Common use of Non-Standard Transaction Approval Process Clause in Contracts

Non-Standard Transaction Approval Process. Any trader or marketer seeking approval for a non-standard transaction will be required to notify his/her Trading Leader or Market Leader. Once the responsible Trading Leader or Market Leader concurs that they wish to submit the Non-Standard Transaction for approval, either the Trading Leader or Market Leader must notify the Chief Risk Officer. Note that the CRO can also be notified directly by the trader or marketer. Depending on the details of the proposed transaction, the Chief Risk Officer will determine what additional information and review is required. The appropriate Middle Office Manager will coordinate the Non-Standard Transaction Approval process as necessary in conjunction with the Chief Risk Officer. The requirements for assessment can vary from simply obtaining concurrence from the person(s) with the appropriate authority level, e.g. the Xxxxxxx President or the AJI President to completing a more detailed analysis. The Chief Risk Officer will coordinate the approval process. For the opportunities that require detailed analysis, the Middle Office Manager, in conjunction with the Senior Quantitative Analyst, will provide a high level risk and valuation assessment while the following departments will be included on an as needed basis as determined by the Chief Risk Officer:

Non-Standard Transaction Approval Process. Any trader or marketer seeking approval for a non-standard transaction will be required to notify his/her Trading Leader or Market Leader. Once the responsible Trading Leader or Market Leader concurs that they wish to submit the Non-Standard Transaction for approval, either the Trading Leader or Market Leader must notify the Chief Risk Officer. Note that the CRO can also be notified directly by the trader or marketer. Depending on the details of the proposed transaction, the Chief Risk Officer will determine what additional information and review is required. The appropriate Middle Office Manager will coordinate the Non-Standard Transaction Approval process as necessary in conjunction with the Chief Risk Officer. The requirements for assessment can vary from simply obtaining concurrence from the person(s) with the appropriate authority level, e.g. the Xxxxxxx President or the AJI President to completing a more detailed analysis. The Chief Risk Officer will coordinate the approval process. For the opportunities that require detailed analysis, the Middle Office Manager, in conjunction with the Senior Quantitative Analyst, will provide a high level risk and valuation assessment while the following departments will be included on an as needed basis as determined by the Chief Risk Officer:: Credit Legal Tax Accounting Contract Administration Trading Leader(s) Operations (logistics, scheduling, nominations) IT