Common use of GENERAL RECOMMENDATIONS Clause in Contracts

GENERAL RECOMMENDATIONS. In a top-up, the seller instructs to deliver (the buyer instructs to receive) additional securities to cover a position due to deficit of collateral following mark to market valuation. This process will lead to the addition of the same securities or other securities to bring the collateral to the correct market value. - One delivery free message should be sent by the seller, one receipt by the buyer. The message will be identified as part of collateral adjustment using the indicator :22F::SETR//COLO or COLI and REPT//TOPU. The collateral (giver/out) initiation is reflected with a delivery with 22F::SETR//COLO. The collateral (taker/in) initiation is reflected with a receipt with 22F::SETR//COLI. - The message will be linked to the original instruction using the Repo reference and/or a linkage sequence with the message reference of the original instruction. - If the securities collateralised are identical to already collateralised securities, the account servicer will adjust the closing information to reflect the new quantity of collateral. - If the securities collateralised are not identical, the new securities will be added to the pool of collateral linked to the repo deal. - The message will be linked to the original instruction using the Repo reference and/or a linkage sequence with the message reference of the original instruction. - If the securities collateralised are identical to already collateralised securities, the account servicer will adjust the closing information to reflect the new quantity of collateral. - If the securities collateralised are not identical, the new securities will be added to the pool of collateral linked to the repo deal. As the new position will have to be closed like all the other collateralised positions, a new collateral movement, free of payment, will be instructed, linked to the repo deal.

GENERAL RECOMMENDATIONS. ‌ In a top-up, the seller instructs to deliver (the buyer instructs to receive) additional securities to cover a position due to deficit of collateral following mark to market valuation. This process will lead to the addition of the same securities or other securities to bring the collateral to the correct market value. - One delivery free message should be sent by the seller, one receipt by the buyer. The message will be identified as part of collateral adjustment using the indicator :22F::SETR//COLO or COLI and REPT//TOPU. The collateral (giver/out) initiation is reflected with a delivery with 22F::SETR//COLO. The collateral (taker/in) initiation is reflected with a receipt with 22F::SETR//COLI. - The message will be linked to the original instruction using the Repo reference and/or a linkage sequence with the message reference of the original instruction. - If the securities collateralised are identical to already collateralised securities, the account servicer will adjust the closing information to reflect the new quantity of collateral. - If the securities collateralised are not identical, the new securities will be added to the pool of collateral linked to the repo deal. - The message will be linked to the original instruction using the Repo reference and/or a linkage sequence with the message reference of the original instruction. - If the securities collateralised are identical to already collateralised securities, the account servicer will adjust the closing information to reflect the new quantity of collateral. - If the securities collateralised are not identical, the new securities will be added to the pool of collateral linked to the repo deal. As the new position will have to be closed like all the other collateralised positions, a new collateral movement, free of payment, will be instructed, linked to the repo deal.