OTC Derivative Contract definition
OTC Derivative Contract means any contract of a type that Bank, acting reasonably, determines to be an over-the-counter derivative.
OTC Derivative Contract means any contract of a type that J.P. Morgan, acting reasonably, determines to be an over-the-counter derivative.
OTC Derivative Contract shall bear the meaning ascribed to it by EMIR.
Examples of OTC Derivative Contract in a sentence
Under certain market conditions it may be difficult or impossible to close out an OTC Derivative Contract Position.
This daily position management process shall include the setting up each OTC Derivative Contract on the system and amending the OTC Derivative Contract as reasonably required to reflect, without limitation, cancellations, terminations, option exercises and option expiries, maturities or credit events as notified to the Bank by the Customer.
The Bank shall also support cash break resolution, manage the reconciliation of trades, positions and cashflows related to the OTC Derivative Contract as well as provide the Customer with associated cashflow and lifecycle reporting.
More Definitions of OTC Derivative Contract
OTC Derivative Contract means a derivative contract concluded “over the counter” between the Client and FNB SPM, which may include CFDs or other OTC derivative transactions such as options;
OTC Derivative Contract means any contract of a type that J.▇. ▇▇▇▇▇▇, acting reasonably, determines to be an over-the-counter derivative. AXA Equitable Funds Management Group Fund Services Agreement April 2015
OTC Derivative Contract means any contract of a type that ▇.▇. ▇▇▇▇▇▇, acting reasonably, determines to be an over-the-counter derivative. “Prospectus” means the prospectus of the applicable Fund as supplemented, updated or amended from time to time. “Registration Statement” means the registration statement on Form N-1A or Form N-2 of the applicable Fund, filed under the 1933 Act and the 1940 Act, as amended or supplemented, updated or amended from time to time. “SEC” means the United States Securities and Exchange Commission. “Security Procedure” means any security procedure to be followed by Customer upon the issuance of an Instruction and/or by ▇.▇. ▇▇▇▇▇▇ upon the receipt of an Instruction, so as to enable ▇.▇. ▇▇▇▇▇▇ to verify that such Instruction is authorized, as set forth in the operating procedures documentation in effect from time to time between the parties with respect to the services set forth in this Agreement, or as otherwise agreed in writing by the parties. A Security Procedure may, without limitation, involve the use of algorithms, codes, passwords, encryption and telephone call backs and may be updated by ▇.▇. ▇▇▇▇▇▇ from time to time upon notice to the Customer. The Customer acknowledges that Security Procedures are designed to verify the authenticity of, and not detect errors in, Instructions. For the avoidance of doubt, the parties agree that a SWIFT message issued in the name of the Customer through any third party utility agreed upon by the parties as being a method for providing Instructions and authenticated in accordance with that utility’s customary procedures, shall be deemed to be an authorized Instruction; provided that nothing in the foregoing clause shall require Customer to use SWIFT messaging as a method for providing Instructions. Fund Services Agreement - US Mutual Funds - June 2016
OTC Derivative Contract means interest rate, total return, equity and other swap agreements, forward rate agreements, futures contracts, options of any kind, other financial arrangements which would generally be accepted in the financial markets as constituting an OTC derivative contract.