Common use of EMIR Classification and NFC Representation Clause in Contracts

EMIR Classification and NFC Representation. The section entitled “NFC Representation” as set out in the Attachment to the ISDA 2013 EMIR NFC Representation Protocol as published by the International Swaps and Derivatives Association on 8 March 2013 (the “EMIR Classification Protocol”) shall be incorporated by reference to this Confirmation but with the following amendments: (i) References to a party adhering, a party’s adherence or a party having adhered to the EMIR Classification Protocol as a “party making the NFC Representation” will be construed as Company executing this Confirmation while making the statement that it is a party which is making the NFC Representation. References to “party which is a NFC+ Party making the NFC Representation” shall not be applicable to this Confirmation. (ii) Dealer confirms that it is a party that does not make the NFC Representation. Company confirms that it is a party making the NFC Representation.

EMIR Classification and NFC Representation. The section entitled “NFC Representation” as set out in the Attachment to the ISDA 2013 EMIR NFC Representation Protocol as published by the International Swaps and Derivatives Association on 8 March 2013 (the “EMIR Classification Protocol”) shall be incorporated by reference to this Confirmation but with the following amendments: (i) References to a party adhering, a party’s adherence or a party having adhered to the EMIR Classification Protocol as a “party making the NFC Representation” will be construed as Company executing this Confirmation while making the statement that it is a party which is making the NFC Representation. References to “party which is a NFC+ Party making the NFC Representation” shall not be applicable to this Confirmation. (ii) Dealer confirms that it is a party that does not make the NFC Representation. Company confirms that it is a party making the NFC Representation. (iii) Unless otherwise specified by the relevant party, for the purposes of the definition of “effectively delivered”: