replacement trade

Uses as of 07/07/2017

Definitions over time (1)

12/09/2016 – today applies on 07/07/2017 Article 1, Commission Delegated Regulation (EU) 2016/1401 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘replacement trade’ means a transaction entered into on or after the close-out date of a derivative contract to re-establish, on a net risk exposure basis, any hedge or related trading position that has been terminated on equivalent economic terms as the closed-out transaction;