OP Financial Group definition

OP Financial Group means (a) OP Financial Group Central Cooperative, (b) the member cooperative banks of the financial consortium of OP Cooperative (the “Cooperative Banks”),(c) OP Corporate Bank Group, (d) the subsidiaries of the OP Cooperative (whether existing as at the Issue Date or incorporated thereafter), and (e) the member credit institutions referred to in Chapter 1 Section 2 of the Amalgamations Act, other than the Cooperative Banks, as existing from time to time (including but not limited to, Helsinki Area Cooperative Bank, OP Card Company Plc and OP Mortgage Bank).
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OP Financial Group means OP Cooperative, its financial and non-financial subsidiaries and Member Cooperative Banks.
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OP Financial Group means the statutory consortium (Fi: yhteenliittymä) as referred to in Section 2 of the Finnish Act on Amalgamations of Deposit Banks (Laki talletuspankkien yhteenliittymästä 599/2010, as amended) comprising (a) the OP Cooperative, (b) the member cooperative banks and other credit institutions being members of the OP Cooperative and (c) the companies belonging to the consolidation groups of the OP Cooperative and such member credit institutions; Outstanding means, in relation to the Notes of any Series, all the Notes issued other than:
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Examples of OP Financial Group in a sentence

  • The subscription terms and conditions may vary in terms of the subscription amount, investment horizon, distribution channel, geographical region or total customer relationship with OP Financial Group.

  • The company is part of an amalgamation of cooperative banks (OP Financial Group).

  • In order to ensure uniformity in the accounting policies of entities within OP Financial Group, OP Cooperative shall issue guidelines on the preparation of financial statements to its member credit institutions.

  • At OP Financial Group, the first line and the second line of defence in risk management cooperate on an ongoing basis.

  • The ECB has set a capital requirement for OP Financial Group based on the supervisory review and evaluation process (SREP).

  • The Controller function within OP Financial Group also produces earnings forecasts and analyses the actual outcome in comparison with the forecasts and reports on any deviations.

  • The central cooperative’s Supervisory Board confirms the Group-level principles of internal control that all OP Financial Group entities follow.

  • OP MB belongs to OP Financial Group, and OP MB’s accounts are included in its consolidated financial statements.

  • OP Fund Management Company Ltd will pay 33% of the annual management fee to the relevant OP Financial Group branch as long as the related capital remains invested in the fund.

  • The different financial management units subordinate to OP Financial Group’s CFO take charge of not only the preparation of interim and annual accounts for OP Financial Group and Group entities, as required by financial accounting, but also of the production of management ac- counting reports, such as monthly reports on business performance.


More Definitions of OP Financial Group

OP Financial Group means OP Cooperative as the OP Financial Group’s central body and its financial and non-financial subsidiaries and the Member Cooperative Banks; Outstanding means, in relation to the Bonds of any Series, all the Bonds issued other than:
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OP Financial Group means (a) OP Financial Group Central Cooperative, (b) the member cooperative banks of the financial consortium of OP Cooperative (the "Cooperative Banks"),
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Related to OP Financial Group

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • past financial year means the financial year preceding the current year;

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;

  • Annual Financial Information means annual financial information as such term is used in paragraph (b)(5)(i) of the Rule and specified in Section 3(a) of this Disclosure Agreement.

  • parent financial holding company in a Member State means a financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in the same Member State;

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Other Founding Companies means all of the Founding Companies other than the Company.

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • Company Financial Information As defined in Section 2(a)(ii).

  • Financial Period means a period for which a profit and loss account of a company is made up in accordance with this Law;

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Peer Companies means the following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & Xxxxxxx AstraZeneca Merck Biogen Novartis Celgene Pfizer Xxx Xxxxx Xxxxx Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.