Eligible Counterparties Clause Samples

The 'Eligible Counterparties' clause defines which parties are recognized as qualified to engage in certain transactions or agreements under the contract. Typically, this clause specifies that only entities meeting specific regulatory or financial criteria—such as banks, investment firms, or large institutional investors—are permitted to participate. By clearly outlining who qualifies as an eligible counterparty, the clause ensures compliance with legal requirements and helps manage risk by restricting participation to parties deemed financially sophisticated and reliable.
Eligible Counterparties. Where the Company treats the Client as an Eligible Counterparty, the Client will be entitled to fewer protections under the Law than it would be entitled to as a Retail Client and an Experienced Retail Client or Professional Client. In particular and in addition to the above paragraph 5.1 (the below list may not be exhaustive): i. The Company is not required to provide the Client with best execution in executing the Clients’ orders. ii. The Company is not required to implement procedures and arrangements which provide for the prompt, fair and expeditious execution of its Clients’ orders, relative to other Client orders or its trading interests. iii. The Company is not required to assess the appropriateness of a product or service that it provides to Client but can assume that the Client has the expertise to choose the most appropriate product or service for itself. iv. The Company is not required to provide the Client with information about the Company, its services, financial instruments and proposed investment strategies, execution venues, the arrangements through which the Company will be remunerated and other relevant information. v. The Company is not required to provide reports to the Client on the execution of its orders. vi. The Investors Compensation Fund does not cover Eligible Counterparties.
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Eligible Counterparties. Clients who are investment firms, credit institutions, insurance undertakings, UCITS and their management companies, pension funds and their management companies and other financial institutions authorised by a Member State or regulated under Community legislation or the National Law of a Member State, National Governments and their corresponding officers including public bodies that deal with public debt, Central Banks, and supranational originations. Clients can request for different categorization and they are informed via a durable medium about this right and about any limitations to the level of client protection that it would entail. The Company when dealing with Eligible Counterparties the following do not apply: Requirement for conducting an Appropriateness Test. Obligations in relation to order execution. Limited or less detailed information on the Company's Services, financial products, associated costs and charges, remuneration and commissions.
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Eligible Counterparties. 2.1 An eligible counterparty is a Bank that meets the following operational criteria (“Eligible Counterparty”): (a) it has in place SSI(s) relating to USD cash (“USD cash SSI(s)”); and (b) it has entered into a GMRA with the Authority; and (c) if it is a MEPS+ participant – i. it has in place an operational RTGS Account, if it intends to use Category A1 collateral (SGD cash only) to settle bilaterally with the Authority; or ii. it has in place an operational SGS-Trade Account, if it intends to use Category A1 collateral (excluding SGD cash) to settle bilaterally with the Authority; or iii. it has in place SSI(s) relating to securities (“securities SSI(s)”) with the Authority and an operational CDP Account, if it intends to use Category A2 or A3 collateral to settle bilaterally with the Authority; or iv. it has in place operational Triparty Account(s) with the Appointed Triparty Agent(s), if it intends to settle Specified Collateral via the Appointed Triparty Agent(s). Where the Appointed Triparty Agent is CBL, this includes having in place an operational CBL Account; and (d) if it is a non-MEPS+ participant– i. it has in place an operational Current Account, if it intends to use Category A1 collateral (SGD cash only) to settle bilaterally with the Authority; or ii. it has in place an operational SGS-Reserve Account, if it intends to use Category A1 collateral (excluding SGD cash) to settle bilaterally with the Authority; or iii. it has in place securities SSI(s) with the Authority and its agent bank has in place an operational SGS Account, if it intends to use Category A1 collateral (excluding SGD cash) which are held with its agent bank to settle bilaterally with the Authority; or iv. it has in place securities SSI(s) with the Authority and an operational CDP Account, if it intends to use Category A2 or A3 collateral to settle bilaterally with the Authority; or v. it has in place operational Triparty Account(s) with the Appointed Triparty Agent(s), if it intends to settle Specified Collateral via the Appointed Triparty Agent(s). Where the Appointed Triparty Agent is CBL, this includes having in place an operational CBL Account. 2.2 An Eligible Counterparty which is a MEPS+ participant and which intends to use the Facility is advised to submit its USD cash SSI(s) and securities SSI(s) to FD1 1 Please refer to Clause 25.2 for the contact details of FD. via authenticated SWIFT MT199 / MT599 at least three (3) Business Days 2 before participating in its first...
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Eligible Counterparties. The Management Company on behalf of the UCITS will conduct appropriate due diligence in the selection of counterparties, including consideration of the legal status, country of origin, credit rating and minimum credit rating (where relevant). A Sub-Fund may invest in OTC derivatives in accordance with the requirements of the FMA and provided that the counterparties to the OTC derivatives are Eligible Counterparties.
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Eligible Counterparties. To inform Clients of its Order Execution Policy
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Eligible Counterparties. An eligible counterparty can be either a “per se” eligible counterparty or an “elective” eligible counterparty. Per se eligible counterparty Each of the following is a "per se” eligible counterparty (including an entity that is not from the UK that is equivalent to any of the following) unless and to the extent it is given different categorisation: 1) an investment firm; 2) a credit institution; 3) an insurance company; 4) a collective investment scheme authorised under the UK provisions which implemented the UCITS Directive or its management company; 5) a pension fund or its management company; 6) another financial institution authorised or regulated under the law of the UK; 7) a national government or its corresponding office, including a public body that deals with public debt at national level; 8) a central bank; and
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Eligible Counterparties. Where the Company treats the Client as an eligible counterparty, the Client will be entitled to fewer protections under the law than he/she/they would be entitled to as a professional client. ln particular, and in addition to the aboves a. The Company is not required to provide the Client with the best execution to the Client’s orders; b. The Company is not required to disclose to Client information regarding any fees or commissions that the Company pays or receives; c. The Company in not required to assess the suitability or appropriateness of a product or service that it provides to Client but can assume that the Client have the expertise to choose the most appropriate product or service for him/her/them and that he/she/they is/are able financially to bear any investment risks consisted with his/her/ their investment objectives; d. The Company is not required to provide the Client with information about the Company, its services and the arrangements through which the Company will be remunerated; e. The Company is not required to provide the Client with risk disclosures on the products or services that he/she/they select/s from the Company; and f. The Company is not required to provide reports to the Client on the execution of his/ her/their orders or the management of his/her/their investments.
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Related to Eligible Counterparties

  • Counterparties This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Banking Services and Swap Agreements Each Lender or Affiliate thereof providing Banking Services for, or having Swap Agreements with, any Loan Party or any Subsidiary or Affiliate of a Loan Party shall deliver to the Administrative Agent, promptly after entering into such Banking Services or Swap Agreements, written notice setting forth the aggregate amount of all Banking Services Obligations and Swap Agreement Obligations of such Loan Party or Subsidiary or Affiliate thereof to such Lender or Affiliate (whether matured or unmatured, absolute or contingent). In furtherance of that requirement, each such Lender or Affiliate thereof shall furnish the Administrative Agent, from time to time after a significant change therein or upon a request therefor, a summary of the amounts due or to become due in respect of such Banking Services Obligations and Swap Agreement Obligations. The most recent information provided to the Administrative Agent shall be used in determining which tier of the waterfall, contained in Section 2.18(b), such Banking Services Obligations and/or Swap Agreement Obligations will be placed.

  • Secured Cash Management Agreements and Secured Hedge Agreements Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

  • Derivative Counterparty Financial Information ▪ Determining current maximum probable exposure Depositor ▪ Determining current significance percentage Depositor ▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference Depositor *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. Item 8: Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported Any party responsible for the applicable Form 8-K Disclosure item Item 9B: Other Information Disclose any information required to be reported on Form 8-K during the fourth quarter covered by the Form 10-K but not reported Any party responsible for disclosure items on Form 8-K Significant Obligor Financial Information* Depositor *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. ▪ Determining applicable disclosure threshold Depositor ▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference Depositor *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. ▪ Determining current maximum probable exposure Depositor ▪ Determining current significance percentage Depositor ▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference Depositor *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. Reg AB Item 1117: Legal Proceedings Any legal proceeding pending against the following entities or their respective property, that is material to Certificateholders, including any proceedings known to be contemplated by governmental authorities: ▪ Issuing Entity (Trust Fund) Trustee, Master Servicer, Securities Administrator and Depositor ▪ Sponsor (Seller) Seller (if a party to the Pooling and Servicing Agreement) or Depositor ▪ Depositor Depositor ▪ Trustee Trustee ▪ Securities Administrator Securities Administrator ▪ Master Servicer Master Servicer ▪ Custodian Custodian ▪ 1110(b) Originator Depositor ▪ Any 1108(a)(2) Servicer (other than the Master Servicer or the Securities Administrator) Servicer (as to itself) ▪ Any other party contemplated by 1100(d)(1) Depositor

  • Reasonable and Continuing Obligations Executive agrees that Executive’s obligations under this Section 6 are obligations which will continue beyond the date Executive’s employment terminates and that such obligations are reasonable, fair and equitable in scope. The terms and duration are necessary to protect the Company’s legitimate business interests and are a material inducement to the Company to enter into this Agreement. Executive further acknowledges that the consideration for this Section 6 is his employment or continued employment. Executive will not be paid any additional compensation during this Restricted Period for application or enforcement of the restrictive covenants contained in this Section 6.