Page 80 - PRIAA Glossary

GLOBAL TRADE REPOSITORY (GTR)
The Depository Trust & Clearing Corporation’s cross-asset solution that will provide the industry with a central point for aggregating and reporting all relevant credits, equities, rates, commodities and FX derivative trades under various global regulations (the Dodd-Frank Act, OTC Derivatives Regulators Forum and other regulatory commitments). It allows regulators to have a transparent view on a financial institution’s submission of its trading portfolio.
globalCOAL
A global marketplace facilitator for trading coal and a provider of related services. globalCOAL is primarily involved in
the following: 1) Publishes SCoTA: A standard coal-trading agreement which combines standard T&Cs relevant to global coal transactions. 2) Online trading platform: A web platform for the online execution of coal trades with access to worldwide market participants, real-time market data and automatic trade matching and confirmation services. 3) Bespoke brokerage service: A brokerage service to help market players place and source non-standardised physical coal cargoes.
4) Price data: Publishes a coal market report with real-time coal market bids and offers. Also provides historical coal price indices. In recent years, globalCOAL worked with ICE Futures Europe to develop standard coal futures contracts.
GOLD FIXING (GOLD FIX)
The setting of the gold price at 10:30 AM (first fixing) and 3:00 PM (second fixing) in London by five representatives of the London Gold Market.
GOLD NO-CALC
A gold record in the DTCC Trade Information Warehouse where the payment amount cannot be calculated. The calculation cannot occur either because the product type
is generally excluded from the process or because a counterparty to the trade has deselected the trade from the payment calculation process.
GRACE PERIOD
The period in which a party potentially in default is permitted to make good a failure or breach. If the specified grace period
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