Offsetting Transaction definition

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 has the meaning set forth in Section 5(a).

Offsetting Transaction has the meaning set out in clause 5.1 (a).

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.

More Definitions of Offsetting Transaction

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, 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 or the Issuer (as applicable) 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 or the Issuer (as applicable) 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 the transaction leg between the clearing member and the CCP when the clearing member acts on behalf of a client (e.g. when a clearing member clears or novates a client’s trade);

Offsetting Transaction means an interest rate swap transaction under a Senior Secured IR Hedge Agreement that offsets another interest rate swap transaction entered into under the same Senior Secured IR Hedge Agreement.

Offsetting Transaction means, in respect of a Valued Transaction and from the perspective of the Notional Investor, a transaction equal but opposite offsetting to such Valued Transaction (or portion thereof in respect of a partial removal of a Notional Swap Transaction from the CDS Portfolio) in respect of the payments or deliveries by the parties to the relevant Valued Transaction to be performed (whether or not contingent) after the date of determination. For the avoidance of doubt, once any such payment or delivery obligation has become payable (such that it is accounted for in the Compounded Amount) it shall not be included for the purposes of determining the Value of a Notional Swap Transaction;

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.