Delegating Party definition
Examples of Delegating Party in a sentence
The Delegating Party selects its regulatory status in the Adherence Letter.
The Delegating Party has requested that the Reporting Party facilitate the Delegating Party in meeting some or all of its reporting obligations by reporting, on the Delegating Party’s behalf, relevant data to a trade repository or, if no trade repository is available, to the relevant public body.
Unless otherwise agreed, in respect of securities collateral and collateral other than securities collateral subject to re-use, the Reporting Party does not provide the Delegating Party with Delegated Reporting in respect of data under Table 4 (Re-use, cash reinvestment and funding sources data) of the SFTR Reporting Annexes.
The Delegating Party shall indemnify the Non-Delegating Party from and against any loss, damage, liability, fees, cost and/or expense incurred by the Non-Delegating Party arising out of any delegation permitted under this Section.
For clarity, it is understood that any Delegating Party or any Contractor, as applicable, need not mention the Non-Delegating Party by name in any such written agreement.
In order to submit such reports, the Reporting Party requires certain data from the Delegating Party.
Pursuant to the regulatory obligations of the Reporting Party, the Reporting Party will report data on behalf of the Delegating Party as its counterparty, where such counterparty meets certain conditions.
If unique reference(s) need(s) to be generated for inclusion in the Relevant Data, the Delegating Party agrees that the Reporting Party may generate such unique reference(s).
All the Required Details that a Platform undertakes to report to a Relevant Trade Repository on behalf of the Delegating Party and the Reporting Party (and/or a Reporting Party Affiliate, as applicable) do not form part of the Relevant Data.
The Delegating Party will reimburse the Reporting Party on demand for any costs or expenses (inclusive of any applicable tax) the Reporting Party may incur where it is required to supplement, update or amend any Report as a result of a failure by the Delegating Party to provide any of the Counterparty Data by the time specified in the Procedures Manual (or otherwise by the Reporting Party) or as a result of the Delegating Party’s failure to comply with this Agreement.