DBU operations definition

DBU operations. , in relation to a bank, means any operations of the bank in Singapore, other than operations of the Asian Currency Unit;
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DBU operations. , in relation to a bank, means any operations of the bank in Singapore, other than operations of an Asian Currency Unit approved under section 77 of the Act;
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DBU operations. , in relation to a bank, means any operations of the bank in Singapore, other than operations of the Asian Currency Unit;[Deleted by MAS Notice 639 (Amendment) 2020]
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Examples of DBU operations in a sentence

  • This statistical return is applicable to any unsecured credit facility booked in either a bank’s ACU or DBU operations.

  • Where the combined exposures of a bank which satisfies the requirements in paragraph 23 to a counterparty is higher than the gross exposure to the same counterparty in its DBU operations, the bank may use the lower amount in determining its net exposure from off-balance sheet derivatives transactions to that counterparty.

  • A bank shall segregate all exposures and credit facilities booked in respect of its DBU operations from those booked in respect of the Asian Currency Unit approved under section 77 of the Act and prepare separate statements for its DBU operations and its Asian Currency Unit operations.

  • For the purposes of determining the net exposure from off-balance sheet derivatives transactions to a counterparty, a bank incorporated outside Singapore which satisfies the requirements in paragraph 22 or 23, as the case may be, may offset its exposures in its operation of an Asian Currency Unit approved under section 77 of the Act (“ACU”) with those in its DBU operations (“referred to as combined exposure”) to that counterparty prior to determining the net amount.

  • Net Head Office Funds" means the net liability of the DBU operations of the merchant bank to the merchant bank’s head office, other branches outside Singapore, and its ACU in Singapore, deduction having been made for any loss appearing in the books of the DBU and ACU operations.

  • This statistical return is applicable to any unsecured non-card credit facility which is reflected in the books of a bank in Singapore in relation to its operations in Singapore booked in either a bank’s ACU or DBU operations.

  • A bank shall segregate all exposures and credit facilities booked in respect of its DBU operations from those booked in respect of the Asian Currency Unit (“ACU”) approved under section 77 of the Act and prepare separate statements for its DBU operations and its ACU operations.

  • This return is applicable to any credit card, charge card or unsecured credit facility linked to a debit card booked in either a card issuer’s ACU or DBU operations.

Related to DBU operations

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Mining Operations means every kind of work done by the Operator:

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • System Operations means the Power Producer's operation; maintenance and repair of the System performed in accordance the requirement herein.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • Radiographic operations means all activities performed with a radiographic exposure device, or with a radiation machine. Activities include using, transporting except by common or contract carriers, or storing at a temporary job site, performing surveys to confirm the adequacy of boundaries, setting up equipment, and any activity inside restricted area boundaries. Transporting a radiation machine is not considered a radiographic operation.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Salvage operation means any business, trade or industry engaged in whole or in part in salvaging or reclaiming any product or material, including but not limited to metals, chemicals, shipping containers or drums.

  • Joint Operations means those operations and activities carried out by Operator pursuant to this Agreement, the costs of which are chargeable to all Parties.

  • Generation Operations Center means the location of Buyer’s real-time operations personnel.

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • Market Operations Center means the equipment, facilities and personnel used by or on behalf of a Market Participant to communicate and coordinate with the Office of the Interconnection in connection with transactions in the PJM Interchange Energy Market or the operation of the PJM Region.

  • Railway Operation means the construction and operation under this Agreement of the relevant Railway and associated access roads and Additional Infrastructure (if any) within the relevant Railway Corridor and of the associated Lateral Access Roads, in accordance with approved proposals;

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Operations Manager means each of the Company and Provider payroll, benefits and information technology representatives on the Operations Management Team as identified in Section 6.0 below.

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.