Examples of BNPPSC in a sentence
This shared services entity conducts back office operations, IT, and other operational support in support of BNPPSC, BNPP PBI and BNPP NY Branch.
BNPPSC is a wholly owned subsidiary of BNP Paribas North America, Inc.
The strategic analysis focuses on an orderly wind-down of BNPPSC, BNPP PBI and the BNPP NY Branch and the sale of BOW in a manner that would minimize any market disruptions.
For the avoidance of doubt, any performance by Dealer of its obligations to Company hereunder solely to BNPPSC shall not relieve Dealer of such obligations.
The strategy to resolve BNPP’s operations in the US is organized around the resolution of BNPPSC, BNPP PBI, BNPP NY Branch and BOW.
Consistent with the requirements provided in the 165(d) Rule, BNPP has prepared a strategic analysis consisting of resolution strategies for its MEs, Core BLs, and critical operations in the event of the failure of BNPP SA and the MEs.The strategic analysis has been developed under the assumptions required by the US regulators and assumes that BNPPSC, BNPP PBI, BNPP NY Branch and BOW experience a 30-day period of financial distress prior to the point of entering resolution.
For the avoidance of doubt, any performance by Dealer of its obligations to Counterparty hereunder solely to BNPPSC shall not relieve Dealer of such obligations.
After BNPPSC sends a Facility Modification Notice, Customer may not substitute any collateral, provided that BNPPSC may permit substitutions (the terms of which shall be determined by BNPPSC in its sole discretion) upon request, which permission shall not be unreasonably withheld.
BOW and FHB offer a range of banking products and services to individuals, small to mid-size businesses, and large corporate clients. US Government Securities TradingUS Government Securities Trading, conducted by BNPPSC, provides BNPP with strategic access to US origination and distribution of US Treasury and Government Sponsored Entity (“GSE”)-backed securities.
The MEs would be resolved as follows:⮚ BNPPSC would be wound down after the initiation of a Securities Investor Protection Act (“SIPA”) proceeding by a trustee appointed by Securities Investor Protection Corporation (“SIPC Trustee”).