FORMALISED PROCESSES FOR PORTFOLIO RECONCILIATION AND DISPUTE RESOLUTION Sample Clauses

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.

  • 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.

  • Mini-Bid Dispute Resolution Process If the Authorized User does not have a dispute resolution policy, please refer to OSC or OGS dispute resolution policy for guidance in creating a policy. In the event the Contractor has any disputes with the Authorized User, the Contractor shall so notify the Authorized User in writing. If either party notifies the other of such dispute, the other party shall then make good faith efforts to solve the problem or settle the dispute amicably, including meeting with the party’s representatives to attempt diligently to reach a satisfactory result through negotiation. In the event that the Contractor and the Authorized User are unable to resolve a conflict through negotiation, then both parties will comply with the Authorized User’s stated dispute resolution policy which must be included as part of the Authorized User Agreement. If the conflict is still unresolved, please refer to section 4.2.1.II.A.3 for guidance. Mini-Bid Proposal Validity All Contractor responses to Authorized User Mini-Bids must remain open and valid for at least 60 days from the Mini-Bid opening date, unless the time for awarding the Authorized User Agreement is extended by mutual consent of the Authorized User and the Contractor. A Contractor’s Mini-Bid response shall continue to remain an effective offer, firm and irrevocable, subsequent to such 60 day period until either tentative award of the Authorized User Agreement by the Authorized User is made or withdrawal of the Contractor response in writing by the Contractor. Tentative award of the Authorized User Agreement shall consist of written notice to that effect by an Authorized User to a successful Contractor, who shall thereupon be obligated to execute a formal Authorized User Agreement. SIGNATURE PAGE

  • Amicable Settlement and Dispute Resolution i. Either Party is entitled to raise any claim, dispute or difference of whatever nature arising under, out of or in connection with this Agreement ( “Dispute”) by giving a written notice (Dispute Notice) to the other Party, which shall contain:

  • Governing Law and Dispute Resolution Procedure 34.1 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.

  • 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.

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