Purpose and Scope of Agreement - DRV-F Provision

DRV for Derivatives and Futures Anatomy™ This is an informal, non-binding and, by the looks, not massively idiomatic translation of the Deutscher Rahmenvertrag für Finanztermingeschäfte. So treat it, and the JC's summary of and uninformed musings about it, with even more caution than normal. →Go uptown In a Nutshell™ Clause 1: Template:Nutshell DRVF 1 view template DRV for Derivatives and Futures full text of Clause 1: 1 Purpose and Scope of Agreement 1(1) In order to manage interest and exchange rate risks and other price risks arising within the scope of their business operations, the parties hereto intend to enter into financial derivatives transactions the object of which is: 1(1)(a) the exchange of amounts of money denominated in various currencies or amounts of money calculated by reference to floating or fixed interest rates, exchange rates, prices or any other calculation basis, including average values (indices) relating thereto, or 1(1)(b) the delivery or transfer of securities, other financial instruments or precious metals, or the performance of similar obligations. 1(1)(c) Financial derivatives transactions also include options, interest rate protection and similar transactions that require a party to render performance in advance, or a performance that is subject to a condition. 1(2) The terms and conditions set out below shall apply to each transaction that is entered into pursuant to this Master Agreement (hereinafter called a Transaction). All Transactions among themselves and together with this Master Agreement shall constitute a single agreement (hereinafter called the Agreement); they shall be entered into in accordance with and in reliance on this principle, to achieve an aggregated risk assessment. view template DRV-F · (wikitext) · (nutshell wikitext) Navigation: Table of contents | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 (being the Elections) Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.