Swaps and Options Clause Samples
The Swaps and Options clause defines the terms and conditions under which parties may enter into derivative transactions such as swaps and options. It typically outlines the types of permissible transactions, the procedures for confirming trades, and the obligations of each party regarding settlement and performance. For example, it may specify how payments are calculated, the timing of settlements, and the documentation required for each transaction. This clause is essential for managing financial risk and ensuring both parties have a clear understanding of their rights and responsibilities in complex financial arrangements.
Swaps and Options. Subject to the adoption by Beneficiary’s Board of Directors or Investment Committee of a separate written policy specify the type of risk-limiting practices approved for Beneficiary, Investments may be made in interest rate swaps and options thereon and in other transactions as set forth in the written policy, by entering into an International Swap Dealers Association Master Agreement with a suitable counterparty. Investments in such swaps or options shall be made in accordance with federal law and only to the extent that such swaps agreements and options are entered into or acquired as a part of a hedging transaction.
Swaps and Options. Subject to the adoption by Ceding Company’s Board of Directors or Investment Committee of a separate written policy specify the type of risk-limiting practices approved for Ceding Company, Investments may be made in interest rate swaps and options thereon and in other transactions as set forth in the written policy, by entering into an International Swap Dealers Association Master Agreement with a suitable counterparty. Investments in such swaps or options shall be made in accordance with federal law and only to the extent that such swaps agreements and options are entered into or acquired as a part of a hedging transaction.
Swaps and Options. Subject to the adoption by the New York Ceding Company’s Board of Directors or Investment Committee of a separate written policy specify the type of risk-limiting practices approved for the New York Ceding Company, Investments may be made in interest rate swaps and options thereon and in other transactions as set forth in the written policy, by entering into an International Swap Dealers Association Master Agreement with a suitable counterparty. Investments in such swaps or options shall be made in accordance with federal law and only to the extent that such swaps agreements and options are entered into or acquired as a part of a hedging transaction.