Internal Risk Management Procedures Sample Clauses
The Internal Risk Management Procedures clause establishes the requirement for a party to implement and maintain processes to identify, assess, and mitigate risks within its organization. Typically, this involves setting up internal controls, regular risk assessments, and reporting mechanisms to ensure that potential threats to operations, compliance, or reputation are managed proactively. By mandating these procedures, the clause helps ensure that risks are systematically addressed, reducing the likelihood of unforeseen issues and promoting organizational stability.
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Internal Risk Management Procedures. In addition to the services provided for in paragraph 3.A. above, UBET shall:
1. Establish risk management recommendations regarding position limits, strategies, credit exposure and volumes to be presented for EKAE's management and board approval.
2. Assist EKAE in measuring price risk, defining hedge objectives, and setting proper expectations.
Internal Risk Management Procedures. A. Risk management guidelines and controls. Risk management recommendations regarding position limits, strategies, credit exposure and volumes will be presented for management and board approval.
B. Establish Corporate Risk Policy — Assess Risk Profile — Define Hedge Objective.