Operational Risk. A risk that the Individual Portfolio will incur losses due to the lack of satisfactory control over documentation, procedures, payments, accounting entries, transactions and activities of personnel. Operational risk also includes risks of operating system breakdowns, equipment failure risks, risks of damaging or destructing property by fire, natural disasters as well as malicious intent and fraud.
Appears in 4 contracts
Samples: Client’s Financial Instruments Portfolio Individual Management Agreement, Client’s Financial Instruments Portfolio Individual Management Agreement, Client’s Financial Instruments Portfolio Individual Management Agreement
