MSFTA definition
Examples of MSFTA in a sentence
For purposes of this paragraph, the terms “Buyer,” “Securities,” “Seller” and “Settlement Date” have the meanings ascribed to them in the MSFTA.
The Sub-Adviser is authorized to act as agent for the Funds pursuant to any collateral control agreement the Adviser has established on behalf of the Funds in connection with an ISDA Master Agreement or MSFTA Master Agreement.
Any capitalized term not defined herein or in the Sub-Advisory Agreement shall have the meaning ascribed to it in the ISDA Master Agreement and/or the MSFTA Master Agreement, as applicable.
The Company’s derivative transactions are generally governed by MSFTA or ISDA Master Agreements which provide for legally enforceable set-off and close-out netting in the event of default or bankruptcy of the Company’s counterparties.
The Company’s MSFTA and ISDA Master Agreements generally include provisions which require both the pledging and accepting of collateral in connection with its derivative transactions.
The Sub-Adviser shall have the authority to set up and open futures accounts the ISDAs, MSFTA, MRA, GMRA and other accounts or arrangements with respect to derivatives, short sales or other special investments, subject to the review and approval of the Adviser.
To the extent permitted by the written investment policies of a Fund, as reflected in such Fund’s Prospectus and SAI, the Subadviser is authorized, on behalf of the Fund, to enter into derivatives agreements (e.g., futures account agreements, MSFTA master agreements, ISDA master agreements and related documents) and to open accounts and take other necessary or appropriate actions related thereto, in accordance with Trust Procedures (as defined in Section 2(a)(3) below).
Rather than setting a hard limit, SIFMA suggests the FINRA require member firms to control these limits through a credit review process and require transactions in Covered Agency Securities to be governed by the MSFTA or other agreements with margin and default provisions.
The FRBNY has requested that the brokers and dealers in Exhibit C complete an acknowledgment of Manager’s authority to execute trades under the FRBNY MSFTA.
See id.The Cobalt MSFTA provides that TBA Contracts are to be “settled on a delivery-versus- payment basis and payment shall be made to seller in immediately available funds,” and “none of the Seller’s property interest in the Securities shall pass to Buyer until such delivery and payment are made.” See Cobalt MSFTA§ 5(a).