Difference between revisions of "Memorandum Of Understanding"

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A memorandum of understanding (MOU) is a legal agreement between two parties that carries less weight than a formal contract but more than an informal agreement, outlining the parties rights and responsibilities under the agreement. It is commonly used in international agreements and is also sometimes used as a synonym for letter of intent.
A memorandum of understanding (MOU) is a legal agreement between two parties that carries less weight than a formal contract but more than an informal agreement, outlining the parties rights and responsibilities under the agreement. It is commonly used in international agreements and is also sometimes used as a synonym for letter of intent.
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In the U.S. financial services industry, an MOU negotiated between an institution and its regulator or supervisor indicates that the bank, while not admitting any wrongdoing, will refrain from a practice deemed unsound by the regulator and take future action to correct the practice.<ref>{{cite web|url=http://www.allbusiness.com/glossaries/memorandum-understanding/4945382-1.html|name=Memorandum of understanding|org=Allbusiness.com|date=January 7, 2008}}</ref>
In the U.S. financial services industry, an MOU negotiated between an institution and its regulator or supervisor indicates that the bank, while not admitting any wrongdoing, will refrain from a practice deemed unsound by the regulator and take future action to correct the practice.<ref>{{cite web|url=http://www.allbusiness.com/glossaries/memorandum-understanding/4945382-1.html|name=Memorandum of understanding|org=Allbusiness.com|date=January 7, 2008}}</ref>
== Exchange MOUs ==


Many financial industry [[exchange]]s have signed MOUs with other exchanges in an effort to position themselves for a more global environment. These agreements between exchanges provide the opportunity to develop products that will benefit market users and enhance resources to educate individuals on the specific services of each exchange. Non-exchange MOUs have been agreed upon for the sharing of information and partnership opportunities.
Many financial industry [[exchange]]s have signed MOUs with other exchanges in an effort to position themselves for a more global environment. These agreements between exchanges provide the opportunity to develop products that will benefit market users and enhance resources to educate individuals on the specific services of each exchange. Non-exchange MOUs have been agreed upon for the sharing of information and partnership opportunities.


== Exchange MOUs ==
=== CME Group ===
=== CME Group ===
* CME and [[Osaka Securities Exchange]] signed an MOU on Sept. 3, 2008.<ref>{{cite web|url=http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=331815
* CME and [[Osaka Securities Exchange]] signed an MOU on Sept. 3, 2008.<ref>{{cite web|url=http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=331815
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