Examples of Counterparties in a sentence
In respect of long-term securities or instruments (where the maturity date of the security or instrument is equal to or greater than one year), Counterparties must have a designated rating for Long-Term Debt no lower than (a) DBRS - “A”;(b) Fitch - “A”; (c) Moody’s - “A2”; and (d) S&P - “A”.
Counterparties are subject to the applicable short-term or long-term designated ratings restrictions listed above.
The Counterparties to the ETF’s Derivative Agreements meet those designated ratings requirements.
Counterparties of derivative transactions are exposed to the risk that UniCredit Bank Austria AG becomes unable to discharge its obligations under the transaction, for example in the case of an insolvency (inability to pay or overindebtedness) or in the case resolution measures are taken by an authority against the credit institution.
In respect of long-term securities or instruments (where the maturity date of the security or instrument is equal to or greater than one year), Forward Counterparties must have a designated rating for Long-Term Debt no lower than (a) DBRS- “A”; (b) Fitch - “A”; (c) Moody’s - “A2”; and (d) S&P - “A”.