Examples of Offsetting Transaction in a sentence
Such a transaction is also referred to as an "Offsetting Transaction".
The Investment Manager shall not enter into any Bullion Direct Transaction, Designated Transaction or ETS Transaction or any Bullion Offsetting Transaction on behalf of the Fund which results in the Bullion NOP exceeding or further exceeding the Bullion NOP Limit.
Immediately after entering into a Specified Counterparty Transaction with a Counterparty, the Agent and the Bank shall be deemed to have automatically entered into an offsetting transaction being either an FX Transaction or Option Transaction corresponding to the Accepted Transaction (each, an “Offsetting Transaction”) whereby the Bank’s currency exposure under each Accepted Transaction is completely eliminated by the Offsetting Transaction.
The Bank will promptly confirm the terms of each Offsetting Transaction which shall be subject to the terms of the Master Agreement provided, however, that notwithstanding anything to the contrary in the Master Agreement, the Agent hereby unconditionally consents and agrees to its obligations under each Offsetting Transaction.
Clearing-Brokering Contracts and all the Clearing-undertaken Positions; except in cases where X is authorized to effect the exercise of any option, any Offsetting Transaction made at X's bid or offer or any Final Settlement pursuant to the preceding paragraph.