Second FX Transaction definition

Second FX Transaction means collectively the series of FX transactions conducted by Julius Baer for Fair Oaks on 23 November 2010;
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Examples of Second FX Transaction in a sentence

  • The funds used for the Second FX Transaction comprised a portion of the funds which had been converted into USD by the First FX Transaction; the sum of approximately USD 68 million was converted to EUR 50,040,473, generating a total commission of USD 1,062,000.

  • JBI executed the first and second tranches making up the Second FX Transaction at a rate of 1.33855.

  • The total commission rate (1.56%) for the Second FX Transaction was approximately 30 times higher than Julius Baer’s standard FX commission rate for transactions of this size and consequently significantly higher than a client would normally pay Julius Baer for an FX transaction.

  • Ms Whitestone agreed with Mr Feldman that Mr Merinson could utilise one of the four 70% retrocession payments previously approved by Mr Seiler and Mr Raitzin in relation to the Second FX Transaction.

  • On 24 November 2010, Ms Whitestone emailed Mr Seiler and Mr Raitzin and requested approval for a payment of USD 742,000 to Mr Merinson, being 70% of the commission generated by BJB for executing the Second FX Transaction.

  • He also questioned the apparent lack of an investment strategy (noting that the Second FX Transaction used a portion of the funds from the First FX Transaction).

  • The Second FX Transaction took place at a rate approximately 30 times higher than Julius Baer’s standard commission rate for transactions of this size, and resulted in commission in excess of USD 1 million being charged to Fair Oaks; 70% of this sum was paid to Mr Merinson, and the remaining 30% (approximately USD 320,000) was retained by Julius Baer and constituted a return of 0.47%.

  • Scrutiny of the payments to Julius Baer and subsequently to Mr Merinson would also have been hindered by the absence of any written agreement relating to the 70% payment to Mr Merinson and the lack of written client instructions in relation to the Second FX Transaction.

  • Ms Whitestone agreed with Mr Feldman in advance of the Second FX Transaction that an intra-day range of two cents in the USD/Euro exchange rate was required before any trading could take place.

  • Also on 23 November 2010, Ms Whitestone arranged for the JBI Trader to carry out a further set of FX transactions on Fair Oaks’ BJB Bahamas account at commission rates which exceeded Julius Baer’s standard margin rate – the Second FX Transaction.

Related to Second FX Transaction

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Transaction means the transactions contemplated by this Agreement.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Transaction Size means Lot Size multiplied by number of Lots.

  • Acquisition Transaction Announcement means (i) the announcement of an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding designed to result in an Acquisition Transaction, (iii) the announcement of the intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) any other announcement that in the reasonable judgment of the Calculation Agent may result in an Acquisition Transaction or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention). For the avoidance of doubt, announcements as used in the definition of Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a third party.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Derivative Transaction means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates or associates, whether of record or beneficial: (1) the value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Company, (2) which otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of the Company, (3) the effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or (4) which provides the right to vote or increase or decrease the voting power of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company, which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing member.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.