Swap Advisor definition

Swap Advisor means an individual or entity that provides advisory services with experience in the area of derivative transactions for issuers of debt. A Swap Advisor’s fiduciary duty in a transaction must strictly be only to the Governmental Entity. The Swap Advisor must disclose to the Governmental Entity all relationships to any other transaction participant outside of the transaction. In the case of a conduit financing, the conduit issuer, its staff, consultants and contractors shall not serve as the Swap Advisor to the borrower. A Swap Advisor may serve also as the Governmental Entity's Financial Advisor.
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Swap Advisor means a third party professional registered with the SEC as a swap advisor that provides hedge advisory services, with demonstrated experience with municipal derivatives and which qualifies as a Qualified Independent Representative (“QIR”) in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and makes necessary representations and agreements to comply with the Dodd-Frank Act.
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Examples of Swap Advisor in a sentence

  • The Swap Advisor will meet all the necessary registration, qualification and other requirements required under applicable law, rules and regulations.

  • In addition, the Swap Advisor must be consistent with all necessary FRMC representations related to the Swap Advisor under the International Swaps and Derivatives Association, Inc.

  • FRMC will periodically evaluate the performance and services of its Swap Advisor and will periodically update this Policy to reflect any changes and additions to such rules and regulations affecting the requirements related to swap advisors.

  • The contract between the City and its Swap Advisor shall also contain such terms and conditions as the Swap Advisor and the City shall mutually agree upon.

  • Before entering into an Interest Rate Exchange Agreement, FRMC shall evaluate, with the assistance of its Swap Advisor, all the risks inherent in the transaction.

  • Consult with Financial Advisor and/or Swap Advisor before entering any derivative contract.

  • The City will periodically update its IREA policy to reflect any changes and additions to such rules and regulations affecting the requirements related to swap advisors and will periodically evaluate the performance and services provided by its Swap Advisor.

  • Further, the Swap Advisor shall not receive any compensation from a counterparty related to a City derivative without prior written consent of the City.

  • The inclusion of such provisions will be determined by FRMC in connection with its Swap Advisor and based on the circumstances surrounding a particular transaction or financing.

  • This includes any compensation the Swap Advisor has received from a potential counterparty in the preceding 12 months and any business relationships the Swap Advisor has with any potential counterparty.