By trading
creation units for ETF's index securities, you are participating in an in - kind trade.
Similarly, the pool of outstanding ETF shares can be dried up if one of the fat cats swaps back
creation units for underlying shares in the basket.
So if you've got 50,000 shares of that ETF, then you could conceivably exchange
the creation unit for the underlying security.
Not exact matches
In particular, same - restaurant sales have now exceeded our estimate of industry performance
for 14 consecutive quarters, and new
units continue to significantly exceed their value -
creation hurdle.
Investors may acquire ETF Shares and tender them
for redemption through the Fund in
Creation Unit Aggregations only.
Liquidity is robust
for retail investors and block liquidity is strong as well, though trading in multiple
creation units could impact the underlying market.
Its basket of US Treasurys is highly liquid and it should be relatively easy
for institutional traders to trade in
creation units.
Some projects involve developing «zero liquid discharge» plants to ensure optimum recycling of water resources, and the
creation of production
units for recycled plastic to secure supply source.
The Deputy Head of Macroeconomic Research
Unit, Ministry of Finance, Dr. Millicent deGraft - Johnson who spoke on the governments short to medium - term development programme said it was aimed at providing opportunities
for growth and job
creation through the private sector, and had developed concrete reform actions to tackle key challenges to private investment such as ensuring macroeconomic stability and debt sustainability, improving the ease of doing business and enhancing access to affordable and long - term financing and de-risking instruments.
Usani said the Egmont Group of Financial Intelligence
Units did not ask
for the
creation of the NFIU as a separate agency but only asked
for a more autonomous NFIU.
In 2014, HCR set an agency record by financing the
creation or preservation of 9,363 affordable housing
units, including affordable homeownership opportunities
for more than one thousand families.
Oyekanmi explained that the commission received 3,789 requests nationwide
for the
creation of new polling
units, urging Nigerians to disregard the allegation
The modified proposal sets aside 75 percent of the market's ground floor retail space
for food - related businesses and also ensures the
creation of 150
units of affordable housing at Chelsea's Robert Fulton Houses.
• Ed Miliband has called
for a revival of «stewardship banking» in a wide - ranging speech calling
for more competition in banking, new curbs on bonuses and the
creation of a banking crime
unit in the Serious Fraud Office.
The plan calls
for the
creation of low - equity housing cooperatives, reinvesting in NYCHA housing, developing community land trusts, creating tax abatements
for developers and entrepreneurs who bring business into Central Brooklyn and hire local residents must be encouraged to hire locally, offering quality careers to residents and a moratorium on wealthy developers being allowed to buy up apartment buildings and leave the
units vacant.
«We first took cognizance of your extreme love
for the North when you courageously supported the then Jega - led INEC
creation of additional 30,000 polling
units, at a time southern leaders, led by former Vice President Alex Ekwueme, Chief Edwin Clark, Senator Femi Okuronmu and Bishop Bolanle Gbonigi, were strongly against it
for favouring the North against the South.
U-S Senator Charles Schumer is calling
for the
creation of a special
unit to target on - line sales of
And the relative success of the programs in those cities seemed to deliver numbers far smaller than Mr. de Blasio needs
for his plan, which calls
for the
creation or maintenance of 200,000 affordable
units in 10 years, to succeed.
He announced a $ 2.6 billion investment to pay
for the
creation of 15,000 supportive housing
units for the homeless and launched a sweeping new program to reach out to the street homeless.
Quinn also said that WIN is «very grateful to Governor Cuomo» — her return to public service after her failed bid
for mayor was as an advisor to Cuomo and she serves on a state homelessness task force — and she praised him
for finally giving his OK to release $ 2 billion in funding
for the
creation of more than 100,000 affordable and supportive housing
units in the state over the next five years.
«These include: training and capacity building
for electoral officials, promotion of inclusivity in the electoral process like youths, women, persons with disabilities, internally displaced persons; biometric registration of voters, delineation of electoral constituencies and geo - referencing of existing as well as the
creation of new polling
units.
Another bill calls
for the
creation of an affordable housing portfolio to keep track of the city's regulated housing
units.
The former governor also said there was need
for further decentralization and
creation of more police zones and
units across the country to take policing down to the people at the grassroots communities and villages.
He said: «Election Management Bodies in our sub-regions and beyond have deployed technology in one way or another to improve on the processes, administration and outcome of elections, ranging from training and capacity - building
for electoral officials, promotion of inclusivity in the electoral process (youths, women, PWDs, IDPs and out - of - country / diaspora voters), the biometric registration of voters, delineation of electoral constituencies, geo - referencing of existing as well as the
creation of new polling
units, establishment of robust electronic databases, accreditation of voters during elections, actual voting and the speedy and more accurate collation / transmission of results.
U-S Senator Charles Schumer is calling
for the
creation of a special
unit to target on - line sales of synthetic marijuana.
In order to ensure that individuals with developmental disabilities and mental health issues, and our seniors have a safe and comfortable place to call home, the IDC calls
for: (1) a $ 40 million fund to incentivize housing
for middle - and low - income seniors; (2) a $ 7,500 tax credit
for repairs to seniors» homes where the resident can not afford the cost of repairs; (3) the
creation of a $ 25 million housing disability fund to leverage private financing to develop or retrofit up to 1,400 housing
units for people with mental or developmental disabilities; and (4) setting aside $ 10 million of existing Medicaid redesign team supportive housing funds
for the upstate region.
The city asked
for the
creation of 12,000
units over 10 years; the state has offered 3,900
units over seven years, which the city says is insufficient.
The proposal provides
for the
creation of up to 1,000 residential
units, retail space, a potential school, open space, and other features such as a movie theater and a hotel, and the possible relocation of the Essex Street Market.
Worksheet or assessment - out of 20 marks
For use with Year 7
Creation Unit.
Aimed at Year 10 pupils revising
for the end of
unit test on
creation in Paper 1 Catholic Christianity.
These are resources
for a
unit on
creation, caring
for the environment.
Maybe you'll need a
creation tool to help students demonstrate their understanding of a food chain, or an app that gives students access to short passages
for a reading
unit on informational text.
For users who wish to view PDF files and other documents on their readers, Sony has incorporated new features on both units such as intuitive content zoom, adjustable contrast and brightness control, as well as automatic multiple page creation which will make for easier readi
For users who wish to view PDF files and other documents on their readers, Sony has incorporated new features on both
units such as intuitive content zoom, adjustable contrast and brightness control, as well as automatic multiple page
creation which will make
for easier readi
for easier reading.
The study makes a number of recommendations, from tax credits
for new housing development to repurposing of public and community - owned land and
creation of thousands more
units of rental housing by 2021.
Creation units are sold to broker - dealers who can pay
for the shares in various forms.
Creation unit sales can generate profits and losses
for the broker - dealer prior to exchange listing.
The State Street Global Advisors SPDR Series is one of the largest in the market
for ETF sector investing and offers an example
for how
creation units are utilized.
A
creation unit is a block of new shares sold by an exchange - traded fund (ETF) company to a broker - dealer
for sale on the open market.
Financial institutions provide in - kind securities and / or cash
for the market value of the
creation unit.
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.
Although designed
for individual investors, institutional investors play a key role in maintaining the liquidity and tracking integrity of the ETF through the purchase and sale of
creation units, which are large blocks of ETF shares that can be exchanged
for baskets of the underlying securities.
Investors may acquire ETF Shares and tender them
for redemption through the Fund in
Creation Unit Aggregations only.
Authorized Participants may purchase and redeem
Creation Units both
for their own accounts and
for customers.
Instead, the premium or discount to NAV at which share prices are quoted and transactions execute will vary depending on market factors then in effect, including the balance of supply and demand
for shares among investors, transaction fees and other costs in connection with purchasing and redeeming
Creation Units of shares, the cost and availability of borrowing shares, competition among market makers, the share inventory positions and inventory strategies of market makers, the profitability requirements and business objectives of market makers, and the volume of share trading.
Subject to certain limited exceptions, the Basket instruments paid or received by a fund are the same
for all purchases and redemptions of
Creation Units on the same day.
Higher and more uncertain costs to create and redeem
Creation Units generally translate into higher trading costs
for buyers and sellers of NextShares.
The number of shares in a
Creation Unit may vary from 5,000 shares to 50,000 shares
for NextShares funds and is stated in the fund's prospectus.
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.
Creations / Redemptions occur in
Creation Unit aggregations or multiples thereof and involve delivering a specified basket of securities to the fund in exchange
for ETF shares and vice versa.
Investors may aquire ETF Shares and tender them
for redemption through the Fund in
Creation Unit Aggregations only.