Examples of Platform Transaction in a sentence
X-CLEAR becomes involved as a new party in each Trading Platform Transaction, whereby the agreed trade contract between the original parties is rescinded and X-CLEAR concludes new Single Contracts with the Members concerned, which are identical to the respective Trading Platform Transaction ("Novation").
Joint Product Nature of Exchange Platform Transaction execution and proprietary data products are complementary in that market data is both an input and a byproduct of the execution service.
The Committee therefore agreed to resume its consideration of the matter once that discussion had taken place.
The Trading Platform Rules and all Applicable Laws are complied with in respect of the corresponding Trading Platform Transaction.
X-CLEAR considers at its discretion that, at the time of formation of the Single Contract, the corresponding Inter-CCP Contract (if applicable) or the corresponding Trading Platform Transaction, the relevant Member (or the corresponding Registered Client, if applicable) is not in compliance with its obligations relating to the provision of Margins and/or Default Fund Contributions.
Only at such time shall the liabilities and obligations of SIX x-clear in respect of the relevant Trading Platform Transaction be validly determined under such Single Contract.
In the event that one of the two parties is a Co-CCP Clearing Member, a Single Contract is formed between SIX x-clear and the respective ICM or GCM (also in the event that an NCM is party to the Trading Platform Transaction) and an Inter-CCP Contract is formed between SIX x-clear and the respective Co-CCP with identical content, but with opposite positions.
Open Offer:In relation to each Trading Platform Transaction, SIX x-clear shall make available to the Members participating in the Trading Platform Transaction and, in the event that (i) an NCM is a Trading Party to the Trading Platform Transaction, to the respective GCM, or (ii) a Co-CCP Clearing Member is a Trading Party to the Trading Platform Transaction, to the respective Co-CCP, an open offer to conclude Single Contracts.
By forming: (a) the Single Contract between SIX x-clear and the Member, (b) the Inter-CCP Contract between SIX x-clear and the Co-CCP and (c) the contract between the Co-CCP and its Co-CCP Clearing Member, the original Trading Platform Transaction is avoided.
The figures in Table 8-2 are example cost estimate numbers used in a study for the St. Louis Metropolitan Sewer District.