Template:M premium 2002 ISDA 5(a)(iv)

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How material is “material”?

  • Representations by agents on agent’s own behalf: the curious Mœbius loop of agency representing, on behalf of its principal, that it is not acting as agent.
  • Things you could ask an agent to represent
  • Due appointment, authority etc.
  • Loss of manager’s regulatory status, good standing etc
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