Description:

Does not have information to qualify the cost of the product or service.

Appears in:

• Bond Futures
• Buy Side Advisory
• Defence Manual
• Discounting of Receivables With or Without Recourse
• Documentary Collections (Export)
• Documentary Collections (Import)
• Equity Futures
• Fairness Opinion
• Forward
• Forward Rate Agreement
• FX Forward
• General Strategic Advisory
• Hedge Fund Derivatives
• Letter of Credit
• Letter of Credit and Guarantee Syndication
• Merger Advice
• Money Market Futures and Short Interest Rate Futures
• Non-Deliverable Forward
• Overdraft Facility
• Sell Side Advice
• Traditional Hawala

Addressed by:

• Documentary Evidence to Identity Parties and Details of Transaction: Agreement supported by underlying documentation (i.e., bills of lading, invoices, shipping documents, warehouse receipts, and warrants) that contains details of all parties to the transaction, currency, value, all countries involved, and the purpose of the transaction.
• Documentary Evidence to Support Conditions of Agreement Met: Agreement supported by underlying documentation (bills of lading, invoices, shipping documents, warehouse receipts, and warrants) containing details of all parties involved in the transaction, currency, value, all countries involved, the purpose of the transaction, and allowing payment only when all conditions outlined in the terms of the instrument have been met.
• Market Pricing: Prices are set by or marked to the market or checked against prices in the free market.
• Traded on Regulated Exchange: Traded on a regulated exchange in a low-risk jurisdiction.
• Transactional Due Diligence (TDD): Conducts a detailed examination of specific transactions identified as being higher risk.