![]() ‘Index’ means the Swiss Market Index ( Bloomberg: SMI ). ‘Financial Intermediary’ means a regulated firm that is authorised by the Central Bank of Ireland to give investment advice and which is an appointed agent of the Bank. ‘Financial Advisor’ means a qualified financial advisor employed by the Bank or by a Financial Intermediary. Should any event occur that prevents one or more of the closing Index level observations being taken, the basis for calculating the Final Price may be adjusted at the discretion of the Bank having regard to the event in question. ‘ Final Price’ means the arithmetic average of the official closing Index level on the Final Valuation Date, on and on the 4th day (or next business day) of each of the preceding 5 months (7 observations in total). ‘ Execution Only’ means where your decision to invest is on your own initiative without investment advice having been provided by a Financial Advisor. ![]() ‘Business Day’ means a day ( other than Saturday or Sunday) on which banks in Ireland are generally open for business. ’ Business Customer’ means a sole trader, a company with a turnover of less than €3 million, pension funds, partnerships, trusts, co- ownerships, charities and any person opening an Account in his or her capacity as a professional advisor. ‘ Brochure’ means the document which explains the features and operation of the Swiss Account and includes these Terms and Conditions. ‘Bank, we, our, us’ means KBC Bank Ireland plc. ‘Application’ means the completed application form together with a correctly referenced deposit for lodgement to the Account and all ancillary documentation as may be required by the Bank to open the Account. ![]() Within 30 days of the end of each quarter in each calendar year, the AER must prepare a quarterly report for the previous quarter and make it available upon request to all Registered Participants and those participating jurisdictions that participated in the market during the quarter covered by the report.Īn action for breach of these rules or the Procedures may only be taken by the AER under the NGL.ĪER means Annual Equivalent Rate, calculated as the gross rate of interest adjusted for 365 days in a year. If the AER, after making a distribution determination, considers that an existing model standing offer to provide basic connection services or standard connection services may be inconsistent with the Distribution Network Service Provider's distribution determination (including the connection policy), the AER may require the Distribution Network Service Provider to submit a proposal under paragraph (a) to bring the model standing offer into consistency with the distribution determination.Ĭonsiders that the AER cannot state that it is implausible for the zero beta premium to be equal to or greater than the MRP using the work of Hong and Srear(2016) which shows that when investors do not share the same beliefs a weak or negative relation can appear in the data even in the absence of measurement problems.Ī Nominated Generator may give notice and information to the AER as required in clause 9.34.6(e) in advance if it becomes aware of the potential for the circumstances described in clause 9.34.6(c) or 9.34.6(d) to arise, and the giving of that notice and information will be taken to satisfy the requirements of the Nominated Generator in clause 9.34.6(e)(1) in respect of those circumstances.
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