Template:AIFMD DR91(3): Difference between revisions

Template:AIFMD DR91(3) (view source)

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 {{aifmdprov|DR91(3)}}.   The items referred to in point (a) of paragraph {{aifmdprov|DR91(1)}} shall include: <br>
-:(a) the total value of assets held by the {{tag|prime broker}} for the AIF, where safe-keeping functions are delegated in accordance with Article {{aifmdprov|21(11)}} of Directive {{eudirective|2011|61|EU}}. The value of each of the following: <br>
+:(a) the total value of assets held by the {{tag|prime broker}} for the AIF, where safe-keeping functions are delegated in accordance with Article {{aifmdprov|21(11)}} of Directive {{eudirective|2011|61|EU}}.
-::(i) cash loans made to the {{aifmdprov|AIF}} and accrued interest; <br>
+:(aa)<ref>The EU regulation seems to have a numbering issue. The [[JC]] has corrected this.</ref> The value of each of the following: <br>
-::(ii) securities to be redelivered by the {{aifmdprov|AIF}} under open short positions entered into on behalf of the {{aifmdprov|AIF}}; <br>
+::(i) cash loans made to the {{aifmdprov|AIF}} and accrued [[interest]]; <br>
-::(iii) current settlement amounts to be paid by the {{aifmdprov|AIF}} under any futures contracts; <br>
+::(ii) securities owed by the {{aifmdprov|AIF}} under open short positions; <br>
-::(iv) short sale cash proceeds held by the prime broker in respect of short positions entered into on behalf of the {{aifmdprov|AIF}}; <br>
+::(iii) [[Futures contract|futures]] settlement amounts owed by the {{aifmdprov|AIF}}; <br>
-::(v) cash margins held by the prime broker in respect of open [[futures]] contracts entered into on behalf of the {{aifmdprov|AIF]]. This obligation is in addition to the obligations under Articles {{aifmdprov|DR87}} and {{aifmdprov|DR88}}; <br>
+::(iv) cash proceeds of  short sales held by the [[prime broker]]; <br>
-::(vi) mark-to-market close-out exposures of any OTC transaction entered into on behalf of the {{aifmdprov|AIF}}; <br>
+::(v) cash margin the [[prime broker]] holds for the {{aifmdprov|AIF}}’s open [[futures]] contracts;  This obligation is in addition to the obligations under Articles {{aifmdprov|DR87}} and {{aifmdprov|DR88}}; <br>
-::(vii) total secured obligations of the {{aifmdprov|AIF}} against the [[prime broker]]; and <br>
+::(vi) [[mark-to-market]] [[close-out]] exposures of the {{aifmdprov|AIF}}’s [[OTC]] transactions; <br>
-::(viii) all other assets relating to the {{aifmdprov|AIF}}; <br>
+::(vii) the {{aifmdprov|AIF}}’s total secured obligations to the [[prime broker]]; and <br>
-:(b) the value of other assets referred to in point (b) of Article {{aifmdprov|21(8)}} of Directive {{eudirective|2011|61|EU}} held as [[collateral]] by the {{tag|prime broker}} in respect of secured transactions entered into under a prime brokerage agreement; <br>
+::(viii) all the {{aifmdprov|AIF}}’s other assets with the [[prime broker]]; <br>
-:(c) the value of the assets where the {{tag|prime broker}} has exercised a right of use in respect of the {{aifmdprov|AIF}}’s assets; <br>
+:(b) the value of other assets referred to in Article {{aifmdprov|21(8)}}(b) that the [[prime broker]] holds as [[collateral]] for secured transactions entered into under the [[prime brokerage agreement]]; <br>
-:(d) a list of all the institutions at which the {{tag|prime broker}} holds or may hold cash of the {{aifmdprov|AIF}} in an account opened in the name of the {{aifmdprov|AIF}} or in the name of the {{aifmdprov|AIFM}} acting on behalf of the {{aifmdprov|AIF}} in accordance with Article {{aifmdprov|21(7)}} of Directive {{eudirective|2011|61|EU}}. <br>
+:(c) the value of the assets the {{tag|prime broker}} has [[rehypothecate|rehypothecated]]; <br>
+:(d) a list of all the institutions where the {{tag|prime broker}} holds the {{aifmdprov|AIF}}’s [[cash]] in the {{aifmdprov|AIF}}’s or {{aifmdprov|AIFM}}’s  name per Article {{aifmdprov|21(7)}}. <br>