Commitment Approach means a method for calculating leverage which takes into account the exposure of the Fund to derivative instruments with the exclusion of derivative instruments which are used for reducing risk
Commitment Approach means the methodology which may be used in the risk management process of certain Funds as disclosed in the relevant Supplement to calculate exposure to derivatives in accordance with the Central Bank’s requirements. The commitment approach calculates exposure as a result of the use of derivatives by converting the derivatives into the equivalent positions of the underlying assets.
Commitment Approach means the commitment approach for calculating global
Examples of Commitment Approach in a sentence
The Fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.Risk management measure used: Commitment Approach.
The ACD may apply other calculation methods which are equivalent to the standard Commitment Approach.
The ACD must calculate the issuer concentration limits referred to in paragraph 14.8 on the basis of the underlying exposure created through the use of OTC derivatives pursuant to the Commitment Approach.
Where the Commitment Approach is used, temporary borrowing arrangements entered into on behalf of the Fund need not form part of the Global Exposure calculation.
The Commitment Approach measures the market value of a Fund’s underlying exposure.
More Definitions of Commitment Approach
Commitment Approach means exposures to FDIs are calculated by converting the
Commitment Approach means a method for calculating leverage which takes into account the exposure of the Fund to derivative instruments with the
Commitment Approach means the commitment approach for calculating global exposure as described under "Overall Risk Exposure and Management" below. “Collateral Monitor” means RBS (Luxembourg) S.A. "Company Law"
Commitment Approach means the methodology which may be used in the risk
Commitment Approach means a methodology for calculating exposure that considers the effective exposure of derivatives to, and takes an aggregate view of, securities with the same or similar underlying exposure, where the total commitment is considered to be the sum of the absolute value of the commitment of each individual position, including derivatives after taking into account netting and hedging;
Commitment Approach means a method for calculating leverage which takes into account the ex posure of the Fund to deriv ative instruments with the ex clusion of derivative instruments which are used for reducing risk (i.e. deriv ative instruments used for hedging and netting purposes).
Commitment Approach means the commitment approach for calculating global exposure as described under "Overall Risk Exposure and Management" below. “Collateral Monitor” means RBS (Luxembourg) S.A. "Company Law" means the Luxembourg law of 10 August 1915 on Commercial Companies, as amended. "Custodian" means The Bank of New York Mellon (Luxembourg) S.A. “Distributing Share classes” means classes of Shares in relation to which income is distributed. "Eligible Assets Directive" means Commission Directive 2007/16/EC of 19 March 2007 implementing Council Directive 85/611/EEC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards the clarification of certain definitions. “Equivalent Third Country” means any Other State which imposes requirements equivalent to those laid down by the Luxembourg law of12 November 2004 on the fight against money laundering and terrorist financing, as amended, or Directive 2005/60/EC of 26 October 2005 of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, as amended. “ESMA” means the European Securities and Markets Authority. “ESMA Guidelines 2014/937” means the guidelines on ETFs and other UCITS issues published on 1 August 2014 by ESMA and entered into force on 1 October 2014. "EU" means European Union. "Euro" means the legal currency of the countries participating in the European Economic and Monetary Union. "Execution Agent" means any entity appointed from time to time by the Investment Administrator as execution agent for one or more Portfolios of the Umbrella Fund listed under section “Specific Provisions on Passive Portfolio Management” below, under the responsibility of the Investment Administrator. “Fully Funded Swap Agreement” means a Swap Agreement where (i) the investment proceeds are transferred by the Portfolio to the Swap Counterparty, in exchange of which the Portfolio will receive from the Swap Counterparty payment of the performance of the underlying asset, and (ii) the Swap Counterparty deposits securities as collateral with a third-party custodian. "Global Distributor" means Goldman Sachs International. “Goldman Sachs” means, unless the context requires otherwise, The Goldman Sachs Group, Inc and its affiliates.