Examples of FCM in a sentence

In addition, the FCM Agreement will provide that, in carrying out its duties as the Funds’ Approved Foreign Custody Manager, the Delegate will exercise reasonable care, prudence and diligence such as a person having responsibility for safekeeping of the Funds’ Assets would exercise.
The FCM Agreement may provide that the Delegate will prepare such a report with respect to any Eligible Foreign Custodian that the Delegate has been instructed to use pursuant to Section 7 hereunder only to the extent specifically agreed with respect to the particular situation.
Each Fund, acting through its Board of Directors or Trustees (the Board), or its duly authorized representative, hereby instructs the Custodian to enter into the FCM Agreement with the Delegate to place and maintain the Fund’s Assets in countries outside the United States.
The FCM Agreement shall direct the Delegate to monitor the continuing appropriateness of placement of each Fund’s Assets in accordance with the criteria established under Section 3(a) of this Delegation Agreement and such Eligible Foreign Custodian’s actual performance in accordance with the written contract as provided in Section 3(b) of this Delegation Agreement.
The Custodian acknowledges and agrees the Funds are and shall be third party beneficiaries to the FCM Agreement.

More Definitions of FCM

FCM means futures commission merchant as defined under Section 1a(28) of the CEA.

FCM means a futures commission merchant registered with the U.S. CFTC.

FCM means a futures commission merchant as defined in the CEA and CFTC Rules and registered with the CFTC as such.

FCM means futures commission merchant as defined under Section 1a(28) of the CEA and CFTC Regulation 1.3.

FCM means the Forward Capacity Market described in the ISO-NE Tariff, which includes a mechanism for procuring capacity in the New England Control Area, or any successor thereto. [Provision included to the extent the proposal contemplates an FCM commitment]