Management. L’exposition globale sur dérivés sera calculée selon l’approche de l’engagement conformément à la circulaire CSSF 11/512.
Management. If we have approved the Deed on the basis of investment or rental property, you undertake to manage the Hypothecated Property in a competent and professional manner in order to attract and maintain good quality tenants. Any change of manager of the Hypothecated Property, whether the Hypothecated Property is managed by you or by a third party, must be made with our prior written consent.
Management. L’exposition globale sera calculée selon l’approche de la VaR absolue (telle que décrite au Chapitre Risk Management). Le risque global lié ne peut dépasser une VaR absolue de 20%. Cette VaR prend en compte un intervalle de confiance de 99% et un horizon temporel de 20 jours. Le levier de ce compartiment devrait généralement varier entre 100% et 300%. Le levier maximum de ce compartiment sera de 450%. Ce levier sera calculé pour chaque produit dérivé sur base de la méthode des notionnels et vient s'ajouter au portefeuille titre du compartiment.
Management. The Company is administered by one or more managers, natural persons, partners or not, with or without limitation on the duration of their mandate. The first manager(s) are appointed by the partners in a separate act immediately after signing the statutes. During the life of the company, the manager(s) are appointed by decision of one or more partners representing more than half of the shares. If this majority is not obtained, a second consultation cannot take place. The managers can receive remuneration, which is fixed and can be modified by an ordinary decision of the partners. Any manager is also entitled to reimbursement of travel and representation expenses incurred in the interests of the Company, upon presentation of all supporting documents. In relations with third parties, the powers of the manager(s) are the most extensive to act in all circumstances in the name of the Company, subject to the powers that the law expressly attributes to the partners. The Company is bound even by the acts of the manager which do not fall within the corporate object, unless it proves that the third party knew that the act went beyond this object or that he could not ignore it taking into account the circumstances, the mere publication of the statutes is not sufficient to constitute this proof. The opposition formed by a manager to the actions of another manager has no effect with regard to third parties, unless it is established that the latter were aware of it. In relations between partners, the manager or each of the managers has all the necessary powers to carry out, in the interest of the company, all management acts, except the right for each of the managers, if there are several, to oppose any transaction before it is concluded. Any manager, partner or not, named in the statutes or outside them, is revocable by decision of the partners representing more than half of the shares. If this majority is not obtained, a second consultation cannot take place. The manager may resign from his position provided he informs each of the partners at least three months in advance, by registered letter with acknowledgment of receipt. The death or withdrawal of the manager does not result in the dissolution of the Company.
Management. Avantages sociaux/ autres rémunérations Salaires Autres
Management. L’exposition globale est calculée selon l’approche de la VaR relative (telle que décrite au Chapitre L’indice de référence de la VaR est un indicateur mixte composé de l’indice ICE BofA Contingent Capital Index Hedged EUR (Total Return) (30%) et de l’indice ICE BofA Euro Financial Subordinated & Lower Tier-2 Index (Total Return) (70%). A titre indicatif, le levier de ce compartiment sera de maximum 350% de l’actif net. Il se pourrait néanmoins que le compartiment soit temporairement exposé à des leviers supérieurs. Le levier est calculé pour chaque produit dérivé sur la base de la méthode des notionnels et vient s’ajouter au portefeuille titre du compartiment.
Management. 12.1 Minimum number of directors and term of directorship
Management. The Company is managed and administered by one or more Managing Partner, who may or may not be shareholders, with or without term limits, chosen by the shareholders. The Company's first Managing Partners are appointed by separate deed appended to the Bylaws. They may be re-elected at any time. The term of office and any remuneration of the Managing Partners is set by the decision appointing them. As an internal limitation, the powers of the Managing Partners may be limited by the decision appointing them. Subject to this reservation, each of the Managing Partner is authorized to sign on behalf of the company, but may only do so within the limits of the company's corporate purpose. In dealings with third parties, the Managing partners are vested with t h e broadest powers to act in all circumstances on behalf of the Company, subject to the powers expressly granted by law to the shareholders. However, it is agreed between the shareholders that the Managing Partners may not, without being authorized to do so by an ordinary resolution of the shareholders, buy, sell or exchange any real estate or business assets, create any mortgages, pledge any business assets or decide to contribute to the formation of any company. Any Managing Partners, whether a shareholder or not, may be removed from office by an ordinary resolution passed by a majority of the share capital. Each Managing Partner is liable, in accordance with the rules of common law, to the Company and to third parties, either for breaches of the provisions of the law, or for breaches of these Bylaws, or for any faults he may commit in his management. Any Managing Partner may terminate his or her appointment by giving at least two months' notice to the shareholders, unless otherwise agreed by a majority of the shareholders. If one of the Managing Partner ceases to hold office for any reason whatsoever, the other managing partner(s) shall continue to manage the company. The general meeting of shareholders shall appoint one or more other Managing Partners, at the request of the Managing Partner or one of the shareholders, in accordance with the majority conditions set out in Article XVIII below.
Management. 12.1 Minimum number of directors and term of directorship
12.2 Permanent representative
12.3 Election, removal and vacancy
Management