Master Agreement Representation

From Open Risk Manual

Definition

Master Agreement Representation. A representation made by one of the parties included in the master agreement

These typically include: Basic Representations - Status of the organization - Powers of the organization - Absence of conflicts - Existence of the relevant consents - Binding nature of the Agreement. Absence of default and similar events Absence of litigation Accuracy of information Tax representations (withholding; notifications) - Payer - Payee Representations as to the Credit Support Agreement Representations as to regulatory matters

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.