Package Transaction definition

Package Transaction means a transaction involving two or more instruments:

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components.

Package Transaction means a transaction involving two or more instruments: (1) that is executed between two or more counterparties; (2) that is priced or quoted as one economic transaction with simultaneous or near simultaneous execution of all components; (3) that has at least one component that is a Swap that is a Required Transaction; and (4) where the execution of each component is contingent upon the execution of all other components. No Swaps are prohibited from being executed on the SEF as part of a Package Transaction. The categories of Package Transactions currently executed on the SEF are: (i) MAT/MAT Cleared Package Transactions; (ii) MAT/Non-MAT Cleared Package Transactions; and (iii) MAT/Non-MAT Uncleared Package Transactions. The categories of Package Transactions currently facilitated by the SEF are: (i) MAT/Non-Swap Instruments Package Transactions (MAT/Bonds only); (ii) US Dollar Swap Spreads; and (iii) MAT/Futures Package Transactions (MAT/Eurodollar Futures only). Such facilitation is done by the SEF’s providing an execution venue for the Swap legs and reference price information regarding the non-Swap legs. The reference price is made available to Participants for informational purpose only. The SEF does not execute the non-Swap legs of Package Transactions; the counterparties to any Package Transaction involving a non-Swap component must bilaterally execute such non-Swap component away from the SEF.

Examples of Package Transaction in a sentence

• A “New Swap/Corrected Terms” means, with respect to a Cleared Error Swap, including a Cleared Error Swap that is a component Swap of a Package Transaction, a swap executed on or pursuant to the Rules of the SEF and submitted for clearing in accordance with the provisions of Rule 1005(d), whose terms, other than time of execution, reflect the terms to which the original counterparties or intended counterparties mutually assented when they executed the related Cleared Error Swap.

• A Package Transaction must be identified to the Clearing House at the time of its presentation in the format prescribed by the Clearing House.

• The Clearing House may limit the number of SwapClear Transactions that may be included in a Package Transaction by way of member circular.

• Where such condition is not met, all constituent SwapClear Transactions of the Package Transaction will be rejected.

• In respect of a Package Transaction comprising ForexClear Transactions that are not executed on any US Trading Venue, the Clearing House will send a Notification to the relevant ForexClear Clearing Member(s) for the acceptance of each such constituent ForexClear Transaction.

More Definitions of Package Transaction

Package Transaction means: (a) an exchange for physical; or (b) a transaction involving the execution of two or more component transactions in financial instruments and which fulfils all of the following criteria:

Package Transaction means a transaction involving two or more Swaps:

Package Transaction means either of the following:

Package Transaction means a transaction involving two or more Contracts or other instruments:

Package Transaction means […]

Package Transaction means a transaction in which —

Package Transaction means a Transaction which involves the execution of two or more component Transactions which is executed between two or more Counterparties, where the execution of each component is simultaneous and contingent upon the execution of other components;