TRANACTION PROCESSING AND LIFECYCLE MANAGEMENT. 3.1 Subject to Clause 2.1 and Clause 6, Bank shall maintain a process for daily position management so that the Bank shall have an up-to-date record for each OTC Derivative Contract on its system. This daily position management process shall include the setting up each OTC Derivative Contract on the system and amending the OTC Derivative Contract as reasonably required to reflect, without limitation, cancellations, terminations, option exercises and option expiries, maturities or credit events as notified to the Bank by the Customer The Bank shall also support cash break resolution, manage the reconciliation of trades, positions and cashflows related to the OTC Derivative Contract as well as provide the Customer with associated cashflow and lifecycle reporting.
Appears in 8 contracts
Samples: Fund Accounting Agreement (Jp Morgan Mutual Fund Group/Ma), Country Sub (JPMorgan Institutional Trust), And Fund Accounting Agreement (Jp Morgan Fleming Mutual Fund Group Inc)
TRANACTION PROCESSING AND LIFECYCLE MANAGEMENT. 3.1 Subject to Clause 2.1 and Clause 6, Bank shall maintain a process for daily position management so that the Bank shall have an up-to-date record for each OTC Derivative Contract on its system. This daily position management process shall include the setting up each OTC Derivative Contract on the system and amending the OTC Derivative Contract as reasonably required to reflect, without limitation, cancellations, terminations, option exercises and option expiries, maturities or credit events as notified to the Bank by the Customer The Bank shall also support cash break resolution, manage the reconciliation of trades, positions and cashflows related to the OTC Derivative Contract as well as provide the Customer with associated cashflow cash flow and lifecycle reporting.
Appears in 3 contracts
Samples: Accounting Agreement (JPMorgan Trust I), Accounting Agreement (JPMorgan Trust I), Global Custody and Fund Accounting Agreement (JPMorgan Trust I)
TRANACTION PROCESSING AND LIFECYCLE MANAGEMENT. 3.1 Subject to Clause 2.1 and Clause 6, Bank shall maintain a process for daily position management so that the Bank shall have an up-to-date record for each OTC Derivative Contract on its system. This daily position management process shall include the setting up each OTC Derivative Contract on the system and amending the OTC Derivative Contract as reasonably required to reflect, without limitation, cancellations, terminations, option exercises and option expiries, maturities or credit events as notified to the Bank by the Customer Customer. The Bank shall also support cash break resolution, manage the reconciliation of trades, positions and cashflows related to the OTC Derivative Contract as well as provide the Customer with associated cashflow and lifecycle reporting.
Appears in 2 contracts
Samples: Global Custody and Fund Accounting Agreement (JPMorgan Institutional Trust), Global Custody and Fund Accounting Agreement (JPMorgan Trust I)
