package transaction
as defined in Regulation (EU) No 600/2014 of the European Parliament and of the Council of…, Article 2(1), point (50) (Definitions)
(50)
‘package transaction’ means:
(a)
an exchange for physical; or
(b)
a transaction involving the execution of two or more component transactions in financial instruments and which fulfils all of the following criteria:
(i)
the transaction is executed between two or more counterparties;
(ii)
each component of the transaction bears meaningful economic or financial risk related to all the other components;
(iii)
the execution of each component is simultaneous and contingent upon the execution of all the other components.