Central Bank definition
Examples of Central Bank in a sentence
Upon maturity of the Parties’ obligations, whether due to normal or early maturity of this Agreement, such obligations shall be offset up to the limit to which they were assumed, in accordance with the Brazilian Civil Code and other applicable legal provisions, notably Law No. 10.214 of March 27, 2001, article 30 of Provisional Measure No. 2.192 of August 26, 2001, and Resolution No. 3039 of the Central Bank of Brazil of October 30, 2002.
The Parties authorize the Calculation Agent to be the settlement agent for their operations with the system or clearinghouse for the custody and financial settlement of securities authorized by the Central Bank or the CVM, such as the Financial Risk Protection System - SPR, for operations registered with CETIP.
The Parties hereby represent to be aware of and agree that one of the Parties will register any and all Derivative Transactions that may be contracted based on this Agreement or on CETIP, or on BM&F, or on any other system or clearinghouse for the custody and settlement of securities authorized by the Central Bank or the CVM, as established in the applicable regulations.