Sentences with phrase «wrap agreements»

The stable value pool goes out and purchases derivatives known as wrap agreements in order to allow the bonds to be held at book value.

As a result, they began buying AAA assets in the structured product markets, and purchase wrap agreements that allowed those assets to be carried at book value rather than market value.

The thing is, a lot of things can be hidden by the various wrap agreements that stable value funds employ.

With most wrap agreements, once a payment is received or made by the wrapper, the wrapper enters into a countervailing transaction with the pool to pay or receive, respectively, a stream of payments over the life of the bond that was wrapped equal to the present value of the initial payment when the bond was tapped.

K12, Inc. is but one example which is miniscule in relation to the universe of enumerable third - party contractors and click - wrap agreements working with schools.

Nor does it render click - wrap agreements unenforceable.

Browse wrap agreements are enforceable only when the following conditions apply (according to the linked source):

You would need to pay an attorney to give a legal opinion as to whether your plan makes satisfies the «notice» requirement and the «manifest agreement» part in the way a click - wrap agreement does, or you could decide on your own, given these considerations and maybe cases cited in these two rulings.

The reason is tied to the wrap agreements negotiated for at least two of the fund's seven insurance providers, Pacific Life Insurance Co. and J.P. Morgan Chase & Co..

Leaving aside the wrap agreements that a stable value fund buys, stable value funds build a bond ladder with and average maturity of 1.0 to 4.5 years.

Typically, wrap agreements are only done on the highest rated bonds (AAA), so credit risk is not covered by most wrap agreements.

The wrap agreements agree to pay or receive money if any of the bonds have to be liquidated at a loss or gain respectively, thus making the fund whole for any book value loss.

* C. Kunz, J, Ottaviani, E. Ziff, J. Moringiello, K. Porter and J. DeBrow, «Browse - Wrap Agreements: Validity of Implied Assent in Electronic Form Agreements», 59 The Business Lawyer 279 (2003)

From the information provided, the website is using browse - wrap agreement, i.e. agreement to Terms of Service whereby you have not had to expressly read the Terms of service and press a button such as «I agree to the terms of service».

Although the law has upheld click - wrap agreements, companies should strive for meaningful consent.

In the case of seller bankruptcy, the seller should agree in the wrap agreement to execute a reaffirmation agreement on the wrapped debt (i.e., rather than surrendering the property to the lender seeking or otherwise seeking to avoid the debt).

The wrap agreement provides that if the seller fails to make payments to the wrapped lender the buyer may do so and receive credit against the wrapped note.