Underlying Client definition

Underlying Client means the client of the Client; and
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Underlying Client means any client to whom you provide investment management services and in respect of whose Portfolio you provide us with an instruction in relation to the Execution- only Service.
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Underlying Client means, where you are an investment manager, investment advisor or otherwise act as agent on behalf of an underlying fund or customer the identity of which has been disclosed to GS, such underlying fund or customer.
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Examples of Underlying Client in a sentence

  • Any foreign exchange risk arising from any Transaction shall be borne by you or your applicable Underlying Client.

  • In respect of an Underlying Client that is a trustee, corporation or other person or group of persons formed as a collective investment scheme having an ‘umbrella’ structure, we will only have recourse against those assets attributable to the relevant sub-fund of the umbrella in respect of which you have effected a Transaction under these Terms.

  • We shall be entitled, without prior notice to you or your applicable Underlying Client, to make the currency conversions necessary or desirable for the purposes of fulfilling your trading obligations.

  • Alternatively, in situations where we provide the relevant Service despite any such interest and we will not be required to account to you or your Underlying Client for any income, gain, profit or other advantage arising from such interest unless required to do so under Applicable Rules.

  • In order to provide certain Services to you we are required beforehand to obtain information from you, which may include financial and other information concerning yourself (and/or, where you are acting as agent for any Underlying Client, information on that other party or parties) as we from time to time may reasonably request or as we may be required to procure in accordance with Applicable Rules.

  • We shall be under no obligation to settle Transactions or account to you or your Underlying Client unless and until we (or our agents) have received all necessary documents and/or cleared funds from you.

  • You (on behalf of your applicable Underlying Client) shall be responsible for any losses we incur arising out of your (as agent of your Underlying Clients’) non-performance or any actions we take as a result thereof.

  • We may choose to rely on any such information and shall not be liable to you or any Underlying Client for any such person’s loss arising from our reliance, or failure to rely on such information or on a Defaulting Client Report.

  • If you default in paying any amount when it is due (on behalf of your Underlying Clients), we may require that you (on behalf of your applicable Underlying Client) pay us interest at a rate equal to the prevailing effective cost of funds to us from time to time in the relevant currency as determined by us as notified to you in writing.

  • If you (as agent of your Underlying Client) have not delivered the appropriate funds or Products to us on the due date for settlement, we reserve the right, as appropriate, to exercise a sell-out of the relevant Products (as described in Clause 26) or acquire alternative Products by whatever means we (on behalf of your applicable Underlying Client) determine in our sole and absolute discretion.


More Definitions of Underlying Client

Underlying Client means any counterparty agreed to in writing by us from time to time on behalf of which you are to enter as agent into Transactions with us; and where a counterparty does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing.
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Underlying Client means any client notified as such by the Counterparty to HSBC pursuant to the terms of Appendix 1 (EMIR HSBC Form) to the Procedures Manual.
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Underlying Client. Account The meaning given to in Clause 2.3 (Underlying Client Accounts).
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Underlying Client means, where You are an investment manager, investment advisor or otherwise act as agent on behalf of an underlying fund or customer the identity of which has been disclosed to GS, such underlying fund or customer.
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Related to Underlying Client

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Underlying Obligor means with respect to an Underlying Obligation, the issuer in the case of a Bond, the borrower in the case of a Loan, or the principal obligor in the case of any other Underlying Obligation.

  • Mortgage Loan File As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage Loan File pursuant to this Agreement.

  • Underlying Agreement means an agreement that is an underlying agreement for the purposes of paragraph 48 or Schedule 6 to the Act.

  • Document Custodian means the Custodian when acting in the role of a document custodian hereunder.

  • Underlying Instrument means the loan agreement, credit agreement or other customary agreement pursuant to which a Collateral Obligation has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Collateral Obligation or of which the holders of such Collateral Obligation are the beneficiaries.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Takeout Investor means any institution which has made a Takeout Commitment and has been approved by Buyer, in its sole and absolute discretion.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Transaction Data means observable prices, rates, indices or values representing transactions between unaffiliated counterparties in an active market subject to competitive supply and demand forces;

  • Underlying Funds means open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on May 7, 2013.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • SPS means ADB's Safeguard Policy Statement (2009);

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Countrywide Servicing Countrywide Home Loans Servicing LP, a Texas limited partnership and its successors and assigns.

  • Purchaser/ User means ultimate recipient of goods and services

  • Additional Servicer Each affiliate of each Servicer that services any of the Mortgage Loans and each Person who is not an affiliate of the any Servicer, who services 10% or more of the Mortgage Loans. For clarification purposes, the Master Servicer and the Securities Administrator are Additional Servicers.

  • Underlying Fund means a collective investment scheme (including exchange traded funds) which will be daily dealing, open-ended and may be listed or unlisted and will be domiciled in, in the case of regulated funds in an EU/EEA Member State authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 as amended (the "UCITS Regulations") or authorised under domestic legislation implementing the UCITS Regulations and such other investment funds as may be permitted by the Central Bank as Category 1 from time to time (category 1 investment funds pursuant to the AIF rulebook ("Category 1")), or authorised in an EU Member State (category 2 investment funds pursuant to the AIF rulebook ("Category 2")), Guernsey where authorised as "Class A Schemes" (Category 1) or "Class B Schemes" (Category 2), Jersey where established either as "Recognised Funds" (Category 1) or as funds that are not "Recognised Funds" (Category 2), the Isle of Man as "Authorised Schemes" (Category 1) or "unauthorised schemes" (Category 2), any investment funds authorised by the US Securities and Exchanges Commission under the Investment Companies Act 1940 (Category 2) and such other investment funds as may be permitted by the Central Bank as Category 2 from time to time. The AIFM will confirm to the Central Bank that any new Category 2 investment funds will comply in all material respects with the requirements applicable to a Retail Investor Alternative Investment Fund pursuant to the AIF Rulebook. In the case of unregulated funds, these will be domiciled in Australia, Hong Kong, South Africa, Bermuda, British Virgin Islands, the Cayman Islands, Singapore or Mauritius and will follow an investment strategy that seeks to provide capital appreciation to its investors through direct investment in transferable securities in the form of cash and/or cash equivalents, global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), REITs and global bonds which are listed on Recognised Markets (as set out in Appendix II of the Prospectus). Underlying Funds may not be leveraged. The Underlying Funds must comply with the investment restrictions of the Fund as outlined below.