Procedural accuracy definition

Procedural accuracy means compliance with procedures intended to ensure the material accuracy of the transaction, i.e. compliance with rules which allow, at least potentially, that a related-party transaction will not unduly prejudice the interests of YNAP and its investors. In particular, the essential elements of procedural accuracy are the following: (i) compliance with rules on the approval of related-party transactions; (ii) the information provided to persons called to authorise the transaction, who must always be informed of the existence of a relationship (type, origin and scope) and its possible influence on the decision to execute the transaction and define its terms and conditions; (iii) justification for the issuer’s motives – on the basis of articles 2391 and 2497-ter of the Italian Civil Code in relation to transactions concluded in the presence of a director with involvement, or in the case of company direction and coordination – so that the influence of the relationship on the definition of the terms of the transaction can be evaluated.
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Examples of Procedural accuracy in a sentence

  • Total at risk divided equally between all measures Definition Procedural accuracy rate of not less than the designated percent.

  • Procedural Accuracy 98% Via audit of 100% of STD claim decisions in reporting period Total number of procedures handled correctly / Total number of procedural requirements Annually Annually Procedural accuracy is how accurately the claim was handled.

  • Office Level Annually Payment Period Annually Fees at Risk Dollars at Risk for this metric $8,940 Payment Amount Of the Fees at Risk for this metric, percentage at risk for each gradient 20% Gradients 99.29% - 99.06% 99.05% - 98.81% 98.80% - 98.56% 98.55% - 98.30% Below 98.30 Definition Procedural accuracy rate of not less than the designated percent.

  • Level Office Level Period Annually Payment Period Annually Fees at Risk Total Dollars at Risk for this metric $92,857 Payment Amount Of the Fees at Risk for this metric, percentage at risk for each gradient 20% Gradients 98.99% - 98.50% 98.49% - 98.00% 97.99% - 97.50% 97.49% - 97.00 Below 97.00% Definition Procedural accuracy rate of not less than the designated percent.

  • Office Level Annually Payment Period Annually Fees at Risk Total Dollars at Risk for this metric $11,429 Payment Amount Of the Fees at Risk for this metric, percentage at risk for each gradient 20% Gradients 98.99%-98.50% 98.49%-98.00% 97.99%-97.50% 97.49%-97.00% Below 97.00% Definition Procedural accuracy rate of not less than the designated percent.

  • Annually Annually $600 Procedural accuracy is how accurately the claim was handled.