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• A direct contract between a seller and buyer outside of a centralized market or exchange (e.g. Nymex or an RTO/ISO). In energy markets, the buyer or seller usually finds his or her matching counter-party through a broker (e.g. voice brokers, ICE, etc.).

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  Cite Definition for Bilateral transaction

  American Psychological Association (APA)

  Bilateral transaction. (n.d.). Guide to Market Oversight Glossary. Retrieved June 10, 2023, from website: http://www.expertglossary.com/definition/bilateral-transaction.

  Chicago Manual of Style (CMS)

  Bilateral transaction. www.ferc.gov. Guide to Market Oversight Glossary. FERC. http://www.expertglossary.com/definition/bilateral-transaction (accessed: June 10, 2023).

  Modern Language Association (MLA)

  "Bilateral transaction." Guide to Market Oversight Glossary. FERC. 10 June. 2023 http://www.expertglossary.com/definition/bilateral-transaction.

• Browse Related Terms: Bilateral transaction, Centralized Exchange, Counterparty, Credit clearing, Credit score, Globex (GW), New York Mercantile Exchange (Nymex), Nymex ClearPort, Ring-fencing, Safe harbor, Transaction costs