Relationship Between Parties Representation

Description

This smart field captures representations relating to the independence of the parties in entering into the transactions contemplated by the master agreement, including that each party (i) is acting independently and for its own account, (ii) has not relied on advice or recommendations of the other party with respect to any transaction, (iii) is capable of assessing the merits and understanding the risks of each transaction, and (iv) is not acting as the agent or fiduciary of the other party. This smart field was trained on International Swaps and Derivatives Association agreements.