First FX Transaction took place (see paragraph 4.26 below).

  • As mentioned in paragraph 4.27 above, on 16 August 2010, Ms Whitestone emailed BJB Compliance, Mr Seiler and Mr Raitzin, copying in the JBI Line Manager, providing details of the First FX Transaction.

  • For example, he was present at the meetings on 7 July 2010 at which the key terms of the arrangements were negotiated; he was present in JBI’s offices, when the First FX Transaction took place in August 2010; and he was present at the meeting on 13 October 2010, when further retrocessions and amendments to the terms of the arrangements were discussed.

  • Also on 19 August 2010, a member of BJB’s Business & Operational Risk Division emailed BJB Compliance and stated that their attention had been drawn to the First FX Transaction.

  • The trading approach (which mirrored that adopted in the First FX Transaction and was agreed with Mr Feldman) involved a large daily rate range and Fair Oaks paying just above the worst rate available in the market, so that the spread between that and the rate at which Julius Baer transacted would cover both the commission required by Julius Baer and a further commission payment which would be made to Mr Merinson as Finder.

  • He also questioned the apparent lack of an investment strategy (noting that the Second FX Transaction used a portion of the funds from the First FX Transaction).

  • The Authority has not seen any evidence that either Mr Seiler or Mr Raitzin questioned the commercial rationale of Yukos Capital in agreeing the First FX Transaction or what interest Yukos Capital would have in maximising the commission payable.

  • Mr Feldman’s submission that the high charges for the First FX Transaction reflected BJB’s interest in being remunerated for taking the political risk of having Yukos as a client ignores the fact that 80% of the amount charged was paid to Mr Merinson and shared with Mr Feldman.

  • In addition, the documents disclosed show that senior people in BJB other than Mr Seiler and Mr Raitzin were considering whether Mr Feldman had a conflict of interest in relation to the First FX Transaction.

Related to First FX Transaction

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Transaction means the transactions contemplated by this Agreement.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Transaction Confirmation means a document, similar to the form of Exhibit A, setting forth the terms of a transaction formed pursuant to Section 1 for a particular Delivery Period.

  • Acquisition Transaction Announcement means (i) the announcement of an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding designed to result in an Acquisition Transaction, (iii) the announcement of the intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) any other announcement that in the reasonable judgment of the Calculation Agent may result in an Acquisition Transaction or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention). For the avoidance of doubt, announcements as used in the definition of Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a third party.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.