Prime Broker Transaction definition

Prime Broker Transaction means a transaction in an uncleared Swap where one counterparty is a Prime Broker and the other counterparty is a Participant whom the Prime Broker has authorized to act as such in connection with such transaction.
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Prime Broker Transaction means a Permitted Cross Transaction in an Uncleared Swap executed on the SEF pursuant to Rule 4105 where one counterparty is a Prime Broker and the other is a Person (which may also be a Prime Broker) with which the Prime Broker has swap trading relationship documentation in place in accordance with the requirements of Rule 4013.B.
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Prime Broker Transaction means a transaction in a Non-Cleared Swap where one counterparty is a Prime Broker and the other counterparty is a Participant or another Prime Broker whom the Prime Broker has Non-Cleared Swaps Agreement and (b) where the Prime Broker has no knowledge of such transaction until after the transaction’s execution.
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Examples of Prime Broker Transaction in a sentence

  • If the foregoing conductions are satisfied, the Company will cancel the Prime Broker Transaction.

  • The Prime Broker shall communicate such request directly to the Company within 48 hours after the execution of the relevant Prime Broker Transaction and indicate the reason for the cancellation.

  • Notwithstanding anything to the contrary in this Rule 526, a Prime Broker may request the cancellation of any Prime Broker Transaction (i) that is executed in excess of the limit established by the Prime Broker with respect to the Prime Broker Transaction, (ii) because the Prime Broker Transaction was executed by a Person that was not authorized by the Prime Broker, or (iii) because the Prime Broker Transaction was executed for an unauthorized product.

  • A Prime Broker shall have the right to cancel a Prime Broker Transaction in accordance with the provisions of Rule 5103.E within two (2) hours of the time that the SEF provides the Prime Broker with a Confirmation of such Transaction in accordance with Rule 4012.


More Definitions of Prime Broker Transaction

Prime Broker Transaction means a Transaction in a non-cleared swap where one Counterparty is a Prime Broker and the other is a Participant or Customer with which the Prime Broker has Prime Broker Documentation.
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Related to Prime Broker Transaction

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Seller Transaction Expenses means any and all legal, accounting, consulting, investment banking, agent, brokers’ and finders’ and other similar fees, costs, and expenses of Seller and related to the negotiation, preparation, and execution of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby.

  • Transaction Agreements means the Securities Purchase Agreement, the Debentures, the Joint Escrow Instructions, the Security Agreement, the Registration Rights Agreement, and the Warrants and includes all ancillary documents referred to in those agreements.

  • Transaction means the transaction contemplated by this Agreement.