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Security Sharing Agreement
"I need a Security Sharing Agreement between our Swiss investment bank and a German pension fund, to be effective from March 1, 2025, covering the sharing of government bonds and corporate securities, with specific provisions for cross-border compliance and automated settlement procedures."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Agreement: Details of the securities covered and sharing arrangements
5. Security Sharing Mechanics: Procedures and mechanisms for sharing securities
6. Representations and Warranties: Parties' confirmations regarding their capacity and the securities
7. Compliance Requirements: Obligations regarding Swiss financial regulations and data protection laws
8. Confidentiality: Provisions for maintaining confidentiality of shared information
9. Security Interest and Rights: Details of security interests and associated rights
10. Risk Allocation: Distribution of risks between parties
11. Events of Default: Circumstances constituting default and consequences
12. Termination: Provisions for ending the agreement
13. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
14. General Provisions: Standard boilerplate clauses
1. Cross-border Provisions: Additional provisions for international security sharing arrangements
2. Custodian Arrangements: Provisions regarding third-party custodian services if applicable
3. Special Security Types: Specific provisions for particular types of securities (e.g., derivatives, structured products)
4. Tax Provisions: Specific tax-related provisions if relevant to the sharing arrangement
5. Regulatory Reporting: Additional reporting requirements for specific types of securities or parties
6. Force Majeure: Provisions for extraordinary events affecting security sharing
7. Insurance Requirements: Specific insurance obligations if required
1. Schedule 1 - Eligible Securities: List and details of securities covered by the agreement
2. Schedule 2 - Sharing Procedures: Detailed operational procedures for security sharing
3. Schedule 3 - Valuation Methods: Methodology for valuing shared securities
4. Schedule 4 - Authorized Representatives: List of authorized persons for each party
5. Schedule 5 - Communication Protocols: Details of communication methods and requirements
6. Appendix A - Required Forms: Standard forms and documentation required for security sharing
7. Appendix B - Compliance Checklist: Checklist of regulatory compliance requirements
8. Appendix C - Technical Requirements: Technical specifications for security sharing systems
Authors
Financial Services
Banking
Investment Management
Securities Trading
Asset Management
Insurance
Wealth Management
Financial Technology
Professional Services
Legal Services
Legal
Compliance
Risk Management
Securities Operations
Investment Management
Treasury
Financial Control
Custody Operations
Regulatory Affairs
Asset Management
Chief Investment Officer
Head of Securities Trading
Compliance Officer
Legal Counsel
Risk Manager
Portfolio Manager
Securities Operations Manager
Financial Controller
Custody Operations Manager
Investment Director
Head of Asset Management
Regulatory Compliance Manager
Treasury Manager
Senior Financial Analyst
Securities Administrator
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