Extension Trades Clause Samples
The EXTENSION TRADES clause allows parties to extend the settlement or performance date of a trade beyond its original schedule. In practice, this means that if both parties agree, the delivery or payment obligations can be postponed to a later date, often to accommodate unforeseen delays or to align with new business needs. This clause provides flexibility in trade execution, helping parties manage timing issues and avoid defaults due to temporary obstacles.
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Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. Table of Contents By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 Table of Contents
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. In such cases the gain, as measured by the excess of the sale price over the amortized cost of the holding being sold, shall be subject to the earnings sharing arrangement between JPMorgan and Lender as set out in the Bank compensation (or analogous) section of the Securities Lending Agreement to which these guidelines are annexed. By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. Table of Contents By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 Table of Contents
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. Table of Contents By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 JPMorgan Investment Trust on behalf of its series listed above: By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: August 26, 2005 Table of Contents
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. In such cases the gain, as measured by the excess of the sale price over the amortized cost of the holding being sold, shall be subject to the earnings sharing arrangement between JPMorgan and Lender as set out in the Bank compensation (or analogous) section of the Securities Lending Agreement to which these guidelines are annexed. By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ • ABN AMRO Inc. • ABN AMRO Bank N.V., New York Branch • ABN AMRO Sage Corporation • Alpine Associates • Abbey National Securities Inc. • Banc of America Securities LLC • Banc One Capital Markets, Inc. • Barclays Capital, Inc. • Bear ▇▇▇▇▇▇▇ & Co., Inc. • Bear ▇▇▇▇▇▇▇ Securities Corp • Bleichroeder (▇▇▇▇▇▇▇ & S.), Inc. • ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corp. • BNP Paribas Securities Corp. • Cantor, ▇▇▇▇▇▇▇▇▇▇ Securitie • CIBC World Markets Corp. • Citadel Trading Group L.L.C. • Citigroup Global Markets Inc. • Commerzbank Capital Markets Corporation • Credit Lyonnais Securities (USA) Inc. • Credit Suisse First Boston LLC • Deutsche Bank Securities Inc. • Dresdner Kleinwort ▇▇▇▇▇▇▇▇▇▇▇ Securities LLC • Fimat USA, Inc. • Fortis Securities, LLC
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. **************** Each Lender should regularly analyze these guidelines to determine their continued appropriateness, recognizing that all investments bear risk and that return of principal is not assured. Please indicate your acceptance of these guidelines by signing in the space provided below. JPMorgan Institutional Trust on behalf of its series listed above: By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Senior Vice President Date: September 26, 2005 Repurchase Agreement Guidelines
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. Each Lender should regularly analyze these guidelines to determine their continued appropriateness, recognizing that all investments bear risk and that return of principal is not assured. Please indicate your acceptance of these guidelines by signing in the space provided below. Date: September 26, 2005
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an “extension trade”). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. In such cases the gain, as measured by the excess of the sale price over the amortized cost of the holding being sold, shall be subject to the earnings sharing arrangement between and Lender as set out in the Agent compensation (or analogous) section of the Agreement to which these guidelines are annexed. By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Name: Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: President Date: Schedule IV to the Global Securities Lending Agency Agreement, Between CITIBANK, N.A., As the Agent and the Lender Pursuant to section 8.b. of the Agency Agreement, the Lender agrees to pay to the Agent 30% of (i) the investment income (net of rebates) on cash Collateral delivered to the Agent on the Lender’s behalf in respect of any Loans by the Borrowers and (ii) fees paid by a Borrower with respect to a Loan for which non-cash Collateral is provided. Schedule V to the Global Securities Lending Agency Agreement, Between CITIBANK, N.A., As the Agent and the Lender
1. Daily deadlines for the Lender’s requests to terminate a loan under Section 9.b. of the Agency Agreement are as follows: o For U.S. Equities and U.S. Corporate bonds via DTC it is 12:30 PM – automated via DTC o For U.S. Governments via the Fed it is 9AM EST. o For European loans that are to be returned same day – 8 AM EST o For European loans that are to be returned next day – close of business day prior o For Latin American loans that are to be returned same day – 10 AM EST o For all other markets – close of business day (EST) prior or as specifically stated in Annex 2 to Schedule VII for the markets indicated therein. Schedule VI to the Global Securities Lending Agency Agreement, Between CITIBANK, N.A., As the Agent and the Lender US Securities Master Securities Lending Agreement (1984) * Note: Agent shall provide Lender with a copy of the applicable Lending Agreement upon request. Schedule VII to the Global Securities Lending Agency Agreement, Between CITIBANK, N.A., As the Agent and the Lender
A. Office of Agent in which relationship and transactions for Lender are managed: Citibank, N.A. New York Branch
B. Notices: If to Agent: Citibank, N.A. Securities Finance ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Tel: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇...
Extension Trades. From time to time a particular holding may be sold and a different issue purchased in its stead (an "extension trade"). An extension trade allows the seller to realize a gain on the issue being sold, while reinvesting the proceeds (ex the gain) into other paper. In such cases the gain, as measured by the excess of the sale price over the amortized cost of the holding being sold, shall be subject to the earnings sharing arrangement between JPMorgan and Lender as set out in the Bank compensation (or analogous) section of the Securities Lending Agreement to which these guidelines are annexed. **************** Each Lender should regularly analyze these guidelines to determine their continued appropriateness, recognizing that all investments bear risk and that return of principal is not assured. Please indicate your acceptance of these guidelines by signing in the space provided below. By: --------------------------------- Name: ------------------------------- Title: ------------------------------ Date: ------------------------------- APPENDIX 2 JPMORGAN CHASE BANK SECURITIES LENDING APPROVED BORROWERS BORROWERS LOCATED IN THE U.S. - ABN AMRO Inc. - ABN AMRO Bank N.V., New York Branch - ABN AMRO Sage Corporation - Alpine Associates - Abbey National Securities Inc. - Banc of America Securities LLC - Banc One Capital Markets, Inc. - Barclays Capital, Inc. - Bear Stearns & Co., Inc. - Bear Stearns Securities Corp - Bleichroede▇ (▇▇▇▇old & S.), Inc. - Ha▇▇▇▇ ▇▇sbitt Corp. - BNP Paribas Securit▇▇▇ ▇▇▇p. - Cantor, Fi▇▇▇▇▇▇▇▇ ▇▇▇▇▇itie - CIBC World Markets Corp. - Citadel Tradin▇ ▇▇▇▇▇ ▇.L.C. - Citigroup Global Markets Inc. - Commerzbank Capital Markets Corporation - Credit Lyonnais Securities (USA) Inc. - Credit Suisse First Boston LLC - Deutsche Bank Securities Inc. - Dresdner Kleinwort Wasserstein Securities LLC - Fimat USA, Inc. - Fortis Securities, ▇▇▇ - G.X. Clarke & Co. - Garban Corporates, LLC - Garban LLC - Goldman, ▇▇▇▇▇ & Co. - Greenwich Capital Markets, Inc. - HSBC Se▇▇▇▇▇▇▇s,(▇▇▇) Inc. - HBK Global Securities L.P. - ING Financial Markets LLC - JPMorgan Chase Bank** - JPMorgan Securities Inc. ** - Jefferies & Company, Inc. - KDC MERGER ARBITRAGE FUND, L.P. - La▇▇▇▇▇▇▇ ▇inancial Services, Inc. - Lazard Freres & Co. LLC - L▇▇▇ ▇▇▇▇▇ Wood Walker, Inc. - Lehman Brothers Inc - Maple Secur▇▇▇▇s ▇▇▇ ▇▇▇. - ▇▇rrill Lynch ▇▇▇▇▇▇ment Securities Inc. - Merrill Lynch, Pierce, F▇▇▇▇▇ & ▇▇▇▇▇ Inc. - Mesirow Financial - ▇▇▇▇▇▇ Securities USA, ▇▇▇. - ▇▇▇gan Stanley & Co. ...