Sentences with phrase «as authorized participants»

The process of creation / redemption involves a few large specialized investors, known as authorized participants (APs).

The Initial Purchaser will not act as an Authorized Participant with respect to the initial Baskets, and its activities with respect to the initial Baskets will be distinct from those of an Authorized Participant.

Not exact matches

Authorized participants may wish to invest in the ETF shares long - term, but usually act as market makers on the open market, using their ability to exchange creation units with their basic securities to provide liquidity of the ETF shares and help ensure that their intraday market price approximates to the net asset value of the underlying assets.

As of the date of this prospectus, -LSB--RSB- have each signed an Authorized Participant Agreement with the Trust and, upon the effectiveness of such agreement, may create and redeem Baskets as described abovAs of the date of this prospectus, -LSB--RSB- have each signed an Authorized Participant Agreement with the Trust and, upon the effectiveness of such agreement, may create and redeem Baskets as described abovas described above.

Holders of Shares of the Trust may redeem their Shares at any time acting through an Authorized Participant and in the prescribed aggregations of [50,000] Shares; provided, however, that redemptions of Shares may be suspended during any period in which regular trading on the [EXCHANGE] is suspended or restricted, or in which an emergency exists as a result of which delivery, disposal or evaluation of Bitcoins is not reasonably practicable.

Authorized Participants are cautioned that some of their activities will result in their being deemed participants in a distribution in a manner which would render them statutory underwriters and subject them to the prospectus - delivery and liability provisions of the Securities Act of 1933, as amended («Securities Act»), as described in «Plan of DistribuParticipants are cautioned that some of their activities will result in their being deemed participants in a distribution in a manner which would render them statutory underwriters and subject them to the prospectus - delivery and liability provisions of the Securities Act of 1933, as amended («Securities Act»), as described in «Plan of Distribuparticipants in a distribution in a manner which would render them statutory underwriters and subject them to the prospectus - delivery and liability provisions of the Securities Act of 1933, as amended («Securities Act»), as described in «Plan of Distribution.»

Authorized Participants may act for their own accounts or as agents for broker - dealers, custodians and other securities market participants that wish to create or redParticipants may act for their own accounts or as agents for broker - dealers, custodians and other securities market participants that wish to create or redparticipants that wish to create or redeem Baskets.

acting on behalf of either which the Trustee believes is given as authorized by the Trust Agreement or a custody agreement, respectively, or (2) from or on behalf of any Authorized Participant which the Trustee believes is given pursuant to, or is authorized by, an Authorized Participant Agreement (provided that the Trustee has complied with the verification procedures specified in the Authorized Participant Aauthorized by the Trust Agreement or a custody agreement, respectively, or (2) from or on behalf of any Authorized Participant which the Trustee believes is given pursuant to, or is authorized by, an Authorized Participant Agreement (provided that the Trustee has complied with the verification procedures specified in the Authorized Participant AAuthorized Participant which the Trustee believes is given pursuant to, or is authorized by, an Authorized Participant Agreement (provided that the Trustee has complied with the verification procedures specified in the Authorized Participant Aauthorized by, an Authorized Participant Agreement (provided that the Trustee has complied with the verification procedures specified in the Authorized Participant AAuthorized Participant Agreement (provided that the Trustee has complied with the verification procedures specified in the Authorized Participant AAuthorized Participant Agreement).

A transfer of Bitcoins from the Trust Custody Account may only be made as follows: (1) by transferring Bitcoins to an Authorized Participant Custody Account in connection with a redemption of one or more Baskets; (2) by transferring Bitcoins to the Sponsor's Custody Account to pay the Sponsor's Fee; (3) by delivering the Bitcoins to such party as the

When in the opinion of the Director of Purchase it will not create any burden or hardship upon the County and the anticipated prices will not be adversely affected thereby, the Director is authorized when he deems appropriate and as may be requested by the participants to provide in any particular County bid specification that the participants in Erie County shall have the right to make purchases based upon the bids received by the County.

As an authorized user of the Formative Assessment for Michigan Educators (FAME) website, I understand any and all materials and resources I access through this website are for my personal use and for use with my Learning Team, as a registered participant in the Formative Assessment for Michigan Educators (FAME) projecAs an authorized user of the Formative Assessment for Michigan Educators (FAME) website, I understand any and all materials and resources I access through this website are for my personal use and for use with my Learning Team, as a registered participant in the Formative Assessment for Michigan Educators (FAME) projecas a registered participant in the Formative Assessment for Michigan Educators (FAME) project.

Daily access to information concerning the Fund's portfolio holdings also is permitted (i) to certain personnel of those service providers that are involved in portfolio management and providing administrative, operational, risk management, or other support to portfolio management, including affiliated broker - dealers and / or Authorized Participants, and (ii) to other personnel of the Advisor, Sub-Advisor, and other service providers, such as the Administrator, and fund accountant, who deal directly with, or assist in, functions related to investment management, administration, custody and fund accounting, as may be necessary to conduct business in the ordinary course in a manner consistent with agreements with the Fund and / or the terms of the Fund's current registration statement.

A special class of institutional investors known as «authorized participants» (APs) have the ability to create or destroy shares of the ETF at any time.

A NextShares fund may also determine, upon receiving a purchase or redemption order from an Authorized Participant, to require the purchase or redemption, as applicable, to be made entirely in cash.

The ETFs are managed by an authorized participant (also referred to as a market maker or specialist), with the stocks themselves typically loaned out of different pension funds.

Because ETFs are created from a large pool of equities, the authorized participant is typically a leading money management firm such as Barclays Global Investors.

Only Authorized Participants such as market makers or institutions can purchase or redeem shares directly from the Fund.

Authorized Participants This term typically refers to large financial institutions, such as specialist firms and market makers, which are involved in the creation and redemption activity of exchange - traded funds.

Authorized participants may wish to invest in the ETF shares for the long - term, but usually act as market makers on the open market, using their ability to exchange creation units with their underlying securities to provide liquidity of the ETF shares and help ensure that their intraday market price approximates to the net asset value of the underlying assets.

Large financial institutions called «Authorized Participants», or «APs», partner with an ETF provider such as iShares.

For example, judges presiding in drug courts and monitoring the progress of participants in those courts» programs may be authorized and even encouraged to communicate directly with social workers, probation officers, and others outside the context of their usual judicial role as independent decision makers on issues of fact and law.

As sponsor, ACAM has retained prominent service providers including Sidley Austin LLP (legal counsel), Ernst & Young (auditor), Continental Stock Transfer & Trust (transfer agent) and SecondMarket (marketplace, custodian and authorized participant).

If you register as an Real Estate Professional User, you represent, warrant, and agree that: (1) you are a licensed real estate broker, or licensed real estate agent, and if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agreement.

A multiple listing service is defined as a facility for the orderly correlation and dissemination of listing information among Participants so that they may better serve their clients and customers and the public; is a means by which authorized Participants make blanket unilateral offers of compensation to other Participants (acting as subagents, buyer agents, or in other agency or nonagency capacities defined by law); is a means by which information is accumulated and disseminated to enable authorized Participants to prepare appraisals and other valuations of real property; and is a means by which Participants engaging in real estate appraisal contribute to common databases.