Give-Up Agreement definition
Examples of Give-Up Agreement in a sentence
The foregoing is subject to UBS’s right to refuse to accept a trade under the terms of this Agreement and any Master FX Give-Up Agreement.
Conformed signatures were executed electronically in accordance with the FIA Electronic Give-Up Agreement System User Agreement.
No Seller or Purchased Entity, and to the knowledge of any of the Subject Entities, no party to a Standard Customer Agreement, Standard Introducing Broker Agreement, Standard Give-Up Agreement or Material Contract, is in material default in the performance or observance of any term or provision of, and no event has occurred which, with the lapse of time, would result in a material default under any such agreement.
Commodity transactions will be handled in accordance with a Give-Up Agreement to be executed separately herefrom.
In the event of any inconsistency between a Give-Up Agreement Notice (a “Notice”) and the other provisions of this Agreement, the Notice will prevail.
The Sub-Adviser is authorized to execute standard give-up agreements through EGUS, the FIA Electronic Give-Up Agreement System, on behalf of the Fund and will promptly furnish a list of all such give-up agreements upon request from the Adviser or the Fund.
Further, the Subadviser is authorized to execute standard “give-up” agreements through Accelerate Docs, the electronic platform administered by the Futures Industry Association (FIA) (said agreements hereinafter referred to as “Give-Up Agreements”), on behalf of the Company and promptly shall provide a complete copy of each executed Give-Up Agreement to the Adviser and the Company.
Where the Company agrees to enter into such a relationship, the Client authorises the Company to enter into and execute any International Uniform Give-Up Agreement (or similar document) on the Client’s behalf.
However, these agents are often affiliates of the Clearing Broker in another jurisdiction (see “Use of Agents” below for clarification of when entities should be named parties to a Give-Up Agreement).
The Master FX Give-Up Agreement (the “Agreement”) and Compensation Agreement are the products of in-depth discussions among participants in the foreign exchange prime brokerage market and represent an effort to standardize to the greatest extent possible the practices in this market.