Examples of Failing Party in a sentence
Proxies associated with peer-reviewed papers like this are highlighted in purple in the CPI and proxy spreadsheet.
Fund A, Fund B, and Fund C would each be considered to be a distinct Failing Party.
The transactions executed on Fund E’s behalf by Asset Manager 5, Asset Manager 6, and Asset Manager 7 would each be considered to be transactions entered into by Securities Dealer LLC with a distinct Failing Party.
Furthermore, in any such transaction, any failure by the Borrower to transfer Loaned Securities to the Lender by the Cutoff Time on the termination date of the Loan constitutes a Delivery Failure, and in such event the Contractual Settlement Date is the termination date of the Loan, the Failing Party is the Borrower, the Non-Failing Party is the Lender and the Trade Proceeds are the Market Value on the date such Delivery Failure began of the Collateral for the Loan.
In respect of any cash market transaction in which the securities agreed to be sold are Agency Debt or Agency MBS and to which this Trading Practice applies, any failure by the seller to transfer those securities to the buyer by the scheduled settlement date constitutes a Delivery Failure, and in such event the Contractual Settlement Date is the scheduled settlement date, the Failing Party is the seller, the Non-Failing Party is the buyer and the Trade Proceeds are the purchase price for those securities.