Delivery Obligation

From Open Risk Manual

Definition

Delivery Obligation. Obligation to make deliveries on transactions transacted under the Master Agreement, as specified in any Confirmation made by that party.

This and the Payment Obligation may be set out in one clause of the Master Agreement. This is the clause which obligates the parties to make the payments or deliveries in accordance with those Confirmations, which are generally messages. May be subject to other provisions in the Master Agreement. Example text: "Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement. "

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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