FORMALISED PROCESSES FOR PORTFOLIO RECONCILIATION AND DISPUTE RESOLUTION Sample Clauses

FORMALISED PROCESSES FOR PORTFOLIO RECONCILIATION AND DISPUTE RESOLUTION. Pursuant to
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FORMALISED PROCESSES FOR PORTFOLIO RECONCILIATION AND DISPUTE RESOLUTION. Pursuant to the Risk-Mitigation Techniques for OTC derivative contracts not cleared by a CCP and the Risk-Mitigation Technical Standards, Counterparties must establish formalized processes which are robust, resilient and auditable in order to reconcile portfolios, to manage the associated risk and to identify disputes between parties early and resolve them, and to monitor the value of outstanding contracts. For the purposes of fulfilling this requirement, FXDD will adhere to the ISDA 2013 EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol as published on 19 July 2013 by the International Swaps and Derivatives Association, Inc. (“ISDA Protocol”). This Acknowledgement Concerning EMIR Risk Mitigation Procedure, together with the full Customer Agreement, the Customer Account Application, FXDD Trading Rules and Regulations, Risk Disclosure Statement, Additional Risk Disclosure Statements and all applicable written Addenda thereto, will be deemed modified to reflect the ISDA Protocol upon execution of the Protocol as to any Customer that also adheres to the ISDA Protocol. For any FC or NFC that has not adhered to the ISDA Protocol, the below terms and conditions shall apply to all OTC derivative contracts entered into between FXDD and Counterparty. FXDD reserves the right to amend this process at its sole discretion based on period evaluations of its practical application and/or in accordance with any legislative amendments to EMIR and/or the RTS on OTC Derivatives. FXDD further reserves the right to require Customer adherence to the aforementioned ISDA Protocol as a condition to trading with FXDD.
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Related to FORMALISED PROCESSES FOR PORTFOLIO RECONCILIATION AND DISPUTE RESOLUTION

  • Complaints and Dispute Resolution 16.1 Where a dispute arises in connection with any aspect of this Agreement, the parties acting with good faith, will use all reasonable endeavours to bring any such issue to the attention of the other party in a timely fashion and in any event within 60 days of any such dispute coming to their attention. 16.2 Notification by one party to the other must be in writing and include the nature of the dispute and the desired resolution. 16.3 If a Supplier wishes to notify ACM of a dispute in connection with this Agreement, any such notification should be made by email to ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇.▇▇. 16.4 Within seven days of receipt of a notification in accordance with clause 16.2, a party will provide a response in writing including setting out steps it intends to take to resolve the dispute. 16.5 If, after attempting to resolve the dispute for a period of at least 60 days, the parties are not reconciled, they agree to then participate in a mediation to be conducted in accordance with the Code. 16.6 If, after undertaking mediation in accordance with the Code, the parties are still not reconciled, they may then submit to an arbitration to be conducted in accordance with the Code. 16.7 Unless otherwise agreed in writing, the parties shall each bear their own legal costs associated with any mediation and/or arbitration pursuant to this Agreement. 16.8 Nothing in this clause will prevent a party from seeking an injunction.

  • Consultation and Dispute Resolution 1. The Parties shall promptly consult, at the request of either of them, on any question arising out of the interpretation or application of this Agreement. Any disputes concerning the interpretation or application of this agreement shall be settled by friendly consultations between the Parties. 2. Paragraph 1 shall not prevent the Parties from having recourse to dispute settlement procedures under the Partnership and Cooperation Agreement establishing partnership between the European Communities and their Member States, and Ukraine.

  • Governing Law and Dispute Resolution Procedure 25.1 This Agreement and any dispute or claim (including any non-contractual dispute or claim) arising out of or in connection with it or its subject matter, shall be governed by, and construed in accordance with, the laws of England and Wales. 25.2 Subject to the remainder of this clause 25, the parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including any non-contractual dispute or claim) that arises out of or in connection with this Agreement or its subject matter. 25.3 In the event that any claim or dispute arises out of or in connection with this Agreement, the parties shall, following service of written notice by one party on the other, attempt to resolve amicably by way of good faith negotiations and discussions any such dispute or claim as soon as reasonably practicable (and in any event within 14 calendar days after such notice or by such later date as the parties may otherwise agree in writing). If the parties are unable to resolve the dispute or claim in accordance with this clause 25.3, either party may commence proceedings in accordance with clause 25.2. 25.4 Nothing in this clause 25 shall prevent either party from applying at any time to the court for injunctive relief on the grounds of infringement, or threatened infringement, of the other party's obligations of confidentiality contained in this Agreement or infringement, or threatened infringement, of the applicant's Intellectual Property Rights.

  • CENTRAL DISPUTE RESOLUTION PROCESS The following process pertains exclusively to disputes and grievances on central matters that have been referred to the central process. In accordance with the School Board Collective Bargaining Act, 2014 central matters may also be grieved locally, in which case local grievance processes will apply. In the event that central language is being grieved locally, the local parties shall provide the grievance to their respective central agents.

  • Dispute Resolution Process Any claim, dispute or other matter in question not resolved by the process identified in Paragraph