Markit Clear Legal Overview Scott Kostyra – Markit Bridget Marsh – LSTA March 3‚ 2011 CONFIDENTIAL Markit Clear documentation overview Industry standard documentation – Large number of market participants Approximately 50 active banks Over 650 fund managers – Standard documents posted on-line Developed via collaborative process – Legal documentation working group Markit LSTA Banks Lenders LSTA/LMA legal framework subsumed 2 Legal differences
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One of the two New World trading systems was the triangular trade. The triangular trade had three parts (legs) to it. The first leg included a route from Europe to Africa. These ships normally carried horses and European manufactured goods. For example; cloths and metal wares. When they arrived in Sub-Saharan Africa they exchanged these goods for slaves. One main reason why Africans would trade was for the gain of weapons. In the second leg of the trip the Europeans took enslaved Africans to the
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CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects for which the Company is established are: * To carry on the business of manufacturers‚ producers
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Conflict on a Trading Floor The case describes the ethical dilemma occurred in FirstAmerica Bank. The sales department of the bank was preparing a 700 mln. USD loan contract for one of the bank’s former client: Poseidon Cruise Lines. Poseidon intended to order a large cruise ship for their fleet to a French shipyard‚ which required a contract to be signed for five years and in French francs. This in turn raised concerns in Poseidon management‚ related to the possible economic costs/losses related
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Abstract Insider trading mostly occurs by individuals close to the upper level management of an organization. This type of unethical behavior undermines the stability of the organization. In the ImClone scandal where Martha Stewart was indicted for her involement‚ the stability of her company suffered and the companies and people associated with Ms. Stewart suffered as a result of her decision. In this essay I will examine the parties that were privileged to knowing ImClone’s stock was going to
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Essay The Reason of Hong Kong Being an International Trading Region “Business-friendly environment‚ rule of law‚ free trade and free flow of information‚ open and fair competition‚ well-established and comprehensive financial networks‚ superb transport and communications infrastructure‚ sophisticated support services‚ and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves‚ a fully convertible and
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Company Background L B Spices Trading (Private) Limited founded in 1930 as a cinnamon buying and selling shop‚ now produces excellent quality spices mainly cinnamon‚ garcinia‚ nutmeg‚ coffee‚ ginger‚ aricanut‚ cloves and pepper from Sri Lanka. LBS also produce essential oils such as cinnamon bark oil‚ and leaf oil through distillation process. LBS’s current market includes South America‚ Europe‚ Japan‚ USA‚ Singapore and Malaysia. Opportunity for ‘Going International’ LBS’s Mission and Vision itself
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Commodities futures trading have evolved from the need for ensuring continuous supply of seasonal agricultural crops in Japan‚ merchants stored rice in warehouses for future use. In order to raise cash‚ warehouse holders sold receipts against the stored rice. These were known as “rice tickets” Eventually such rice tickets became accepted as a kind of general commercial currency. Rules came into being‚ to standardize the trading in rice tickets. The concept of organized trading in commodities evolved
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Margin Trading: Margin Trading refers to the practice by which one can purchase share in the higher amount than the money investor already have and it also helps to sell the security which is not owned by the investor. Margin trading‚ therefore‚ is used in both long & short position. Long position refers to buying of security own share in an expectation of drastically or dramatically price increase. But short position refers to selling of own security or short selling of others security‚ which
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Artsgate Trading Pte Ltd is a company that is that tends in giving individual’s attention to each and one of their customers to meet‚ satisfy and even reach their customers’ expectations. Artsgate is a driven and machine specialist company where responsive areas are in customer service‚ customer application design for equipment‚ technical support and parts. Artsgate Pte Ltd supply high quality equipment‚ parts and products in Singapore and to any other countries worldwide. The company also deals
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