Sentences with phrase «authorized participants for»

Issuers can use the services of one or more authorized participants for a fund.

In the event the Depository or the U.S. bank of which it is a branch becomes insolvent, the Depository's assets might not be adequate to satisfy a claim by the Trust or any Authorized Participant for the amount of Swiss Francs deposited by the Trust or the Authorized Participant, in such event, the Trust and any Authorized Participant will generally have no right in or to assets other than those of the Depository.

Not exact matches

Except for those executives who have an employment agreement that expressly provides for payment of an Award under the Bonus Plan in limited circumstances, in the event a participant's employment is terminated for any reason prior to the date of payment of an Award under the Bonus Plan, such participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a participant's employment terminates during the performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion, authorize the Company to pay, on a prorated basis, an Award determined in accordance with the terms and conditions of Bonus Plan.

ETF shares are created when an authorized participant deposits a portfolio of stocks into the fund in exchange for an institutional block of ETF shares (usually 50,000).

Continuing its entry into Bitcoin regulation, one week after the Coinflip action, on September 24, 2015, the CFTC again brought and settled charges related to Bitcoin, this time against TeraExchange LLC (Tera), a provisionally registered SEF, for failing to enforce its prohibition on wash trading and prearranged trading.15 At issue was a U.S. dollar — Bitcoin swap transaction from October 2014 between the only two market participants then authorized to trade on Tera.

In the event that one or more Authorized Participants having substantial interests in Shares or otherwise responsible for a significant portion of the Shares» daily trading volume on the [EXCHANGE] withdraw from participation, the liquidity of the Shares will likely decrease, which could adversely affect the market price of the Shares and adversely affect an investment in the Shares.

Prior to the delivery of the redemption distribution for a redemption order, the Authorized Participant must also have wired to the Trustee the non-refundable Transaction Fee due for the redemption order.

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.

Under each agreement between the Trustee and an Authorized Participant to establish an Authorized Participant Custody Account («Authorized Participant Custody Account Agreement»), the Trustee is not contractually or otherwise liable for any losses suffered by any Authorized Participant or Shareholder that are not the direct result of its own gross negligence, fraud or willful default in the performance of its duties under such agreement, and in no event will its liability exceed the market value of the Bitcoins in the Authorized Participant Custody Account at the time such gross negligence, fraud or willful default is discovered by the Trustee.

The procedures by which an Authorized Participant can redeem one or more Baskets will mirror the procedures for the creation of Baskets.

To the extent that aggregate short exposure exceeds the number of Shares available for purchase (for example, in the event that large redemption requests by Authorized Participants dramatically affect Share liquidity), investors with short exposure may have to pay a premium to repurchase Shares for delivery to Share lenders.

In addition to, and independent of, the initial purchases by the Initial Purchaser (described below), the Trust will issue Shares in Baskets to Authorized Participants in exchange for deposits of Bitcoins on a continuous basis.

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) project.

Authorized participants are responsible for acquiring the securities that the ETF wants to hold.

Are you saying Authorized Participants exert an upward pressure on the index by transmitting the demand for the index fund through to its underlying assets?

Each Business Day, Fund portfolio holdings information will be provided to the Distributor or other agent for dissemination through the facilities of the NSCC and / or other fee - based subscription services to NSCC members and / or subscribers to those other fee - based subscription services, including Authorized Participants, and to entities that publish and / or analyze such information in connection with the process of purchasing or redeeming Creation Units or trading shares of the Fund in the secondary market.

Authorized participants (APs) were net purchasers of domestic equity ETFs (+ $ 5.7 billion), adding money to the group also for a first week in four.

Authorized participants (APs) were net redeemers of domestic equity ETFs -LRB-- $ 0.5 billion), removing money from the group for the first week in three.

When I search for explanations of how index - tracking ETFs avoid tracking error, the following explanation is normally given: ETFs allow certain Authorized Participants to trade the underlying assets...

Authorized Participants may purchase and redeem Creation Units both for their own accounts and for customers.

A NextShares fund may permit cash to be substituted for some or all of the Basket instruments when: (a) the instruments are, for the purchase of a Creation Unit, not available in sufficient quantity; (b) the instruments are not eligible for trading by the Authorized Participant or the investor on whose behalf the Authorized Participant is acting; or (c) a holder of Fund shares investing in foreign instruments would be subject to unfavorable income tax treatment if the holder receives redemption proceeds in kind.

Authorized participants (APs) were net purchasers of domestic equity ETFs (+ $ 18.7 billion), injecting money into the group also for the second week in three.

Fund sponsors are responsible for providing that information only to authorized participants who are the direct owners of creation units.

The authorized participants (APs) need a fund composition file each day that lists the securities to turn in for a creation unit.

When rising demand for the shares causes them to trade at a higher price (i.e., at a premium), the Authorized Participant (AP) may find it profitable to create shares by buying the underlying securities, exchanging them for ETF shares, and then selling those shares into the market.

The QJSA authorizes the retirement plan to make periodic payments to the participant until his or her death and then make periodic payments to the surviving spouse for his or her remaining life.

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.

Open one pooled account where the plan administrator manages the investment activity for the entire plan, OR establish separate accounts and authorize each participant or the plan administrator with management of the investment activity

These seemingly opposite interests in ETFs make for a large and lucrative market not just for the ETF operators like BlackRock's iShares and State Street Global Advisors SPDRs, but also for the authorized participants — institutions that can create or redeem large blocks of new shares in an ETF (called creation units) for sale, and countless brokers that profit by trading ETF shares.

If authorized, registered participant agree to comply with Pooch Partners» instructions and accepts full responsibility for their safety and complete liability.

All Participants are responsible for all uses of assigned passwords, whether or not actually or expressly authorized by the Participant.

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.

«While bitcoin liquidity has improved dramatically in recent years — and average daily trading volume now resembles that of the average security in the S&P midcap 400 — it would be hard for the ETF's authorized participants to acquire $ 300M worth of bitcoin without significantly pushing price up,» notes the report.

It is an information exchange for and between professionals by which information is accumulated and disseminated to enable authorized participants to prepare appraisals and other valuations of real property; and by which participants engaging in real estate appraisal contribute to common databases.

MLS Policy Statement 7.85 authorizes MLSs to establish local rules, at the MLS's discretion, that require participants to grant licenses for storage, reproduction, compiling and distribution of listings and listing information to the extent necessary to fulfill the defined purpose of MLS.

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.