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Common use of CUSTOM BASKETS Clause in Contracts

CUSTOM BASKETS. The Trust has developed procedures for redemption using Custom Baskets. In order for a Fund to deliver a Custom Basket to an AP upon redemption rather than the basket of Deposit Securities published by NSCC together with the Cash Amount, any cash in lieu amounts and any other cash fees, the Distributor must notify the AP that the Fund would like to deliver a Custom Basket and identify the contents thereof on or prior to the time the AP calls with its redemption order and the AP must agree to take delivery of the Custom Basket in connection with the redemption. On or prior to trade date, the Transfer Agent must notify NSCC of the Deposit Securities to be added to or omitted from the redemption basket.

Appears in 3 contracts

Samples: Authorized Participant Agreement (Franklin ETF Trust), Authorized Participant Agreement (Columbia ETF Trust), Authorized Participant Agreement (Grail Advisors ETF Trust)

CUSTOM BASKETS. The Trust Company has developed procedures for redemption using Custom Baskets. In order for a Fund to deliver a Custom Basket to an AP upon redemption rather than the basket of Deposit Securities published by NSCC together with the Cash Amount, any cash in lieu amounts and any other cash fees, the Distributor must notify the AP that the Fund would like to deliver a Custom Basket and identify the contents thereof on or prior to the time the AP calls with its redemption order and the AP must agree to take delivery of the Custom Basket in connection with the redemption. On or prior to trade date, the Transfer Agent must notify NSCC of the Deposit Securities to be added to or omitted from the redemption basket.

Appears in 1 contract

Samples: Authorized Participant Agreement (DBX ETF Trust)