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New Fidic Red Book Pdf - [Latest 2022]



 


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When a document is sold before its valid period of validity, the “Base Date” shall be its last valid day. 1.1.5 “Buyer's Order” means a written order of a client to whom the Seller is transferring title or transferring a securit y interest, even if that order is conditional. 1.1.6 “Buyer's Order” means a written order of a client to whom the Seller is transferring title or transferring a securit y interest, even if that order is conditional. 1.1.7 “CAS” means the Convention for the Laying Off of Securities. 1.1.8 “Cash Conditions” means any of the following: i) In a SALE, that a Payment Order is executed. ii) In a PAYMENT ORDER, that Payment is effected. iii) In a GUARANTEE (see clause 1.6), that payment is effected. iv) In a CREDIT LINE, that Payment is effected and that conditions for payment have been met. 1.1.9 “Credit Line” means a guarantee, registered in a Credit Institution, for the full amount of a BUYER'S ORDER. 1.1.10 “Credit Institution” means a natural person or legal entity which is recognized by law or by international agreement as having special status as a Credit Bank and which is eligible to accept Credit BORROWS. 1.1.11 “Credit Institution” means a natural person or legal entity which is recognized by law or by international agreement as having special status as a Credit Bank and which is eligible to accept Credit BORROWS. 1.1.12 “Credit Conditions” means any of the following: i) In a PAYMENT ORDER, that Payment is effected, if necessary with the aid of a Credit Institution. ii) In a CREDIT LINE, that Payment is effected, if necessary with the aid of a Credit Institution. 1.1.13 “Credit Manager” means a natural person or legal entity acting as agent of the Seller or Credit Bank to whom a Payment Order is executed or as agent of the Seller or Credit Bank to whom a CREDIT LINE is opened. 1.

 

 

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New Fidic Red Book Pdf - [Latest 2022]

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