Offsetting Transaction definition
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.