Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institutional buyer, including another dealer acting as riskless principal for a qualified institutional buyer.
Riskless principal transaction means a transaction in which, after having re- ceived an order to buy from a cus- tomer, the bank purchased the security from another person to offset a con- temporaneous sale to such customer or, after having received an order to sell from a customer, the bank sold the security to another person to offset a contemporaneous purchase from such customer.[72 FR 56567, Oct. 3, 2007] § 240.3a5–3 Exemption from the defini- tion of ‘‘dealer’’ for banks engaging in securities lending transactions.
Riskless principal transaction means a transaction in which a broker or dealer after having received an order from an issuer to buy its security, buys the security as principal in the market at the same price to satisfy the issuer’s buy order. The issuer’s buy order must be effected at the same price per-share at which the broker or dealer bought the shares to satisfy the issuer’s buy order, exclusive of any explicitly dis- closed markup or markdown, commis- sion equivalent, or other fee. In addi- tion, only the first leg of the trans- action, when the broker or dealer buys the security in the market as principal, is reported under the rules of a self-reg- ulatory organization or under the Act. For purposes of this section, the broker or dealer must have written policies and procedures in place to assure that, at a minimum, the issuer’s buy order was received prior to the offsetting transaction; the offsetting transaction is allocated to a riskless principal ac- count or the issuer’s account within 60 seconds of the execution; and the broker or dealer has supervisory sys- tems in place to produce records that enable the broker or dealer to accu- rately and readily reconstruct, in a time-sequenced manner, all orders ef- fected on a riskless principal basis.
Examples of Riskless principal transaction in a sentence
Riskless principal transaction means a transaction in which a banking entity, after receiving an order from a cus- tomer to buy (or sell) a security, pur- chases (or sells) the security in the sec- ondary market for its own account to offset a contemporaneous sale to (or purchase from) the customer.[79 FR 5805, Jan.
Riskless principal transaction means a transaction in which a banking entity, after receiving an order from a cus- tomer to buy (or sell) a security, pur- chases (or sells) the security in the sec- ondary market for its own account to offset a contemporaneous sale to (or purchase from) the customer.[79 FR 5779, 5804, Jan.
Riskless principal transaction means a transaction in which a banking entity, after receiving an order from a cus- tomer to buy (or sell) a security, pur- chases (or sells) the security in the sec- ondary market for its own account to offset a contemporaneous sale to (or purchase from) the customer.[79 FR 6048, Jan.
Riskless principal transaction means a transaction in which a banking entity, after receiving an order from a customer to buy (or sell) a security, purchases (or sells) the security in the secondary market for its own account to offset a contemporaneous sale to (or purchase from) the customer.
Riskless principal transaction means a transaction in which a banking entity, after receiving an order from a customer to buy (or sell) a security, purchases (or sells) the security in the secondary market for its own account to offset a contemporaneous sale to (or purchase from) the customer.■ 4.
More Definitions of Riskless principal transaction
Riskless principal transaction means a transaction in which, after having received an order to buy from a customer, the bank purchased the security from another person to offset a contemporaneous sale to such customer or, after having received an order to sell from a customer, the bank sold the security to another person to offset a contemporaneous purchase from such customer.§ 240.3a5–3 Exemptionfrom the definition of ‘‘dealer’’ for banks engaging in securities lending transactions.
Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a Qualified Institutional Buyer, including another dealer acting as riskless principal for a Qualified Institutional Buyer. B. “U.S. person” means: (1) Any natural person resident in the United States;
Riskless principal transaction means a transaction in which a Financial Institution, after having received an order from a Retirement Investor to buy or sell a Principal Traded Asset, purchases or sells the asset for the Financial Institution’s own account to offset the contemporaneous transaction with the Retirement Investor.
Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institutional buyer, including another dealer acting as riskless principal for a qualified institutional buyer. ### ABAG FINANCE i\llTHORITY FOR NONPROFIT CORPORATIONS MULTIFAMILY HOUSING REVENUE NOTE (PRESIDIO EL CAMINO APARTMENTS) $7,700.000 2011 SERIES A DATED SEPTEMBER l, FOR VALUE RECEIVED. the undersigned ABAG FIN. NONPROFIT CORPORATIONS ("Obligor") promises to pay to the l AUTIIORITY FOR . CITIBANK. N.i\. ·N l!UNDRU) c·I !older") the maximum principal sum of St·:VEN MILLION THOUSAND DOLLARS ($7.700.000). on March 1. 2044. or earlier as pro with interest thereon at the rates. at the times and in the amounts provided bek Obligor shall pay to the Holder on or before each date on \Yhich paymcn xxx under that certain Funding Loan Agreement, dated as of September L 2011 (the ·· ·undinQ Loan i\QrecmcnC). between Obligor and !!older. an amount in immediately available funds suJTic1cnt to pay the principal amount of and Prepayment Premium. if any, on the Funding Loan then due and payable. whether by maturity. acceleration. prepayment or otherwise. In the event that amounts held derived from proceeds of the Borrower Loan. condemnation awards or insurance proceeds or investment earnings thereon are applied to the payment of principal due on the Funding Loan in accordance vvith the Funding Loan Agreement. the principal amount due hereunder shall be reduced to the extent of the principal amount of the Funding Loan so paid. Capitalized terms not otherwise defined herein shall have the meaning assigned in the Funding Loan Agreement. Obligor shall pay to the I I older on or before each date on which interest on the Funding Loan is payable interest on the unpaid balance hereof in an amount in immediately available funds suflicient to pay the interest on the Funding Loan then due and payable in the amounts and at the rate or rates set lorth in the Funding Loan Agreement.
Riskless principal transaction means a principal transaction where a member, after having received from a customer an order to buy, purchases the security as principal from another member or customer to satisfy the order to buy or, after having received from a customer an order to sell, sells the security as principal to another member or customer to satisfy the order to sell. Two principal transactions occur at the same price but are only reported once as an agency transaction. This is a principal transaction that synthesizes an agency transaction by removing the risks involved with holding a position.
Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institu- tional buyer, including another dealer acting as riskless principal for a qualified institutional buy- er.
Riskless principal transaction means a transaction in which a Financial Institution, after having received an order from a Retirement Investor to buy or sell an