Common use of EFP Order Execution Clause in Contracts

EFP Order Execution. The CTA may utilize the FX Desk to execute EFP transactions. The futures leg of an EFP will be subject to the futures brokerage fee. The CTA should contact the FX Desk for information on EFP trade execution procedures. • The CTA is responsible for conversion into US dollars of all Fund foreign currency balances created as a result of futures and/or FX trading. The CTA, at its own discretion, should place conversion orders directly to the FX desk.

Appears in 5 contracts

Samples: Advisory Agreement (LV Futures Fund L.P.), Advisory Agreement (Morgan Stanley Managed Futures HV, L.P.), Advisory Agreement (Morgan Stanley Managed Futures LV, L.P.)

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EFP Order Execution. The CTA may utilize the MSC FX Desk to execute EFP transactions. The futures leg of an EFP will be subject to the futures brokerage fee. The CTA should contact the MSC FX Desk for information on EFP trade execution procedures. • The CTA is responsible for conversion into US dollars of all Fund foreign currency balances created as a result of futures and/or FX trading. The CTA, at its own discretion, should place conversion orders directly to the MSC FX deskDesk or with MSC Futures Ops.

Appears in 1 contract

Samples: Advisory Agreement (Orion Futures Fund Lp)

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EFP Order Execution. The CTA may utilize the FX Desk to execute EFP transactions. The futures leg of an EFP will be subject to the futures brokerage fee. The CTA should contact the FX Desk for information on EFP trade execution procedures. • The CTA is responsible for conversion into US dollars of all Fund foreign currency balances created as a result of futures and/or FX trading. The CTA, at its own discretion, should place conversion orders directly to the FX desk.

Appears in 1 contract

Samples: Advisory Agreement (Morgan Stanley Managed Futures MV, L.P.)

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