🗞️ Dealer confirmation
A dealer confirmation is a legal document that outlines the terms of a transaction between a buyer and a seller. It includes the price, quantity, and delivery date of the goods or services being exchanged. The confirmation also states the obligations of each party, and any warranties or guarantees that are in place.
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Dealer Confirmation For Single-Dealer Drawdown Under Euro Medium Term Note Programme
The template focuses on the role of a dealer in the drawdown process. A dealer is an authorized financial institution responsible for selling or distributing debt securities issued under the EMTN Programme. The document outlines the necessary confirmations that the dealer needs to provide for a drawdown.
The template may cover various aspects such as the specific terms and conditions of the drawdown, the confirmation of the dealer's ability and intention to purchase the debt securities from the issuer, the pricing and timing of the drawdown, and any other relevant details specific to the single-dealer drawdown.
Under UK law, the template likely includes clauses and provisions that align with applicable regulations and guidelines governing the issuance and distribution of debt securities. This may involve addressing legal requirements, regulatory compliance, and standard commercial terms associated with such transactions.
Ultimately, this legal template aims to provide a structured and standardized agreement between the issuer and the dealer, ensuring a legally binding confirmation for the single-dealer drawdown under the EMTN Programme, while adhering to the relevant provisions of UK law.
Publisher
Genie AIJurisdiction
England and Wales
Associated business activities
Confirm EMTN programme
A Confirmation EMTN Programme is when an issuer agrees to sell bonds to a dealer, who will then resell them to investors. This allows the issuer to have more control over the price and timing of the sale, as well as choose which dealer to use.
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