Offsetting Transaction definition

Offsetting Transaction has the meaning set forth in Section 5(a).
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency , each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into the FX Transaction.

Examples of Offsetting Transaction in a sentence

  • Such a transaction is also referred to as an "Offsetting Transaction".

  • In the event that the Agent fails to exercise such Option on behalf of the Bank, the Agent shall not deliver a Notice of Exercise to the Bank in respect of the corresponding Offsetting Transaction and notwithstanding the terms of such Offsetting Transaction, including any such terms relating to automatic exercise, such rights under the Offsetting Transaction shall be deemed to have expired unexercised.

  • 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.

  • Clearing-Brokering Contracts or Clearing-undertaken Position set out in sub-paragraph (1) of paragraph 2 of the preceding Article, X may, at X's discretion and for Y's own account, effect the exercise of any option, any Offsetting Transaction made at X's bid or offer or any Final Settlement in order to settle any outstanding Securities, etc.


More Definitions of Offsetting Transaction

Offsetting Transaction has the meaning set out in clause 5.1 (a).
Offsetting Transaction has the meaning assigned to such term in the Collateral and Intercreditor Agreement.
Offsetting Transaction means, in respect of the Second Hedging Transaction, a Hedging Transaction which (a) has been entered into with a Hedge Counterparty which has acceded to the STID and the Common Terms Agreement; (b) is governed by a Hedging Agreement; and (c) where Elenia receives amounts under the First Hedging Transaction on a particular basis, it pays such amounts on such basis under the Second Hedging Transaction and vice versa (whether the notional amount or corresponding currency amount is equal to, or less than, the notional amount or corresponding currency amount of the other Hedging Transaction). For the avoidance of doubt in the event that Elenia enters into an Offsetting Transaction with a Hedge Counterparty, the parties to the Hedging Agreement may document the arrangement as either two separate Hedging Transactions or a single Combined Swap Transaction the effect of which is as if there had been two separate Hedging Transactions.
Offsetting Transaction means a FX Transaction to purchase a Foreign Currency and a FX Transaction to sell the same Foreign Currency, each with the same Settlement Date and designated as an Offsetting Transaction at the time of entering into such FX Transaction.
Offsetting Transaction means a transaction wherein a reversal of a hedging transaction is effected for the purpose of closure thereof.
Offsetting Transaction means, in respect of the Second Hedging Transaction, a Borrower Hedging Transaction which: (a) has been entered into with a Borrower Hedge Counterparty which has acceded to the Borrower STID and the Common Terms Agreement; (b) is governed by a Borrower Hedging Agreement; and (c) where the relevant Borrower receives amounts under the First Hedging Transaction on the basis of a particular rate, currency or underlying asset, it (or another relevant Borrower) pays such amounts on such basis under the Second Hedging Transaction and vice versa (whether the notional amount or corresponding currency amount is equal to, or less than, the notional amount or corresponding currency amount of the other Borrower Hedging Transaction). For the avoidance of doubt, in the event that a Borrower enters into an Offsetting Transaction with a Borrower Hedge Counterparty, the parties to the Borrower Hedging Agreement may document the arrangement as either two separate Borrower Hedging Transactions or a single combined Borrower Hedging Transaction, the effect of which is as if there had been two separate Borrower Hedging Transactions.
Offsetting Transaction means in relation to any Transaction under the FSAM Master Agreement outstanding at the time of a DCL Novation, a corresponding transaction between DCL and a Successor Swap Entity, having substantially identical terms to such Transaction, with DCL in the position of Party A and the Successor Swap Entity in the position of Party B, where the obligations of the Successor Swap Entity and DCL shall be subject to the terms of the ISDA Master Agreement between DCL and FSAM on the date of such DCL Novation, including without limitation the Nonpetition and Limited Recourse provisions set forth in Section 1.9 below.