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LIBOR Transition Faqs ‘Big Bang’ CCP Switch Over
RED = Final File Size/Bleed Line BLACK = Page Size/Trim Line MAGENTA = Margin/Safe Art Boundary NOT A PRODUCT OF BARCLAYS RESEARCH LIBOR Transition FAQs ‘Big bang’ CCP switch over 1. When will CCPs switch their rates for discounting 2. €STR Switch Over to new risk-free rates (RFRs)? What is the ‘big bang’ 2a. What are the mechanics for the cash adjustment switch over? exchange? Why is this necessary? As part of global industry efforts around benchmark reform, Each CCP will perform a valuation using EONIA and then run most systemic Central Clearing Counterparties (CCPs) are the same valuation by switching to €STR. The switch to €STR expected to switch Price Aligned Interest (PAI) and discounting discounting will lead to a change in the net present value of EUR on all cleared EUR-denominated products to €STR in July 2020, denominated trades across all CCPs. As a result, a mandatory and for USD-denominated derivatives to SOFR in October 2020. cash compensation mechanism will be used by the CCPs to 1a. €STR switch over: weekend of 25/26 July 2020 counter this change in value so that individual participants will experience almost no ‘net’ changes, implemented through a one As the momentum of benchmark interest rate reform continues off payment. This requirement is due to the fact portfolios are in Europe, while EURIBOR has no clear end date, the publishing switching from EONIA to €STR flat (no spread), however there of EONIA will be discontinued from 3 January 2022. Its is a fixed spread between EONIA and €STR (i.e. -
Euronext Makes Irrevocable Cash Offer to Acquire Lch.Clearnet Sa
CONTACT - Media: CONTACT - Investor Relations: Amsterdam +31.20.721.4488 Brussels +32.2.620.15.50 +33.1.70.48.24.17 Lisbon +351.210.600.614 Paris +33.1.70.48.24.45 EURONEXT MAKES IRREVOCABLE CASH OFFER TO ACQUIRE LCH.CLEARNET SA Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which terms and conditions have been agreed. Clearnet has commenced a period of consultation with its works council during which LSEG and LCH.Clearnet Group have granted exclusivity to Euronext Strategic combination to strengthen Euronext at the heart of the Eurozone capital markets: • Strengthening long-term control of clearing activities for Euronext’s markets, while enhancing our ability to innovate • Improving Euronext’s business diversification (post-trade revenue to represent approximately 30% of Euronext’s pro forma revenue) • Providing substantial growth opportunities in Fixed Income and CDS • Acquisition price of €510m (subject to a closing adjustment and including excess capital1) for 100% of Clearnet • Expected pre-tax operating cost synergies of €13m and additional opportunities for revenue synergies Completion of the contemplated transaction is subject to various conditions including: • Closing of the merger between Deutsche Börse AG (“DB”) and LSEG • Euronext shareholder approval • Customary regulatory and anti-trust approvals and other consents • Completion of the works council consultation process of Clearnet Irrespective of the completion of the contemplated transaction, Euronext remains committed to delivering the best long-term solution for its post-trade activities, in the interests of its clients and shareholders Amsterdam, Brussels, Lisbon, London and Paris – 3 January 2017 – Euronext, the leading pan-European exchange in the Eurozone, has signed a binding offer and been granted exclusivity to acquire 100% of the share capital and voting rights of Clearnet. -
Clearing House Procedures Clearing Member and Dealer Status 1
Clearing House Procedures Clearing Member and Dealer Status SECTION 1 CONTENTS 1.1 APPLICATION PROCEDURE ................................................................ 2 1.2 CRITERIA FOR CLEARING MEMBER STATUS .................................... 4 1.3 DEALER STATUS CRITERIA ................................................................. 9 1.4 EQUITYCLEAR NON-CLEARING MEMBER STATUS ......................... 11 1.5 TURQUOISE DERIVATIVES NON-CLEARING MEMBER STATUS .... 12 1.6 PARTICIPATION IN CROSS-MARGINING AGREEMENTS ................. 12 1.7 EXTENSION OF CLEARING ACTIVITIES............................................ 12 1.8 TERMINATION OF CLEARING MEMBER STATUS ............................ 14 1.9 NET CAPITAL REQUIREMENTS ......................................................... 14 1.10 CALCULATION OF NET CAPITAL ....................................................... 18 1.11 FINANCIAL REPORTING ..................................................................... 19 1.12 ADDITIONAL REQUIREMENTS .......................................................... 21 1.13 OTHER CONDITIONS.......................................................................... 21 LCH.Clearnet Limited © 2012 1 MarchApril 2012 Clearing House Procedures Clearing Member and Dealer Status 1. CLEARING MEMBER, DEALER, EQUITYCLEAR AND TURQUOISE DERIVATIVES NCMs (NON-CLEARING MEMBERS) 1.1 APPLICATION PROCEDURE An application for Clearing Member status of the Clearing House, or for Dealer status (whether as a ForexClear Dealer, RepoClear Dealer or SwapClear Dealer, each -
Connecting Bangladesh: Economic Corridor Network
Connecting Bangladesh: Economic Corridor Network Economic corridors are anchored on transport corridors, and international experience suggests that the higher the level of connectivity within and across countries, the higher the level of economic growth. In this paper, a new set of corridors is being proposed for Bangladesh—a nine-corridor comprehensive integrated multimodal economic corridor network resembling the London Tube map. This paper presents the initial results of the research undertaken as an early step of that development effort. It recommends an integrated approach to developing economic corridors in Bangladesh that would provide a strong economic foundation for the construction of world-class infrastructure that, in turn, could support the growth of local enterprises and attract foreign investment. About the Asian Development Bank COnnecTING BANGLADESH: ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to a large share of the world’s poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. ECONOMIC CORRIDOR Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, NETWORK and technical assistance. Mohuiddin Alamgir -
London Stock Exchange Group Response to CCP Resolution Guidance Consultation 2017
London Stock Exchange Group Response to the Financial Stability Board Consultative Document on “Guidance on Central Counterparty Resolution and Resolution Planning” Introduction LSEG operates today multiple clearing houses. It has majority ownership of the multi-asset global CCP operator, LCH Group (“LCH”). LCH has legal subsidiaries in the UK (LCH Ltd), France (LCH S.A.), and the US (LCH LLC). It is a leading multi-asset class and international clearing house, serving major international exchanges and platforms as well as a range of OTC markets. It clears a broad range of asset classes, including: securities, exchange-traded derivatives, commodities, energy, freight, foreign exchange derivatives, interest rate swaps, credit default swaps and euro, sterling and US dollar denominated bonds and repos. In addition, LSEG operates Cassa di Compensazione e Garanzia S.p.A. ("CC&G"), the Italian clearing house, providing clearing services for a range of European securities as well as exchange traded equity and commodities derivatives. The Group also includes Monte Titoli, a CSD successfully migrated in Target 2 – Securities settlement platform; and globeSettle, the Group’s CSD based in Luxembourg. In this context, LSEG welcomes the opportunity to respond to the Financial Stability Board (“FSB”) Consultative Document on “Guidance on Central Counterparty Resolution and Resolution Planning”. *** 1 Part A. General Remarks While defining the recovery and resolution framework for CCPs, two key objectives should be pursued: (i) preserve the incentives for clearing members to maintain high CCP resilience standards and to actively participate in recovery and (ii) ensure that the recovery and resolution processes are transparent and predictable on order to maximise the chance of success. -
Road Investment Strategy 2: 2020-2025
Road Investment Strategy 2: 2020–2025 March 2020 CORRECTION SLIP Title: Road Investment Strategy 2: 2020-25 Session: 2019-21 ISBN: 978-1-5286-1678-2 Date of laying: 11th March 2020 Correction: Removing duplicate text on the M62 Junctions 20-25 smart motorway Text currently reads: (Page 95) M62 Junctions 20-25 – upgrading the M62 to smart motorway between junction 20 (Rochdale) and junction 25 (Brighouse) across the Pennines. Together with other smart motorways in Lancashire and Yorkshire, this will provide a full smart motorway link between Manchester and Leeds, and between the M1 and the M6. This text should be removed, but the identical text on page 96 remains. Correction: Correcting a heading in the eastern region Heading currently reads: Under Construction Heading should read: Smart motorways subject to stocktake Date of correction: 11th March 2020 Road Investment Strategy 2: 2020 – 2025 Presented to Parliament pursuant to section 3 of the Infrastructure Act 2015 © Crown copyright 2020 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/ open-government-licence/version/3. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at https://www.gov.uk/government/publications. Any enquiries regarding this publication should be sent to us at https://forms.dft.gov.uk/contact-dft-and-agencies/ ISBN 978-1-5286-1678-2 CCS0919077812 Printed on paper containing 75% recycled fibre content minimum. Printed in the UK by the APS Group on behalf of the Controller of Her Majesty’s Stationery Office. -
Some Products in This Line Do Not Bear the AP Seal. Product Categories Manufacturer/Company Name Brand Name Seal
# Some products in this line do not bear the AP Seal. Product Categories Manufacturer/Company Name Brand Name Seal Adhesives, Glue Newell Brands Elmer's Extra Strength School AP Glue Stick Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Gold Liner AP Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Silver Liner AP Adhesives, Glue New Port Sales, Inc. All Gloo CL Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Sparkler AP Adhesives, Glue Newell Brands Elmer's Xtreme School Glue AP Adhesives, Glue Newell Brands Elmer's Craftbond All-Temp Hot AP Glue Sticks Adhesives, Glue Daler-Rowney Limited Rowney Rabbit Skin AP Adhesives, Glue Kuretake Co., Ltd. ZIG Decoupage Glue AP Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2 Way Glue AP Squeeze & Roll Adhesives, Glue Kuretake Co., Ltd. Kuretake Oyatto-Nori AP Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2Way Glue AP Chisel Tip Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2Way Glue AP Jumbo Tip Adhesives, Glue EK Success Martha Stewart Crafts Fine-Tip AP Glue Pen Adhesives, Glue EK Success Martha Stewart Crafts Wide-Tip AP Glue Pen Adhesives, Glue EK Success Martha Stewart Crafts AP Ballpoint-Tip Glue Pen Adhesives, Glue STAMPIN' UP Stampin' Up 2 Way Glue AP Adhesives, Glue Creative Memories Creative Memories Precision AP Point Adhesive Adhesives, Glue Rich Art Color Co., Inc. Rich Art Washable Bits & Pieces AP Glitter Glue Adhesives, Glue Speedball Art Products Co. Best-Test One-Coat Cement CL Adhesives, Glue Speedball Art Products Co. Best-Test Rubber Cement CL Adhesives, Glue Speedball Art Products Co. -
Some Products in This Line Do Not Bear the AP Seal. Product Categories Manufacturer/Company Name Brand Name Seal
# Some products in this line do not bear the AP Seal. Product Categories Manufacturer/Company Name Brand Name Seal Adhesives, Glue Newell Brands Elmer's Extra Strength School AP Glue Stick Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Gold Liner AP Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Silver Liner AP Adhesives, Glue New Port Sales, Inc. All Gloo CL Adhesives, Glue Leeho Co., Ltd. Leeho Window Paint Sparkler AP Adhesives, Glue Newell Brands Elmer's Xtreme School Glue AP Adhesives, Glue Newell Brands Elmer's Craftbond All-Temp Hot AP Glue Sticks Adhesives, Glue Daler-Rowney Limited Rowney Rabbit Skin AP Adhesives, Glue Kuretake Co., Ltd. ZIG Decoupage Glue AP Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2 Way Glue AP Squeeze & Roll Adhesives, Glue Kuretake Co., Ltd. Kuretake Oyatto-Nori AP Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2Way Glue AP Chisel Tip Adhesives, Glue Kuretake Co., Ltd. ZIG Memory System 2Way Glue AP Jumbo Tip Adhesives, Glue EK Success Martha Stewart Crafts Fine-Tip AP Glue Pen Adhesives, Glue EK Success Martha Stewart Crafts Wide-Tip AP Glue Pen Adhesives, Glue EK Success Martha Stewart Crafts AP Ballpoint-Tip Glue Pen Adhesives, Glue STAMPIN' UP Stampin' Up 2 Way Glue AP Adhesives, Glue Creative Memories Creative Memories Precision AP Point Adhesive Adhesives, Glue Rich Art Color Co., Inc. Rich Art Washable Bits & Pieces AP Glitter Glue Adhesives, Glue Speedball Art Products Co. Best-Test One-Coat Cement CL Adhesives, Glue Speedball Art Products Co. Best-Test Rubber Cement CL Adhesives, Glue Speedball Art Products Co. -
All the Colours of Caran D'ache 2018
All the Colours of Caran d’Ache 2018 E N G A G E M E N T The health and safety of our employees and our customers is our first priority and is ensured mainly by the use of materials that have minimum impact on the environment. Ecology ® FSC is the abbreviation of “Forest Stewardship Council”, a Caran d’Ache, a love affair label guaranteeing that the wood used for the production of Sustainable development also plays its pencils complies with 10 principles upholding respect for with Colour part when being a Maison de Haute forestry development, the rights of local populations and Ecriture. Environmental quality and pro- long-term socio-economic well-being of forestry workers. With a worldwide reputation for the quality tection are an integral part of the manu- and beauty of its creations, Caran d’Ache facturing process with an ever increasing applies its Swiss-made expertise to share for FSC®-certified products. develop writing instruments and Fine- Arts products. For more than 100 years, Caran d’Ache Product safety through has inspired and supported several quality assurance A strict quality control guarantees compliancy of Born of the passion of its founder for generations in exploring their emotions our products with all legal requirements and go even further than minimum requirements. Colour, the Maison has remained loyal to and their artistic sensitivity. Fantasy and its roots. The pencils, pastels and paints easy-to-use for the Children’s products as that are designed, developed and manu- The CE symbol indicates that the product meets the prin- well as expertise and precision for products cipal European health and safety standards for products. -
Finance Book Review Ebook
Arn rn,1,· ''""'"' llf iir El.ll"i l'T 1n Dave Ram e \ ll lll ll\U(.JITlff Rachel Cruz TABLE OF CONTENTS Introduction Relationships When She Makes More .........................................................................................................2 One Bed, One Bank Account ...............................................................................................3 Emotional Currency ...............................................................................................................5 Thin, Rich, And Happy ...........................................................................................................6 Permission To Prosper ...........................................................................................................7 The Cure For Money Madness .............................................................................................8 Smart Couples Finish Rich ....................................................................................................9 Global Economics Hormegeddon .....................................................................................................................10 When The Money Runs Out ...............................................................................................11 After The Music Stopped ...................................................................................................13 House Of Debt ....................................................................................................................15 Money, -
Materials List 2020
PROJECT SMART MAKING MATHEMATICS MEANINGFUL TEXAS EDUCATION AGENCY Materials List 2020 https://www.projectsmart.net This page intentionally left blank. Project SMART: Making Mathematics Meaningful List of Materials by Units OVER VIEW Materials Not Listed The Project SMART List of Materials does not include the following basic items, since these should be provided for each student by the program: • Student journal (composition book or spiral) • Pencils • Markers In addition, all teachers should have access to the following for use throughout most of the lessons (along with any general teaching supplies): • Chart paper or poster board • Markers • Dry erase board and markers, or interactive white board • Sticky notes Materials Listed This page intentionally left blank. There are six instructional components that require materials within each Project SMART unit: • Math Lessons • STEM Connection • Fun with Fractions • Spiral Review • Family Game • Literature Lessons This materials list does include all items which may need to be purchased for all six of these components. Copies/reproducible handouts and cardstock items, which will need to be made by the program, are not listed. Center-based programs typically teach all six components if offering at least a six-hour day. Programs with shorter days may choose to omit the Literature Lessons, Fun with Fractions, or STEM lesson, since those concepts are not explicitly assessed by the program. Home-based programs teach the Math Lessons; all other components are optional. NOTE: Materials listed for the Family Game component indicate the quantity needed for the teacher to teach the game to the students. In order to meet the program objective for parental engagement, additional materials must be provided to each student for home use, with both Center-based and Home-based programs. -
Module (Daughter Bd) 02-Nov-2015
8 7 6 5 4 3 2 1 THIS DRAWING IS THE PROPERTY OF ANALOG DEVICES INC. IT IS JUMPER TABLE REVISIONS NOT TO BE REPRODUCED OR COPIED, IN WHOLE OR IN PART, OR REV DESCRIPTION DATE APPROVED USED IN FURNISHING INFORMATION TO OTHERS, OR FOR ANY OTHER JP# ON OFF A ORIGINATION NHR-039086 JUN-2014 R.GETZ PURPOSE DETRIMENTAL TO THE INTERESTS OF ANALOG DEVICES. THE EQUIPMENT SHOWN HEREON MAY BE PROTECTED BY PATENTS 1 OWNED OR CONTROLLED BY ANALOG DEVICES. 2 3 RELAY CONTROL CHART D 4 D CONTROL CODE DEVICE FUNCTION CONNECTOR 5 * SEE ASSEMBLY INSTRUCTIONS C C B B 02-NOV-2015 MODULE (DAUGHTER BD) TEMPLATE ENGINEER DATE ANALOG - HARDWARE SERVICES SCHEMATIC DEV CES - HARDWARE SYSTEMS HW TYPE : MODULE - Product(s): Zynq / AD9361 TEST ENGINEER <PRODUCT_1> - A COMPONENT ENGINEER PACKAGE : PinCount-lead N/A Package-family A - : Pitch-pitch StyleVendor Style TEST PROCESS <User Define> - HARDWARE RELEASE <User Define> - <User Define> DESIGNER MASTER PROJECT TEMPLATE TESTER TEMPLATE DRAWING NO. REV. S.LEE/ TBD no_template PTD ENGINEER UNLESS OTHERWISE SPECIFIED DIMENSIONS ARE IN INCHES TOLERANCES 02_038702 C <PTD_ENGINEER> DECIMALS FRACTIONS ANGLES P.O SPEC. BK/BD SPEC. SOCKET OEM OEM PART# HANDLER CHECKER SIZE SCALE CODE ID NO. X.XX +-0.010 +-1/32 +-2 - X.XXX +-0.005 DD 1:1 CodeID SHEET 1 OF 10 8 7 6 5 4 3 2 1 8 7 6 5 4 3 2 1 REVISIONS REV DESCRIPTION DATE APPROVED PHY1_1V8 3.3V E16 PHY1_VDD_3V3 PS_MIO17_501_ETH0_TX_D0 PS_MIO26_501_ETH0_RX_D3 PHY1_AVDD_1V8_OUT PS_MIO18_501_ETH0_TX_D1 PS_MIO25_501_ETH0_RX_D2 1 2 PHY1_AVDD_1V8 E13 L0805 1 2 PS_MIO19_501_ETH0_TX_D2