Security Financing Transactions definition

Security Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements within the scope of SFTR.
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Examples of Security Financing Transactions in a sentence

  • Further details in respect of Security Financing Transactions are set out under the Heading "Efficient Portfolio Management – Securities Financing Transactions: Stocklending, Repurchase Agreements and Reverse Repurchase Agreements".

  • Exclusion of Security Financing Transactions: We welcome this clarification but want to make sure that all securities financing transactions (SFTs) reporting requirements will arise solely from the SFT Regulation and that investment firms will not be requested to report any SFT even in an interim period.

  • Prior to those Security Financing Transactions being reportable ISDA’s members would welcome exam- ples in the MiFIR transaction reporting guidelines document showing how to report attributes required un- der MIFIR.

  • In particular, it is assumed in relation to operations in Over-the-Counter (OTC) derivatives and in Security Financing Transactions (SFT).Counterparty risk is mitigated by the Bank's operations, which are characterised by non-complex instruments and are mainly carried out within regulated markets or with counterparties of high credit standing, thus this risk is considered low.

  • And the exposure measure should consist of on-balance and off-balance items, which means Security Financing Transactions, such as repurchase agreements and securities finance, on the on- balance sheet side and instruments, such as commitments, direct credit substitutes, trade letters of credit, failed transactions or unsettled securities.

  • Security Financing Transactions with members of ESCB should be excluded from reporting obligations under Article 26 of MiFIR for the following reasons: - These transactions should never lead to market abuses as public authorities (among which central banks) can never be accused of market abuse; - We believe that EU lawyers have purposely excluded these transactions from the reporting obligation under Article 4 of the SFTR (because they are not incurring risks justifying their reporting).

  • In compliance with strict criteria, itis also possible to offset the notional amounts of eligible credit derivatives (protection bought) against the sold protection.• Security Financing Transactions (SFT15) – the exposure of which is measured by two components, i.e. counter-party risk, equal to the exposure net of the collateral (and without considering the volatility effect), and the accounting value of the transaction.• Off-balance-sheet Exposures - measured, as provided by art.

  • Baxi, (2010) ‘The Judiciary as a Resource for Indian Democracy’, Seminar, Issue 615, pp.61-67.R. Ramachandran, (2006) ‘The Supreme Court and the Basic Structure Doctrine’ in B.

  • In particular, it is assumed in relation to operations in Over-the-Counter (OTC) derivatives and in Security Financing Transactions (SFT).Counterparty risk is mitigated by the Bank's operations, which are characterised by non-complex instruments and are mainly carried out within regulated markets or with counterparties of high credit standing, therefore, the exposure to this risk, despite increasing with respect to the previous year, is considered low.

  • In compliance with strict criteria, it is also possible to offset the notional amounts of credit derivatives where credit protection is sold against credit derivatives where protection is bought;• Security Financing Transactions – the exposure of which is measured by two components, i.e. counter-party risk, equal to the exposure net of the collateral (and without considering the volatility effect), and the accounting value of the transaction;• Off-balance-sheet Exposures - measured, as provided by art.

Related to Security Financing Transactions

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Securities Financing Transactions means collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Closing Transactions has the meaning set forth in Section 11.8(a) of these Bylaws.

  • New Financing has the meaning specified in Section 2.04(a).

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

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

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Exit Financing means the financing under the Exit Facility.

  • Transaction Security Documents means each of the documents listed as being a Transaction Security Document in paragraph 2(e) of Part I of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement and any document required to be delivered to the Administrative Agent under paragraph 3(d) of Part II of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement together with any other document entered into by any Obligor creating or expressed to create any Security over all or any part of its assets in respect of the obligations of any of the Obligors under any of the Finance Documents (and any other Debt Documents).

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.