Credit facilities have many ongoing performance obligations and delivery requirements that the borrower must meet on a timely basis. Managing Credit Facilities Frequent Performance Obligations and Delivery Requirements These lending arrangements require the borrower’s...
If you have any outstanding OTC derivative transactions relating to Russian assets or the Russian Ruble (RUB), these trade confirmations may reference a settlement rate that is quoted by the Moscow Exchange, which is commonly abbreviated as MOEX. If so, these...
In the fast-paced world of investment firms, effective contract management is paramount. With numerous vendor contracts ranging from data providers to expert networks, the accumulation of contracts without a structured management system can lead to negative...
An investment firm’s vendor agreements and relationships are a core component of its success. Your vendor services agreements should be monitored for possible upgrades as your firm evolves. Below is a guide to understanding when and why you may be entitled to upgraded...
Overview: We have seen a growing trend among market participants in the repo market, with many opting to integrate the Fixed Income Clearing Corporation (“FICC”)’s Sponsored Service into their existing bilateral repo arrangements. Through this Sponsored Service, FICC...
SEC Investment Adviser Proposal The Securities and Exchange Commission is proposing a new rule 206(4)-11 under the Investment Advisers Act of 1940 which would require: (I) INITIAL DUE DILIGENCE & REASSESSMENT REGULATORY EXPECTATIONS:- Prohibits registered...
