Virtual Transaction definition

Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion Transaction. “Virtual Transaction Screening” shall be the process of reviewing the Virtual Credit Exposure of submitted Virtual Transactions against the Credit Available for Virtual Transactions. If the credit required is greater than credit available, then the Virtual Transactions will not be accepted.
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Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion Transaction.
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Virtual Transaction or “Virtual Transactions” means the purchase of goods and/or services over the Internet by the Customer from You, whether the Transaction is facilitated by an Aggregator or not, for which Authorisation has been obtained, or the purchase of goods and / or services using the FNB Banking App;
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Examples of Virtual Transaction in a sentence

  • Each Customer that bids into the Day-Ahead Market, including each Customer that submits a Bid for a Virtual Transaction, and has a schedule accepted by the ISO to purchase Energy in the Day-Ahead Market will pay the product of: (a) the Day-Ahead hourly Zonal LBMP at each Point of Withdrawal; and (b) the scheduled Energy at each Point of Withdrawal.

  • Each Customer that submits a Virtual Transaction bid into the ISO Day-Ahead Market and has a schedule accepted by the ISO to sell Energy in a Load Zone in the Day-Ahead Market will receive a payment equal to the product of (a) the Day-Ahead hourly zonal LBMP for that Load Zone; and (b) the hourly scheduled Energy for the Customer in that Load Zone.

  • A Tariff Customer’s Virtual MWh Limit must be approved by the Transmission Provider before a Tariff Customer can participate in any Virtual Transaction.

  • The Actual Energy Injection in a Load Zone by a Customer scheduled Day-Ahead to sell Energy in a Virtual Transaction is zero and the Customer shall pay a charge for the Energy imbalance equal to the product of: (a) the Real-Time LBMP calculated in that hour for the applicable Load Zone; and (b) the scheduled Day-Ahead Energy Injection of the Customer for that Hour in that Load Zone.

  • Each Customer that submits a Virtual Transaction bid into the ISO Day-Ahead Market and has a schedule accepted by the ISO to sell Energy in a Load Zone in the Day-Ahead Market will receive a payment equal to the product of (a) the Day-Ahead hourly zonal LBMP for that Load Zone; and(b) the hourly scheduled Energy for the Customer in that Load Zone.

  • The gross profitability does not account for uplift costs allocated to virtual transactions, which are shown separately.Table 2: Scheduled Virtual Transaction Volumes and Profitability Table 2 shows that virtual trading generally improved price convergence between the day-ahead and real-time markets in ISO-NE because it was generally profitable.

  • This process impacts Dispatchable and Non-Dispatchable Generators, Dispatchable Loads, Demand Response Resources, Price Responsive Loads, Virtual Transaction Energy Traders, Intertie Traders, and Energy Storage Providers.The mandatory window continues to be in place to restrict changes to bids and offers two hours in advance of Real-Time.

  • This process impacts Dispatchable and Non-Dispatchable Generators, Dispatchable Loads, Demand Response Resources, Price Responsive Loads, Virtual Transaction Energy Traders, Intertie Traders, and Energy Storage Providers.The future Pre-Dispatch Calculation Engine produces results starting at 20:00 EST and will continue to run on an hourly basis.

  • Failure to comply with any or all of the requirements set out above will render the Virtual Transaction to be invalid.

  • Such message will be construed as being a guarantee given by the Merchant that such goods and/or services have been dispatched and will constitute an instruction to VPS to process the Virtual Transaction.


More Definitions of Virtual Transaction

Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion
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Virtual Transaction means the purchase of goods and/or services from the merchant by the 2D User via the Internet;
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Virtual Transaction means the purchase of goods and/or services from the merchant by the Cardholder
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Related to Virtual Transaction

  • capital transactions means any of the following: the sale of all or any part of the assets of the Company; the refinancing of mortgages or other liabilities of the Company; the receipt of insurance proceeds; and any other receipts or proceeds are attributable to capital. (Check One) ☐ - SINGLE-MEMBER: A “Capital Account” for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Coordinated External Transaction means a transaction to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • Going Private Transaction means a transaction involving the purchase of Company securities described in Rule 13e-3 to the Securities and Exchange Act of 1934.