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 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.

Examples of Offsetting Transaction in a sentence

• If the SEF is unable to determine how to correct the error or omission, the SEF may either (x) seek guidance from the counterparties to the Transaction and, if applicable, their agents and/or Clearing Firms, after which the SEF may then correct the error by executing an Offsetting Transaction and corresponding Correcting Transaction with the consent of both counterparties, or (y) elect not to correct the error, in which case the original Transaction shall stand as executed.

• If the SEF is able to identify and determine how to correct the error or omission, it may execute the Offsetting Transaction and the corresponding Correcting Transaction without obtaining the consent of the counterparties.

• Delivery and payment obligations under such Offsetting Transaction Arrangements are to be dealt with on the same basis as delivery and payment obligations under other Cash CCP Transactions and be subject to set-off against those obligations.

• Accordingly, the OPIC Guarantee collateralizes each qualifying Client Transaction as well as its corresponding Offsetting Transaction.

• In turn, MFX assigns its right to payment under the OPIC Guarantee for each qualifying Client Transaction to the Bank Counterparty on the corresponding Offsetting Transaction, in effect ensuring that any payments made by OPIC under the OPIC Guarantee go not to MFX but instead to the Bank Counterparty.

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 has the meaning given to it in paragraph 10 of schedule 7 (Borrower Hedging Policy) to the Common Terms 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 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 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.

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.