Securities and Financial Services Sample Clauses

Securities and Financial Services. According to the Framework Agreement, JIC agreed to purchase and the Company agreed to provide securities and financial services to JIC and/or its associates in its ordinary course of business based on normal commercial terms and market practices at prevailing market prices. The securities and financial services provided to JIC and/or its associates include (but are not limited to) the following (collectively the “Securities and Financial Services”): • financial products agency sale services. The Group receives service fees and/or other fees for such services; • leasing of trading units services. The Group leases its trading units to institutional clients and receives trading commission and/or other fees for such services; • brokerage services including securities brokerage and related financial products brokerage services. The Group receives brokerage commissions for such services; • investment banking services including underwriting and sponsorship services for equity securities and other products, and financial advisory services for other general corporate restructuring, mergers and acquisition. The Group receives underwriting commissions, sponsor fees, financial advisory fees and/ or other fees for such services; • asset management services. The Group manages the assets of customers and receives service fees for such services; and • other comprehensive securities and financial advisory and consulting services. The Group receives advisory fees and/or other fees for such services.
Sample 1
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Securities and Financial Services. (1) Original annual caps and historical transaction amounts For the year ended 31 December 2017, the year ended 31 December 2018 and the year ended 31 December 2019, the original annual caps and historical transaction amounts of the Securities and Financial Services are set out below: The Group’s revenue generated from providing the Securities and Financial Services to JIC and/or its associates N/A 19,085 N/A 12,851 19,000 15,323 For the year ending 31 December 2020 and the year ending 31 December 2021, the original annual caps and the proposed amended annual caps of the Securities and Financial Services are set out below: The Group’s revenue generated from providing the Securities and Financial Services to JIC and/or its associates 22,800 107,300 27,360 135,360 (2) Basis for the proposed amended annual caps In determining the abovementioned proposed amended annual caps, the Company has considered the following factors: (1) The Group proposes to vigorously develop investment banking business. As JIC and its subsidiaries include trust companies, lease companies, technology companies, culture companies, etc. and the Company is possible to provide investment banking services including bond underwriting, issuance of asset-backed securities, underwriting and sponsorship, merger and acquisition and restructuring and listing recommendation to JIC and its subsidiaries, the income from the Company’s investment banking business amounted to RMB1,219 million for 2019, representing an increase of 27.51% as compared to 2018. Assuming the Company’s income from investment banking business increases by approximately 20% on a yearly basis for 2020 and 2021 and the income of the Company from provision of investment banking services to JIC and its subsidiaries accounts for 3.5% of the income from investment banking business, the amount of the income from investment banking business for the year ending 31 December 2020 and 31 December 2021 is expected to be approximately RMB50 million and approximately RMB60 million. (2) Conservative estimation was made for the commission income from leasing of trading units to the fund companies subordinated to JIC when the Company prepared the original annual caps. Since the securities market picked up and the overall trading volume of the stock market increased in 2019, for example the trading amount of Shanghai Securities Composite Index for 2019 increased by 35.5% over 2018 and the Science and Technology Innovation Board and other segment...
Sample 1
Securities and Financial Services. For the three years ending December 31, 2021, the annual caps of the Securities and Financial Services are set out below: The Group’s revenue generated from providing the Securities and Financial Services to JIC and/or its associates 19,000 107,300 135,360 For the two years ended December 31, 2020 and the nine months ended September 30, 2021, the historical transaction amounts of the Securities and Financial Services are set out below: The Group’s revenue generated from providing the Securities and Financial Services to JIC and/or its associates 15,323 28,688 17,129 For the two years ended December 31, 2020 and the nine months ended September 30, 2021, the utilisation rates of the Securities and Financial Services are 80.65%, 26.74% and 12.65%, respectively.
Sample 1
Securities and Financial Services. The proposed annual caps of the Securities and Financial Services for the three years ending December 31, 2024 are set out below: The Group’s revenue generated from providing the Securities and Financial Services to JIC and/or its associates 186,270 223,360 273,310 In estimating the annual caps of the revenue to be generated from the Securities and Financial Services of the Group, the Company has considered, among others, the following key factors: (1) For the two years ended December 31, 2020 and the nine months ended September 30, 2021, the Group’s historical transaction amounts arising from the provision of financial services to JIC and its associates (including different service fees and commission and fees, etc. charged for the provision of various financial services) amounted to approximately RMB15 million in 2019, RMB29 million in 2020 and RMB17 million for the nine months ended September 30, 2021. In addition, considering that most of the financial services provided by the Group to JIC and its associates are market-oriented, the determination of the proposed annual caps needs to take sufficient account of market fluctuations and changes. Otherwise, an excessively tight annual cap may result in disruption to the Group’s business and impair the Group’s ability to respond promptly to a highly active financial market. (2) The growing and diversifying businesses of JIC and its associates, plus the Group’s plan to deepen cooperation with JIC and its associates in the future, will create more opportunities for the Group to provide financial services. The fees charged for certain services will likely to increase, taking into account market conditions. For example: • China’s stock market has picked up since 2019 as the trading volume of stocks hit record high repeatedly, with trillions of trading volume for dozens of consecutive trading days in 2021. For example, the trading amount of Shanghai Securities Composite Index was RMB92.4 trillion as at the end of October 2021, representing a year-on-year increase of 35.68% as compared to RMB68.1 trillion for the same period in 2020. In addition, as the stock market continues to expand, with the opening of the STAR Market in 2019 and the launch of the Beijing Stock Exchange in 2021, it is expected that the Company’s commission and fees for stock trading will continue to increase in the future. Therefore, it is proposed that the securities services such as agency trading of securities and leasing of trading units r...
Sample 1

Related to Securities and Financial Services

  • Financial Services Article 116

  • Mobile Banking Services Mobile Banking is a personal financial information management service that allows you to access account information and conduct transactions using compatible and supported mobile phones and/or other compatible and supported wireless devices (including phones, "Wireless Devices"). We reserve the right to modify the scope of the Mobile Banking services at any time. We reserve the right to refuse to make any transaction you request through Mobile Banking. You agree and understand that Mobile Banking may not be accessible or may have limited utility over some mobile telephone networks, such as while roaming.

  • Special Services Should the Trust have occasion to request the Adviser to perform services not herein contemplated or to request the Adviser to arrange for the services of others, the Adviser will act for the Trust on behalf of the Fund upon request to the best of its ability, with compensation for the Adviser's services to be agreed upon with respect to each such occasion as it arises.

  • Portfolio Securities Portfolio securities of the Issuer may be bought or sold by or through Distributors, and Distributors may participate directly or indirectly in brokerage commissions or "spreads" for transactions in portfolio securities of the Issuer.

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and

  • Investment Banking Services Except as described in the Registration Statement, the Statutory Prospectus and the Prospectus, during the period beginning 180 days prior to the initial confidential submission of the Registration Statement and ending on the Effective Date, no Member and/or any person associated or affiliated with a Member has provided any investment banking, financial advisory and/or consulting services to the Company.

  • Online Banking Services We may provide Online Banking Services to you during the Term from time to time as described in this Agreement. You understand and agree that we may, and you authorize us to, provide Online Banking Services through one or more third party vendors. This Agreement does not apply to services provided under separate agreements with third party vendors that do not specifically reference this Agreement or that are not specifically referenced in this Agreement. Please refer to the online help and instructions on how to use our Online Banking Services. Such instructions are part of this Agreement. Please note that during your use of Online Banking Services, we may provide you with additional requirements and limitations regarding the use of Online Banking Services through the system by which we may provide Online Banking Services. You agree to be bound by any and all such additional requirements and limitations. You also agree to be bound by any and all of our published policies and procedures, whether published on the Web Site, through the Online Banking Services, or otherwise. Any and all such policies and procedures shall be a part of this Agreement.

  • EFT SERVICES If approved, you may conduct any one (1) or more of the EFT services offered by the Credit Union.

  • SECURITIES SYSTEMS The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

  • Surgery Services This plan covers surgery services to treat a disease or injury when: • the operation is not experimental or investigational, or cosmetic in nature; • the operation is being performed at the appropriate place of service; and • the physician is licensed to perform the surgery. This plan covers reconstructive surgery and procedures when the services are performed to relieve pain, or to correct or improve bodily function that is impaired as a result of: • a birth defect; • an accidental injury; • a disease; or • a previous covered surgical procedure. Functional indications for surgical correction do not include psychological, psychiatric or emotional reasons. This plan covers the procedures listed below to treat functional impairments. • abdominal wall surgery including panniculectomy (other than an abdominoplasty); • blepharoplasty and ptosis repair; • gastric bypass or gastric banding; • nasal reconstruction and septorhinoplasty; • orthognathic surgery including mandibular and maxillary osteotomy; • reduction mammoplasty; • removal of breast implants; • removal or treatment of proliferative vascular lesions and hemangiomas; • treatment of varicose veins; or • gynecomastia.

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