OTC Transaction means a Transaction that is concluded over-the-counter and not on or through an exchange under its business rules, whether or not cleared and/or settled through an exchange or clearing house;
OTC Transaction means a transaction being a SwapClear Transaction, RepoClear Transaction, RepoClear GC Transaction, Repo Trade, Bond Trade or GC Trade, or ForexClear Transaction
OTC Transaction means a transaction being a SwapClear Transaction, RepoClear Transaction, RepoClear GC Transaction, Repo Trade, Bond Trade or GC Trade, or ForexClear Transaction"Own Resources Provision"means Article 35 of Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties or any law, regulation, rule, official directive or guideline (having the force of law) which replaces, supplements, modifies, amends or varies such provision“Permitted Transfers”has the meaning ascribed to it in Section 2C of the Procedures"Portfolio Margined Contracts"means any Listed Interest Rates Contracts recorded in an Account of a Portfolio Margining Clearing Member related to SwapClear Clearing Business following the operation by the Clearing House of the Portfolio Margining Arrangements"Portfolio Margining Arrangements"means the operational provisions in respect of the Portfolio Margining Service as set out in Section 2.1 of the Rates Service DMP Annex"Portfolio Margining Clearing Member"means a Joint Rates Service Clearing Member who has opted in to the Portfolio Margining Service in accordance with Section 2C of the Procedures"Portfolio Margining Client"means, in respect of a Portfolio Margining Clearing Member, an Individual Segregated Account Clearing Client or an Omnibus Segregated Clearing Client which has been opted in to the Portfolio Margining Service in accordance with Section 2C of the Procedures"Portfolio Margining Service"means the portfolio margining service offered by the Clearing House pursuant to Regulation 59 and as more fully described at Section 2C of the Procedures"Portfolios"has the meaning assigned to it in the Default Rules"Porting Window"has the meaning assigned to it in the Client Clearing Annex to the Default Rules "Porting Window Reduction" has the meaning assigned to it in the Client Clearing Annex to the Default Rules
Examples of OTC Transaction in a sentence
An OTC Transaction where the First Fixing Rate is not specified is eligible for OTC Clearing.
Non-standard Calculation Periods (referred to as Stub Periods) may only occur at the start or end of the OTC Transaction.
An OTC Transaction denominated in any supported Currency shown below and which does not specify the associated holiday centre(s) for purposes of determining Business Days for payments and interest calculations cannot be cleared.
The rules in this section 2 (Global Eligibility Rules) apply to all OTC Transactions regardless of OTC Transaction Type.
There is no exchange market through which to liquidate your position, or to assess the value of the OTC Transaction or the exposure to risk.
More Definitions of OTC Transaction
OTC Transaction means any over the counter derivative transaction, any Master Transaction, and any other over the counter transaction we agree in the applicable confirmation to treat as an OTC Transaction for the purposes of this Annex. ELECTRONIC TRADING ANNEX
OTC Transaction means a transaction being a SwapClear Transaction,
OTC Transaction has the meaning ascribed to such term in Section 2.6(b)(iv).
OTC Transaction means any "OTC derivative" or "OTC derivative contract" as defined in Article 2(7) of EMIR to which the Bank and the Client are both parties;
OTC Transaction means “OTC Derivatives” (as defined in the CME Rules) that the CME has designated as eligible for clearing in accordance with the CME Rules.
OTC Transaction means an over-the-counter transaction between the Precious Metals Dealer and the Sponsor pursuant to which the Sponsor, on behalf of the Trust, will acquire the physical gold requested by a Delivery Applicant in the Delivery Application from the Precious Metals Dealer in exchange for the transfer of Unallocated Gold from the Trust Unallocated Account to the PMD Unallocated Account in an amount of Fine Ounces equal to the Fine Ounce content of the physical gold to be acquired.
OTC Transaction means an over-the-counter transaction between the Precious Metals Dealer and the Sponsor pursuant to which the Sponsor, on behalf of the Trust, will acquire the physical gold requested by a Delivery Applicant in the Delivery Application from the Precious Metals Dealer in exchange for the transfer of Unallocated Gold from the Trust Unallocated Account to the PMD Unallocated Account in an amount of Fine Ounces equal to the Fine Ounce content of the physical gold to be acquired. “Ounce” means one xxxx ounce, equal to 31.103 grams (1.0971428 ounces avoirdupois). “Physical Gold” or “physical gold” means (i) gold bullion that meets the London Good Delivery Standards and (ii), with respect to a Delivery Applicant’s taking Delivery of Physical Gold, gold bullion in bars of any size with a minimum fineness of 99.5% and Gold Coins. “PMD Unallocated Account” means a loco London account maintained by the Custodian on an Unallocated Basis for the Precious Metals Dealer which may be used for facilitating a Delivery Applicant’s taking Delivery of Physical Gold as provided in the Trust Agreement and the Delivery Applicant Procedures. “Precious Metals Dealer” means Coins ‘N Things, Inc., the dealer in gold selected by the Sponsor to facilitate the Delivery Applicant’s taking Delivery of Physical Gold as provided in the Trust Agreement and the Delivery Applicant Procedures. “Precious Metals Dealer Indemnified Party” has the meaning ascribed to such term in Section 7.2. “Securities Act” means the Securities Act of 1933, as amended. “Share” means a unit of beneficial interest in the Trust created under the Trust Agreement, having no par value and representing a fractional undivided beneficial interest in the net assets of the Trust which undivided interest shall equal a fraction, the numerator of which is one and the denominator of which is the total number of Shares outstanding. “Sponsor” means Merk Investments LLC, a Delaware limited liability company, or its successor. 3 “Surrender” means a book-entry transfer of Shares to the Trustee’s account with the Depository. “Trust” means the Merk Gold Trust. “Trust Agreement” means the Depositary Trust Agreement of the Merk Gold Trust dated on or about [________, 2014], as amended from time to time, between Merk Investments LLC, as Sponsor, and The Bank of New York Mellon, as Trustee. “Trust Allocated Account” means the loco London account maintained for the Trust by the initial Custodian pursuant to the Trust Allocated Account Agr...