Financial Management Service Standard Service Measurement Sample Clauses

Financial Management Service Standard Service Measurement. The Manager shall: • Assist with and provide input to, based on information provided by the Company, the preparation of an annual business plan, ensuring this is in a format suitable both for the Company’s and for regulatory purposes, and submit the plan to the GFSC within the required timeframe. Provide statistical analysis of all insurance classes. Calculate Solvency Requirements Review all IBNR/Loss Ratios as advised by the Actuary Audit • Ensure the Company has in place an appropriate system of financial accounting and controls to meet its business, statutory and regulatory needs. Accurate Profit Loss, Balance Sheet produced. Supporting Calculations for Management Accounts in accordance with Business Plan provided. Audit • Maintain, based on information provided by the Company, all financial books and records of the Company and undertake input of monthly bookings to REGIS and/or other accounting systems used by the Company from time to time. As Above Audit • Prepare Quarterly management accounts based on the financial books and records in accordance with Generally Accepted Accounting Principles and in a format and within timescales as agreed between the parties. Such management accounts to include comparison against budget as set out in the business plan and to be submitted to the Board of Directors of the Company. Quarterly management accounts to be available to the Company within 5 working days of receipt of the relevant complete inputs from all relevant providers. The Company to review and sign off quarterly management accounts within 3 working days of receipt from the Manager. Audit • Prepare accounts for submission to reinsurers and/or co-insurers and make payments to reinsurers and/or co-insurers on the basis of such accounts when required to do so by the Company. Respond to the Company or the Company’s reinsurance broker within 2 working days of any request Audit and feedback from reinsurance broker • Complete the solvency calculation and returns required by the GFSC under the current Solvency I requirements and, when in force, the applicable Solvency II requirements, and submit same to the GFSC. Solvency calculations to be available to the Company within 5 working days of receipt of the relevant complete inputs from all relevant providers. The Company to review and sign off solvency calculations within 3 working days of receipt from the Manager. Audit • Prepare annual financial statements for auditing by the Company’s external auditors. Ensure ...
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Related to Financial Management Service Standard Service Measurement

  • Liquidity Risk Measurement Services Not Applicable.

  • Quality Service Standards/NAV Errors Price Associates and the Fund may, from time to time, agree to certain quality service standards, with respect to the Services hereunder. In the event Price Associates is the party responsible for causing an error in the computation of the net asset value for a Fund or share class of a Fund (“NAV Error”), the actions that are required to be taken as to such NAV Error shall be made in accordance with the Fund’s Net Asset Value Error Correction Policy and Procedures (“NAV Error Policy”) attached hereto as Schedule II.

  • Service Standards Midstream Co shall, at its sole cost and expense, design, construct (as applicable), and own the Individual System in a good and workmanlike manner and in accordance with the System Plan and this Section 3.2. Until such time as Producer has delivered a Development Report, Midstream Co shall have no obligation under this Section 3.2(a).

  • Description of Administration Services on a Continuous Basis PFPC will perform the following administration services with respect to each Portfolio:

  • Standard Services Landlord shall provide the following services on all days (unless otherwise stated below): (a) subject to limitations imposed by Law, customary heating, ventilation and air conditioning (“HVAC”) in season during Building HVAC Hours; (b) electricity supplied by the applicable public utility, stubbed to the Premises; (c) water supplied by the applicable public utility (i) for use in lavatories and any drinking facilities located in Common Areas within the Building, and (ii) stubbed to the Building core for use in any plumbing fixtures located in the Premises; (d) janitorial services to the Premises, except on weekends and Holidays; (e) elevator service (subject to scheduling by Landlord, and payment of Landlord’s standard usage fee, for any freight service); and (f) access to the Building for Tenant and its employees, 24 hours per day/7 days per week, subject to the terms hereof and such security or monitoring systems as Landlord may reasonably impose, including sign-in procedures and/or presentation of identification cards.

  • Bank Provides Diverse Financial Services and May Generate Profits as a Result Customer acknowledges that Bank or its Affiliates may have a material interest in transactions entered into by Customer with respect to the Account or that circumstances are such that Bank may have a potential conflict of duty or interest. For example, Bank or its Affiliates may act as a market maker in the Financial Assets to which Instructions relate, provide brokerage services to other customers, act as financial adviser to the issuer of such Financial Assets, act in the same transaction as agent for more than one customer, have a material interest in the issue of the Financial Assets, or earn profits from any of these activities. Customer acknowledges that Bank or its Affiliates may be in possession of information tending to show that the Instructions received may not be in the best interests of Customer. Bank is not under any duty to disclose any such information.

  • Exit Services The following services will be provided upon receipt of a Termination Notice to exit from this Service. Service # Service Name Description of Service Service Charge ($/hour) IT-Infinium-04 Infinium Migration Service Provider will make commercially reasonable best efforts to assist Service Receiver in exiting of this agreement. These efforts include: • Support of data extraction requests from the Service Receiver • Providing Subject Matter Expertise in helping the Service Receiver understand current state data schema and configuration details Time and Materials Based on Additional Pricing Section IT-Infinium-05 Infinium Knowledge Transfer Service Provider will provide the following knowledge transfer services: • Existing non-sensitive documentation maintained by the Service Provider will be given to the Service Receiver as it relates to the Infinium Application and related interfaces Time and Materials Based on Additional Pricing Section

  • Change Management BNY Mellon shall require that changes to its network or software used to provide the services are tested and applied pursuant to a documented change management process.

  • Quality Service Standards Price Services and the Fund may from time to time agree to certain quality service standards, as well as incentives and penalties with respect to Price Services’ Services hereunder.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

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