Clearing House Protections. On many exchanges, the performance of a transaction by a broker (or the third party with whom he is dealing on VKAM's behalf) is "guaranteed" by the exchange or its clearing house. However, this guarantee is unlikely in most circumstances to cover VKAM and may not protect VKAM if the broker or another party defaults on its obligations to VKAM. There is no clearing house for traditional options, nor normally for instruments which are not traded under the rules of a recognized or designated investment exchange.
Appears in 8 contracts
Samples: Agreement (Van Kampen Corporate Bond Fund), Agreement (Van Kampen Trust II), Agreement (Van Kampen Equity Trust Ii)
Clearing House Protections. On many exchanges, the performance of a transaction by a broker (or the third party with whom he is dealing on VKAM's behalf) is "guaranteed" by the exchange or its clearing house. However, this guarantee is unlikely in most circumstances to cover VKAM and may not protect VKAM if the broker or another party defaults on its obligations to VKAM. There is no clearing house for traditional options, nor normally for instruments which are not traded under the rules of a recognized recognised or designated investment exchange.
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Van Kampen Retirement Strategy Trust), Sub Advisory Agreement (Van Kampen Retirement Strategy Trust)
