Risk Management and Solvency II Service Standard Service Measurement Sample Clauses

Risk Management and Solvency II Service Standard Service Measurement. The Manager shall: • Act as liaison between the Company and the GFSC on Solvency II matters Report quarterly to the Board Audit • Keep the Company informed of general and Gibraltar-specific Solvency II developments Report quarterly to the Board Audit • Ensure that the Company’s views on Solvency II matters are appropriately represented within the Gibraltar insurance industry Report quarterly to the Board Audit • Engage with the Board of Directors to establish and maintain an appropriate risk management framework. This to encompass: • Articulating and documenting the overall business strategy. • Articulating and documenting risk strategy. • Developing and documenting risk appetite and risk measures/limits. • Developing risk appetite reports. • Reporting to the Board on risk appetites and limits on an agreed basis. • Compiling and maintaining a risk register. • Compiling and maintaining a risk events log. • Assist with developing appropriate policies, processes and procedures. Risk Register to be up-dated at least six monthly or more frequently if required. Audit • Work with the Board of Directors in developing an ORSA. This to encompass: • Developing overall ORSA policy and framework. • Assisting with determining appropriate stress and scenario tests. • Assisting with the development of a long-term business plan. • Developing the ORSA documentation. • Developing ORSA reports – internal and external. • Assisting with the periodic completion of the ORSA. • Documenting each ORSA iteration. • Submitting relevant information to the GFSC. • Dealing with regulatory queries with regard to the ORSA. Report quarterly to the Board and prepare document for annual submission to the GFSC Audit • Work with the Board and management to calculate the Company’s current and projected Solvency Capital Requirements. This to encompass: • Availability of SCR model acquired by Quest. • Assisting management with extracting the required information. • Advising management on SCR considerations, such as the use of Undertaking Specific Parameters. • Discussing SCR outcome with the Board. • Dealing with regulatory queries with regard to the SCR calculation. Report quarterly to the Board and prepare document for annual submission to the GFSC Audit • Work with the Board and management in producing regulatory and public reports. This to encompass: • Assisting with the calculation of technical provisions • Re-stating other balance sheet items where required • Assisting with completion of the...
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Related to Risk Management and Solvency II Service Standard Service Measurement

  • 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.

  • Liquidity Risk Measurement Services Not Applicable.

  • Measurement and Monitoring Tools As of the Effective date, Vendor and Prudential will mutually agree on the measurements and service level management procedures, pursuant to the governance procedures set forth in Attachment G and performance standards set forth in Attachment E-1 and E-2, to measure Vendor's performance of the Services against the applicable Service Levels. Such measurement and monitoring tools and procedures will (a) for Attachment E-1, be implemented upon the Effective Date; (b) for Attachment E-2, be implemented after successful completion of all testing and written acceptance by Prudential of the Transition Services set forth in Attachment B-1; (c) permit reporting at a level of detail sufficient to verify compliance with the Service Levels; and (d) be subject to audit by Prudential or its designee in accordance with the Agreement, except such audit will not include the installation of any audit software on Vendor's network.

  • 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.

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

  • 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.

  • 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).

  • 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.

  • Performance Standards The Custodian shall use its best efforts to perform its duties hereunder in accordance with the standards set forth in Schedule C hereto. Schedule C may be amended from time to time as agreed to by the Custodian and the Trustees of the Fund.

  • Service Levels (1) DTI shall perform the Services in accordance with the service levels (the "Service Levels") as may be agreed to from time to time in writing by DTI and the Funds (the "Service Level Agreement"). Failure to perform in a manner which equals or exceeds the Service Levels shall result in fee credits ("Fee Credits") or the Funds' right to terminate this Agreement, as set forth in the Service Level Agreement.

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