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Unformatted text preview: International Foreign Exchange and Currency Option Master Agreement IFXCO Adherence Agreement This is to confirm the agreement of _________________________________________________(Party A) and _________________________________________________________________________________(Party B) (collectively, the Parties), as of [Insert Date], to the IFXCO Master Agreement Terms, published in June 2005 by the Foreign Exchange Committee in association with the British Bankers Association, the Canadian Foreign Exchange Committee, and the Japanese Bankers Association, as amended as of the date of this agreement (the Terms). This agreement constitutes an Adherence Agreement, as referred to in the Terms. The definitions and provisions contained in the Terms are hereby incorporated into this Adherence Agreement. Part I. Scope of the Agreement as to Outstanding Transactions Date of this Adherence Agreement: _____________________________________________________________________________________ The Terms shall apply to all FX Transactions outstanding between any two Offices of the Parties on the Effective Date unless otherwise specified in this Part I. The Terms shall apply to all Currency Option Transactions outstanding between any two Offices of the Parties on the Effective Date unless otherwise specified in this Part I. The Effective Date shall be the date of this Adherence Agreement unless otherwise specified in this Part I. Part II. Offices Each office of Party A and Party B shall be an Office unless otherwise specified in this Part II. Part III. Settlement Netting The settlement netting provisions of Section 3.2 of the Terms shall not be effective unless otherwise specified in this Part III. [If such provisions are effective, the following Offices shall form the relevant branch pairs for the purposes thereof: Party A: _____________________________________________________________________________________ Party B: _____________________________________________________________________________________ And such provisions shall be effective as of [the Effective Date].] Part IV. Certain Regulatory Representations and/or Local Law Provisions [The representations, warranties, and undertakings in Annex 2A to the Terms shall apply.] [The representations, warranties, and undertakings in Annex 2B to the Terms shall apply.] [The representations, warranties, and undertakings in Annex 3 to the Terms shall apply.] Part V. Additional Covenants The following covenant(s) shall apply: Promptly upon execution of the Adherence Agreement, each Party shall deliver to the other documents certifying (a) the authority of its signatory, including a resolution of its board of directors or governing body, if applicable; and (b) incumbency and signature....
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This note was uploaded on 10/25/2010 for the course ACC 239 taught by Professor Lee during the Spring '10 term at Crossroads.
- Spring '10