Risk Control. 7.1 Party B shall, in accordance with relevant rules and requirements of regulatory authorities, form risk management department and establish sound investment management system and risk control system, inspect and supervise the investment business of Entrusted Assets. It shall inform Party A in a timely fashion of abnormalities or violations in the transactions of the Entrusted Assets. Party A may inspect the establishment and implementation of the investment management and risk control systems by Party B, and Party B shall give adequate cooperation for the risk management measures taken by Party A with regard to Entrusted Assets.
7.2 Party B shall formulate the Emergency Management Plan for Significant Unexpected Events of Insurance Asset Management (including emergency management plan for significant unexpected events of all Entrusted Investment Categories) in accordance with applicable provisions issued by the China Insurance Regulatory Commission and provide it to Party A for record.
7.3 Party B shall formulate, establish and continuously improve relevant rules and systems. In particular, Party B shall establish risk isolation mechanisms between the Entrusted Assets and the assets owned by Party B or entrusted by other parties.
7.4 Party A and Party B shall co-chair the risk control meetings, to discuss and reach resolutions on issues requiring special attention, sudden events and important information. If either party deems it necessary to hold such risk control meetings on issues requiring special attention, sudden events and important information, it shall have the right to convene such meetings and the other party shall be obligated to cooperate.
Risk Control. 7.1 Party B shall, in accordance with relevant rules and requirements of regulatory authorities, form risk management department and establish sound investment management system and risk control system, inspect and supervise the investment business of Entrusted Assets. It shall inform Party A in a timely fashion of abnormalities or violations in the transactions of the Entrusted Assets. Party A may inspect the establishment and implementation of the investment management and risk control systems by Party B, and Party B shall give adequate cooperation for the risk management measures taken by Party A with regard to Entrusted Assets.
7.2 Party B shall formulate, establish and continuously improve relevant rules and systems. In particular, Party B shall establish necessary internal control systems in respects of, among other, the personnel, financial affairs and accounts with regard to the Entrusted Assets and the assets owned by Party B or entrusted by other parties, so as to ensure the impartiality, fairness and independence of the investment management operation.
7.3 Party A and Party B shall co-chair the risk control meetings, to discuss and reach resolutions on issues requiring special attention, sudden events and important information. If either party deems it necessary to hold such risk control meetings on issues requiring special attention, sudden events and important information, it shall have the right to convene such meetings and the other party shall be obligated to cooperate.
Risk Control. In order to control the fund risk, Party B shall be obliged to assist Party A to complete the following measures:
1. Prior to conducting related transactions with Party B, Party A shall have the right to have access to Party B’s effective Financial License and Business License of Enterprise Legal Person. If Party B cannot provide relevant licenses or relevant licenses have expired, Party A will terminate any business cooperation with Party B.
2. Prior to deposition of any funds with Party B, Party A shall have the right to obtain and review Party B’s annual reports for the most recent fiscal year, which has been audited by an accountants’ firm qualified to audit securities and futures business activities. Party A shall start business cooperation with Party B if Party A confirms the risk can be controlled.
3. Party A shall be entitled to inspect Party B’s operation and financial status on a regular basis and check with Party B whether there is any violation of any provisions of the Measures for the Administration of Financial Companies of Enterprise Groups published by China Banking Regulatory Commission. Party A shall be entitled to request Party B to provide Party A’s finance department with all information regarding its regulatory indicators within fifteen working days after the end of each quarter. If any relevant indicators are found to be non-compliant with relevant provisions of the Measures for the Administration of Financial Companies of Enterprise Groups, Party A will terminate all deposit business cooperation with Party B.
4. In any one of the following cases, Party A shall have to right to withdraw all or any part of its deposits with Party B or suspend depositing to Party B or request Party B to perform and complete a rectification or take other risk management measures to effectively ensure the safety of Party A’s deposits with Party B:
(1) Party B’s asset-liability ratio indicators are non-compliant with the provisions of Section 34 of the Measures for the Administration of Financial Companies of Enterprise Groups;
(2) Party B is unable to pay due debts, or an occurrence of bank runs, or with a large amount of overdue loans or guarantees advances, serious failure of computer system, being robbed or defrauded, or directors or senior management personnel being involved in serious violation of discipline, criminal cases and other major issues;
(3) Party B has suffered a great loss in the securities investment business and the loss has reached 50...
Risk Control. ~ Seller agrees to provide and maintain an up-to-date Risk Register to Seller for Item(s) purchased under this LTA. The Risk Register shall identify and control those factors which have the potential to interrupt the flow of the Item(s) (such as material availability, obsolescence, long lead items, etc.).
Risk Control. Specific work procedures and work arrangements shall be established to lessen or eliminate risks identified by the assessment. Where elimination of the risks is not possible, the Employer will make every effort to ensure control of the risks will be undertaken.
Risk Control. To determine the mitigation strategy, the Project Team brainstorms using a variety of tools including checklists of risk reduction techniques, cost benefits analysis, and an analysis of alternative approaches. The risk is assigned to an owner, who is primarily responsible for monitoring the specific activities of the mitigation plan for that particular risk. The Project Team reviews the alternatives and reaches consensus on which alternative to pursue. Once a plan is adopted, appropriate actions are taken to implement the plan. A contingency budget is also established within the Risk Management plan in the event the initial mitigation strategy is not successful. Risk Management is an ongoing process throughout the life of the project. Risk mitigation activities are integrated into the Work Breakdown Structure and are reviewed during project meetings and planning sessions. Project Managers are required to review and update risks under their control on a regular basis. On-going Risk Management procedures are included in weekly, monthly and periodic activities.
Risk Control. 5.1 Both Parties shall take effective risk control measures for the Suspicious Transactions that may happen during the course of cooperation.
5.2 During the course of providing payment services by Party B, if one Party finds Suspicious Transactions, it shall promptly notify the other Party. At the same time, Party A shall take provisional measures to freeze users’ accounts, cancel transaction orders and the like, Party B shall take provisional measures to suspend to provide payment services, close the payment interface, suspend bank cards transaction, delay or suspend capital settlement and the like.
5.3 In order to better provide payment services for Party A, Party B shall be entitled to require transactions that needs payment services by Party A to be identified and monitored. Party B may take the following measures to control the transaction risk, and Party A shall cooperate, otherwise Party B may suspend or terminate the provision of payment services, and may terminate this Agreement upon written notice to Party A:
(1) testing the effectiveness and safety of network address (URL) and network communication address (IP address) of Party A and its transaction platform;
(2) inspecting Party A’s trading places and examining whether goods and services provided by Party A’s platform conform to the relevant laws and regulations;
(3) examining whether Party A’s description of the goods or services is complete, whether the policies of return and exchange, refund, delivering and transaction cancellation are complete or not, whether the customer service system is sound.
5.4 Party B may set and adjust the type of bank cards, the times of payments and the cap for payments when the users of Party A make payments according to the requirements and risk control needs of bank card organizations and banks, subject to the type of bank cards, the times of payments and the cap for payments available for the users of Party A to make payments, which Party B will notify Party A in advance.
5.5 In a single calendar month, if the amount of various types of Suspicious Transactions of Party A totaled to or more than RMB 2000 yuan and meet or exceed 0.001% of the total amount of accumulated amount of transactions completed by Party A through Party B’s trading system from the effective date of this Agreement, Party B may to require Party A to strengthen the risk control or take remedial measures, and provide feedbacks to Party B of how the remedial measures have been done within 15 d...
Risk Control. The Platform shall have the right to set the position limit for a single token type, which is used to calculate the risk rate, the purchase limit and the amount that can be transferred out your Cross-Leverage Account. Only Digital Assets in your Cross-Leverage Account can be used as Margin for the Loan. We shall monitor the Margin Ratio of your Cross-Leverage Account. For the purposes of this Annex 1, your Margin Ratio shall be determined as follows: Margin Ratio = Total value of Digital Assets within your position limit/(total value of liabilities + unpaid service fee) The value of your assets shall be denominated in USDT, whereby the total market value of Digital Assets = the current total market value of the Digital Assets within the position limit of the Cross-Leverage Account. The value of Digital Assets exceeding your position limit is not accounted for in the calculation of the Margin Ratio. Total value of liabilities = current total market value of Loans outstanding in the Cross- Leverage Account Unpaid service fee = amount of each Loan * duration of the Loan at the time of calculation * hourly service rate - offset/paid service fee When the Margin Ratio of the Cross-Leverage Account reaches 120% (“Warning Line”), the system will send a message to you through the contact information you provided (“Warning Message”). When the risk rate of the Cross-Leverage Account reaches 110% (the “Forced Liquidation Line”), the system will automatically trigger a Forced Liquidation, liquidating the positions in the Cross-Leverage Account held by you and automatically repaying all your Loans. If you have more than one Loan, the repayment will be made in chronological order and the Loan that occurs first will be repaid first. If all the assets in your Cross- Leverage Account are insufficient to repay all Loans, the Platform shall have the right to recover any owed amounts from you. The Platform shall have the right to limit the purchase amount of tokens of a single type, to avoid reduced risk rates or even Forced Liquidation triggered by the purchase of tokens exceeding the position limit. You shall be aware of the risks of leveraged trading. All losses caused by Forced Liquidation shall be borne by you, including any losses where you did not take appropriate measures to reduce your position after receiving in time after receiving a Warning Message. We reserve the right to manage the total value of Loans, the maximum amount of Loans, the Margin Adjustment Coefficie...
Risk Control. Where a risk assessment reveals a significant risk to health or safety, controls are necessary to minimize the probability of the risk occurring. Wherever possible, the identified hazard should be eliminated. For example, prefabricating work on the ground can eliminate the hazard of persons falling. Where it is not possible to eliminate hazards, risks can be controlled by: • Selecting a less hazardous form of scaffolding or access system. • Modifying the design of the system. • Isolating the scaffold. Where these measures do not adequately control risk, the use of appropriate personal protective equipment may also be necessary. Personal protective equipment should only be used where other solutions are not practicable. For example, individual fall arrest systems should not be the primary means of protecting people working at heights.
6.1 OCCUPATIONAL HEALTH AND SAFETY
Risk Control. 1. The Trustees recognize that investment risks in the form of interest rate uncertainty, credit quality, insufficient diversification, particularly in regards to corporate investments, currency risk and the possibility of underperformance by bcIMC exist, among others, for the Fund.
2. The Trustees will control investment risk from the perspective of a prudent person viewing the Fund portfolio as a whole and recognizing the nature of the Plan liabilities. The primary control of portfolio risk is made through the asset allocation as set out in Section 7.1. The Trustees seek to minimize risk exposure of the Fund by maintaining a well-diversified portfolio.
3. Detailed risk constraints and thresholds are included in bcIMC’s pooled fund policies. By allowing the use of these pools, the Trustees accept the risk controls applied in managing them.
