DEALING AND COUNTERPARTIES Clause Samples
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Advisors or the Fund to use a specific counterparty, the Local Manager undertakes to secure Best Execution (as defined in the FSA Rules) of all the Fund's transactions. In securing Best Execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Advisors or the Fund to rectify such failure or obtain compensation. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Advisors shall procure that the Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager may enter into soft commission arrangements from time to time with brokers who provide the Local Manager with research, and research related services. The Local Manager will secure Best Execution on all such transactions disregarding any benefit to the portfolio of assets of the Fund arising from such service. Annex 2 sets out the Local Manager's policy on soft commission. The Local Manager will provide ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Advisors with a general soft commission statement on at least an annual basis showing the amount of soft commission paid by the Local Manager as a percentage of the total commission paid during the year, total commission paid from the Fund's portfolio of assets during the year, and a description of the research and research related services received during the year.
1.4 The Local Manager may aggregate the Fund's orders with orders of other clients (whether or not connected with the Local Manager). ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Advisors is aware and has made the Fund aware that the aggregation of the Fund's orders with those of other clients may result in the Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orde...
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by MSIM or the Fund to use a specific counterparty, the Local Manager undertakes to secure Best Execution (as defined in the FSA Rules) of all the Fund’s transactions. In securing Best Execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of MSIM or the Fund to rectify such failure or obtain compensation. MSIM shall procure that the Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager may aggregate the Fund’s orders with orders of other clients (whether or not connected with the Local Manager). MSIM is aware and has made the Fund aware that the aggregation of the Fund’s orders with those of other clients may result in the Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orders had not been aggregated.
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by VKAM or the Fund to use a specific counterparty, the Local Manager undertakes to secure best execution (as defined in the FSA Rules) of all the Fund's transactions. In securing best execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of VKAM or the Fund to rectify such failure or obtain compensation. VKAM shall procure that the Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager does not enter into soft commission arrangements.
1.4 The Local Manager may aggregate the Fund's orders with orders of other clients (whether or not connected with the Local Manager). VKAM is aware and has made the Fund aware that the aggregation of the Fund's orders with those of other clients may result in the Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orders had not been aggregated.
1.5 Where execution of an order requires a series of transactions to complete, the Local manager will allocate the order to the Fund using the average price for the investment.
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by VKIAC or a Fund to use a specific counterparty, the Local Manager undertakes to secure Best Execution (as defined in the FSA Rules) of all the Fund's transactions. In securing Best Execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of VKIAC or the applicable Fund to rectify such failure or obtain compensation. VKIAC shall procure that such Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager may enter into soft commission arrangements from time to time with brokers who provide the Local Manager with research, and research related services. The Local Manager will secure Best Execution on all such transactions disregarding any benefit to the portfolio of assets of the applicable Fund arising from such service. Annex 2 sets out the Local Manager's policy on soft commission. The Local Manager will provide VKIAC with a general soft commission statement on at least an annual basis showing the amount of soft commission paid by the Local Manager as a percentage of the total commission paid during the year, total commission paid from the applicable Fund's portfolio of assets during the year, and a description of the research and research related services received during the year.
1.4 The Local Manager may aggregate a Fund's orders with orders of other clients (whether or not connected with the Local Manager). VKIAC is aware and has made the Funds aware that the aggregation of a Fund's orders with those of other clients may result in such Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orders had not been aggregated.
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by VKAM or a Fund to use a specific counterparty, the Local Manager undertakes to secure Best Execution (as defined in the FSA Rules) of all the Fund's transactions. In securing Best Execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of VKAM or the applicable Fund to rectify such failure or obtain compensation. VKAM shall procure that such Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager may aggregate a Fund's orders with orders of other clients (whether or not connected with the Local Manager). VKAM is aware and has made the Funds aware that the aggregation of a Fund's orders with those of other clients may result in such Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orders had not been aggregated.
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by MSIM or the Fund to use a specific counterparty, the Local Manager undertakes to secure Best Execution (as defined in the FSA Rules) of all the Fund’s transactions. In securing Best Execution, the Local Manager will take reasonable care to obtain the best available price in accordance with FSA Rules. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of MSIM or the Fund to rectify such failure or obtain compensation. MSIM shall procure that the Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager may enter into soft commission arrangements from time to time with brokers who provide the Local Manager with research, and research related services. The Local Manager will secure Best Execution on all such transactions disregarding any benefit to the portfolio of assets of the Fund arising from such service. The Local Manager will provide MSIM with a general soft commission statement on at least an annual basis showing the amount of soft commission paid by the Local Manager as a percentage of the total commission paid during the year, total commission paid from the Fund’s portfolio of assets during the year, and a description of the research and research related services received during the year.
1.4 The Local Manager may aggregate the Fund’s orders with orders of other clients (whether or not connected with the Local Manager). MSIM is aware and has made the Fund aware that the aggregation of the Fund’s orders with those of other clients may result in the Fund obtaining on some occasions a more favourable price and on others a less favourable price, than if such orders had not been aggregated.
DEALING AND COUNTERPARTIES. 1.1 The Local Manager will act in good faith and with due diligence in its choice and use of counterparties. Unless directed by VKAM or the Fund to use a specific counterparty, the Local Manager undertakes to secure best execution of all the Fund's transactions. In securing best execution, the Local Manager will take reasonable care to obtain the best available price. Subject thereto, the Local Manager may deal on such markets or exchanges and with such counterparties (including any affiliate) as it thinks fit. All transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and the Local Manager may take all such steps as may be required or permitted by such rules and regulations and/or by appropriate market practice.
1.2 If any counterparty should fail to deliver any necessary documents or to complete any transaction, the Local Manager will take all reasonable steps on behalf of VKAM or the Fund to rectify such failure or obtain compensation. VKAM shall procure that the Fund pay all reasonable costs and expenses properly incurred by the Local Manager.
1.3 The Local Manager does not enter into soft commission arrangements.
1.4 The Local Manager may aggregate the Fund's orders with orders of other clients (whether or not connected with the Local Manager). VKAM is aware and has made the Fund aware that the aggregation of the Fund's orders with those of other clients may result in the Fund obtaining on some occasions a more favorable price and on others a less favorable price, than if such orders had not been aggregated.
1.5 Where execution of an order requires a series of transactions to complete, the Local Manager will allocate the order to the Fund using the average price for the investment.
DEALING AND COUNTERPARTIES. 10.1 The Manager shall act in good faith and with all due skill, care and diligence in its choice, use and monitoring of counterparties.
10.2 In effecting transactions for the Fund the Manager shall ensure Best Execution at all times and, subject to any restrictions in Schedule 1, may deal on such markets or exchanges and with such counterparties as it thinks fit. All transactions will be effected by the Manager in accordance with the rules and regulations of the relevant market or exchange, and the Manager may take all such steps as may be required or permitted by such rules and regulations (including but not limited to MiFID) and/or by appropriate market practice.
10.3 If any counterparty should fail to deliver any necessary documents or to complete any transaction in due time, the Manager shall pursue all appropriate steps on behalf of the Client (but shall not be obliged to commence legal proceedings on behalf of the Client) to rectify such failure or obtain compensation (any such compensation being credited to the Fund) in lieu thereof.
10.4 Subject to the FSA Rules, COB Rules and MiFID, the Manager may without prior reference to the Client aggregate transactions for the Fund with those of other customers, provided that MSIM will not aggregate transactions with other customers unless the following conditions are met: (a) It is unlikely that the aggregation of transactions will work overall to the disadvantage of the Fund; (b) it is hereby disclosed to the Client that the effect of aggregation may work to its disadvantage in relation to the Fund; and (c) a transaction allocation policy will be established and effectively implemented, providing in sufficiently precise terms for the fair allocation of aggregated transactions.
DEALING AND COUNTERPARTIES. In effecting transactions for the Lloyd’s Deposit the Manager will seek Best Execution at all times and may (subject to the Schedule) deal on such markets or exchanges and, subject to clause 15.4 with such counterparties as it thinks fit. The Society agrees that all transactions will be effected in accordance with the rules and regulations of the relevant market or exchange, and that the Manager may take all such steps as may be required or permitted by such rules and regulations and/or by good market practice.
DEALING AND COUNTERPARTIES. 11. Derivatives