Annotated version of the CRV 2019 Sample Clauses

Annotated version of the CRV 2019. Clearing Framework Agreement 2019 (“Framework Agreement”) ▪ Introduction The primary function of the CRV is to set a contractual framework for the relation between a client on the one hand and the party providing clearing services to the client for cleared derivative transactions (ETD and OTC) - as well as for other forward/futures transactions (FX and precious metals) commissioned by the client on the other. The following is agreed between Name and Address of the Counterparty (hereinafter the “Counterparty“) ▪ The CRV follows the model of the DRV-documentation by distinguishing between the party assuming the role of the “Bank” and the other party assuming the role of the “Counterparty” – for further background information, see DRV-2018- background paper. and Name and Address of the Bank (hereinafter the “Bank“) (Bank and Counterparty jointly hereinafter referred to as “Parties”)
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Related to Annotated version of the CRV 2019

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