International Funds -- Redemption Orders. (a) A Participant must maintain appropriate securities broker-dealer, bank or other custody arrangements to which account Deposit Securities will be delivered in connection with a Redemption Order. If the Participant, or any party on whose behalf the Participant is acting, does not have appropriate arrangements to take delivery of the Deposit Securities in the relevant foreign jurisdiction(s) and it is not possible to make other such arrangements, the Participant will be required to receive redemption proceeds in cash, as described in paragraph (d) below.
Appears in 13 contracts
Samples: Authorized Participant Agreement (Pointbreak ETF Trust), Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Vi)
