OTC derivatives contract definition

OTC derivatives contract shall have the meaning ascribed to it in SFA;
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OTC derivatives contract means a Derivatives Contract which is not an Exchange- Traded Derivatives Contract, as the Bank may from time to time in its absolute discretion determine to accept as an “OTC Derivatives Contract” for the purposes of the Agreement, including without limitation any OTC derivatives transaction (where the underlying is acceptable to the Bank in its absolute discretion), including but not limited to Specified Securities-Based Derivatives Contracts, forwards, contracts for differences, options, swaps and any relevant strategies or combinations (which may include but are not limited to forward exchange contracts, currency options, equity options (including options over baskets of shares and indices) or interest rate caps, collars and floors, bond option transactions, accumulators, decumulators, investment transactions linked to the performance of underlying currency and debt securities transactions, or Collective Investment Schemes) that are or will be governed by the Master Derivatives Agreement, or these General Xxxxx, as the case may be.
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OTC derivatives contract means a derivatives contract that is not an exchange-traded derivatives contract;
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Examples of OTC derivatives contract in a sentence

  • The issuer or guarantor of a fixed-income security, counterparty to an OTC derivatives contract, or other borrower may not be able to make timely principal, interest, or settlement payments on an obligation.

Related to OTC derivatives contract

  • Derivatives Contract means a contract between two parties (the “Receiving Party” and the “Counterparty”) that is designed to expose the Receiving Party to economic benefits and risks that correspond substantially to the ownership by the Receiving Party of a number of shares in the capital of the Company or securities convertible into such shares specified or referenced in such contract (the number corresponding to such economic benefits and risks, the “Notional Securities”), regardless of whether obligations under such contract are required or permitted to be settled through the delivery of cash, shares in the capital of the Company or securities convertible into such shares or other property, without regard to any short position under the same or any other Derivatives Contract. For the avoidance of doubt, interests in broad-based index options, broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate governmental authority shall not be deemed to be Derivatives Contracts;

  • Long Derivative Instrument means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

  • Commodity Hedging Agreement means any forward contract, swap, option, hedge or other similar financial agreement or arrangement designed to protect against fluctuations in commodity prices.

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.