Global Exposure definition
Examples of Global Exposure in a sentence
Global Exposure using the Commitment Approach is expressed as an absolute percentage of total net assets.
In relation to financial derivative instruments the SICAV must employ a process (or processes) for accurate and independent assessment of the value of OTC derivatives and the SICAV shall ensure for each Portfolio that its Global Exposure relating to financial derivative instruments does not exceed the total net value of its portfolio.
In addition, the SICAV shall comply in respect of its assets with the following investment restrictions per instrument:Except as otherwise stated therein, each Portfolio shall ensure that its Global Exposure relating to financial derivative instruments does not exceed its total net value.
The ACD calculates Global Exposure using either the Value at Risk (“VaR”) approach or the Commitment Approach, depending on which methodology is considered appropriate by the ACD.
The Global Exposure calculation is performed on a daily basis.In no circumstances will the global exposure of the Fund exceed 100% of its Net Asset Value.
The ACD will ensure that the Global Exposure of a Fund relating to derivatives that it holds for investment purposes does not exceed the value of the Fund.
Further information about the Global Exposure of the Funds is set out in paragraphs 40 to 43 of Appendix II of this Prospectus.
Calculation of Global Exposure and Expected Level of Leverage The table below sets out for this Portfolio the information mentioned in Section 3 “Goldman Sachs Funds – Calculation of Global Exposure and Expected Level of Leverage” of the Supplement.
Sub-Fund exclusively offered for subscription to institutional investors who are companies of the Intesa Sanpaolo Group.Risk transparency:• Global Exposure Determination Methodology: commitment approachRisk profile of the typical investor:This Sub-Fund is suitable for investors who search long- term investments.
The main recognised risk areas are: Market Risk; Credit Risk; Liquidity Risk; Operational Risk and the Calculation of Global Exposure.