Financial Counterparties definition

Financial Counterparties shall have the meaning given in subsection 3.1.16 of this Agreement.
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Financial Counterparties shall have the meaning given in subsection 3.1.16.
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Financial Counterparties means investment firms as authorised in accordance with Directive 2004/39/EC, credit institutions authorised in accordance with Directive 2006/48/EC, insurance undertakings authorised in accordance with Directive 73/239/EEC, assurance undertakings authorised in accordance with Directive 2002/83/EC, reinsurance undertakings authorised in accordance with Directive 2005/68/EC, undertakings for collective investments in transferable securities (UCITS) and their managers authorised in accordance with Directive 2009/65/EC, institutions for occupational retirement provision as defined in Directive 2003/41/EC and alternative investment funds managed by alternative investment fund managers authorised or registered in accordance with Directive 2011/.../EU;
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Examples of Financial Counterparties in a sentence

  • Financial Counterparties for which the Group’s exposure is below €250k have been excluded from the analysis See NOTE 14 - Trade Receivables and Other for the aging of trade receivables.

  • However, there can be no assurance that the negotiations with the Financial Counterparties will be successful or will largely offset the increase in our derivative liability.

  • The Holders of a majority of the Registrable Securities being sold in any Block Trade or Other Coordinated Offering shall select the Financial Counterparties to administer such Block Trade or Other Coordinated Offering; provided that such Financial Counterparties shall be reasonably acceptable to the Company.

  • If agreements are reached with the Financial Counterparties as discussed in Note 2, the uncertainty of adverse loss development on reinsured CDS contracts will be reduced and the cost of buying credit protection on Syncora Guarantee Inc.

  • Represents the effect of the transfer by XL Capital of its shares of Syncora Holdings to the Company, as well as the amount of cash restricted pursuant to the agreement to hold an aggregate amount of $820.0 million in cash plus interest and premiums for the purpose of commuting, terminating, amending, or otherwise restructuring existing agreements with Financial Counterparties.

  • The effect of a decline in the cost of buying credit protection on the Company will increase our derivative liability; however, the Company believes that any such increase should be largely offset by the effect on our derivative liability from reaching agreements with the Financial Counterparties, as discussed in Note 2.

  • Additionally, absent the consummation of agreements with Financial Counterparties and other parties to commute, terminate, amend or restructure their existing agreements with the Company or favorable development of the Company’s statutory case reserves, interest accretion on such reserves will cause Syncora Guarantee to not be able to comply with its regulatory minimum policyholders’ surplus requirement as of December 31, 2008.

  • Financial Counterparties for which the Group’s exposure is below €250 thousand have been excluded from the analysis.

  • Financial Counterparties for which the Group’s exposure is below €250k have been excluded from the analysis.

  • The Company will reassess its going-concern status in the event agreements with the Financial Counterparties and other parties are reached.


More Definitions of Financial Counterparties

Financial Counterparties or “FCs” means investment firms, credit institutions, insurance undertakings, assurance undertakings, reinsurance undertakings, UCITS and their management companies, institutions for occupational retirement provisions, alternative investment funds established in EU and alternative investment funds managed by AIFMs (in each case authorised in accordance with the relevant EU Directive).
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Related to Financial Counterparties

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Hedge Bank means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto.

  • Treasury Management Obligations means obligations under any agreement governing the provision of treasury or cash management services, including deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services. Treasury Management Obligations shall not constitute Indebtedness.

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.