Back Custom print Link Text Only Rich Text Print

  • [ D ]

    • Dealing in financial instruments as agent

      Dealing in financial instruments as agent means buying, selling, subscribing for or underwriting any financial instrument on behalf of a client (see LR-1.3.25 ff).

    • Dealing in financial instruments as principal

      Dealing in financial instruments as principal means buying, selling, subscribing for or underwriting any financial instrument on one's own account (see LR-1.3.22 ff).

    • Default

      Failure to service a credit in accordance with agreed terms, e.g. late or incomplete payments of principal or interest, or infringement of any other material provision of the credit documentation.

    • Default Funds

      Also known as clearing deposits or guarantee fund contributions (or any other names), are clearing members' funded or unfunded contributions towards, or underwriting of, a CCP's mutualized loss-sharing arrangements.

      Added: October 2018

    • Deposit(s) or deposit account(s)

      For the purposes of the CBB Law, refer to Resolution No. (23) of 2009 in respect of Definition of Deposit (see Appendix CP-2).

      Amended: October 2012

    • Deposit-taking

      The activity of accepting deposits (see LR-1.3.16).

      Amended: January 2013

    • Derivative(s)

      A generic term for a financial instrument whose value is dependent on, or derived from, the changes in the absolute or relative value of some underlying asset or market index or rate. Often used for futures, options and swaps.

      Amended: January 2015

    • Derivative contracts relating to commodities settled in cash

      Options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event).

    • Derivative contracts relating to commodities that can be physically settled

      Options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market and/or an MTF.

    • Designated market

      Any of the following investment exchanges:

      •  American Stock Exchange
      •  Australian Stock Exchange
      •  Bolsa Mexicana de Valores
      •  Bourse de Montreal Inc
      •  Channel Islands Stock Exchange
      •  Chicago Board of Trade
      •  Chicago Board Options Exchange
      •  Chicago Stock Exchange
      •  Coffee, Sugar and Cocoa Exchange, Inc
      •  Euronext Amsterdam Commodities Market
      •  Hong Kong Exchanges and Clearing Limited
      •  International Securities Market Association
      •  Johannesburg Stock Exchange
      •  Kansas City Board of Trade
      •  Korea Stock Exchange
      •  MidAmerica Commodity Exchange
      •  Minneapolis Grain Exchange
      •  New York Cotton Exchange
      •  New York Futures Exchange
      •  New York Stock Exchange
      •  New Zealand Stock Exchange
      •  Osaka Securities Exchange
      •  Pacific Exchange
      •  Philadelphia Stock Exchange
      •  Singapore Exchange Market
      •  South African Futures Exchange
      •  Tokyo International Financial Futures Exchange
      •  Tokyo Stock Exchange
      •  Toronto Stock Exchange

    • Digital Financial Advice

      Digital financial advice, also commonly known as robo-advice or automated advice is the advising on financial instruments as defined under LR-1.3.48 using algorithms and technology and with limited or no human financial advisor involvement.

      Added: April 2019

    • Director

      A person who acts in the capacity of director of a firm (whether appointed or not, or whether titled director or not). In the case of a sole trader, unincorporated body or partnership, a person directing its affairs, or a partner (of a partnership). Directors are a controlled function (cf. LR-1A.1.2).

      Amended: April 2012

    • Disabled customer(s)

      For the purpose of Module BC 'disabled' means: all those who suffer from permanent total or partial physical or sensory impairments as a result of illness, accident, congenital or hereditary factor that may prevent them from accessing banking and financial services on an equal basis with others. These are the customers who have the ability to make their own decisions but need assistance to do so, due to their circumstances. The term 'disabled' includes visual impairments and hearing impairments and physical impairments.

      People who have limited ability to take their own decisions (mental impairment) do not fall within this definition.

      Added: April 2016