Investment Processing Sample Clauses

The Investment Processing clause outlines the procedures and requirements for handling and executing investment transactions under the agreement. It typically details the steps involved in submitting investment instructions, the timelines for processing such instructions, and any documentation or verification needed from the parties involved. This clause ensures that investments are processed efficiently and transparently, reducing the risk of errors or delays and providing clarity on the responsibilities of each party during the investment process.
Investment Processing. You must complete all investment transactions, including all communications and instructions, through your HSA website account. You may use your HSA website account to place orders for the purchase and sale of mutual funds or other investments we make available. You hereby authorize and direct us to accept such investment instructions from your HSA website account, to pay for mutual fund share purchases from your HSA, and to transfer proceeds from the sale of mutual fund shares to your Cash Account. (1) Business Day from receipt of complete and accurate Instructions. Your investment instructions received will be delayed one (1) Business Day if there are pending auto-investment transfers or one-time transfers. It is your responsibility to determine market holidays and when there is an early market closing, which would cause your investment instructions to be processed on the following Business Day. You agree that we rely only on instructions received through your HSA website account, and we have no duty to investigate any instructions. Our obligation to execute your instruction is contingent upon the determination that the instruction can be administered and the instructions have followed our procedures. Your investment instructions may be delayed at our discretion due to pending investment activity. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will provide you investment advice, or select or recommend mutual funds or other investments options for you. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will question whether an investment you select is appropriate or suitable for you. You agree that we will not be liable for any investment losses. A Financial Advisor may assume responsibility for rendering investment advice with respect to your HSA, and may offer an opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your HSA, only if you and the Financial Advisor enter into a separate agreement to provide investment advice to you. Investment transactions for your HSA will not be processed until we receive the funds to be invested and the instruction in proper form, and have established that all mutual funds selected for the Default Portfolio are eligible for trading through our broker-dealer trading partner. We are not responsible if a Financial Advisor or your HSA Administrator makes an incomplete or incorrect l...
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Investment Processing. 1. Initial and subsequent investments by checks, Fed wire, or Automated Clearing House ("ACH"). 2. Pre-authorized investment (PAD) through ACH system. 3. Prepare and process daily bank deposit of shareholder investments. 4. NSCC - FundSERV and networking trades.
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Investment Processing. The parties understand that errors happen in processing a retirement plan’s transactions. It is PCS’s policy that utmost care be taken in the handling and execution of trade orders and other transactions. However, errors may occur, including: • orders in amounts in excess of, or less than, the amount PCS was Instructed to trade; • orders to sell or redeem an Investment when it should have been purchased; • orders to purchase an Investment when it should have been sold or redeemed; • orders for the wrong Investment; or • orders contrary to investment restrictions, limitations, or investment policies. In correcting errors, the following principles apply: • For a single error caused by a Person other than PCS, PCS may seek reimbursement or monetary compensation from the service provider or other Person that caused the error, in an effort to minimize any loss. In determining the appropriate action to be taken, PCS may take into account the limitations placed upon its staff and other resources in connection with providing services to the affected plans on an ongoing basis, as well as other operating responsibilities. The determination of the action, if any, to be taken in connection with any such error may be made on a case-by-case basis. • For any single error caused by PCS that results in a loss, PCS will generally attempt to correct such error and to place the Plan in the same position as it would have been in but for the error. PCS will bear the costs, expenses, or losses associated with such an error. • For any single error caused by PCS that results in a gain, PCS will generally retain such gains as a component of PCS’s compensation for transaction processing services, including PCS’s agreement to make the Plan whole for any losses associated with PCS’s errors. • For multiple errors caused by PCS that result in a mix of losses and gains to the Plan, PCS will generally attempt to correct such errors and to put the Plan in the same position as it would have been in but for the errors. In correcting such errors, PCS may net any gains against the costs, expenses, and other losses of correcting the errors and losses to the Plan. To the extent that any such costs, expenses, and losses exceed any such gains, PCS bears the excess costs, expenses, and losses associated with the error correction. However, PCS will not net gains against the costs and expenses of correcting the errors and losses across multiple plans. These principles provide general guidance. Except...
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Investment Processing. 1. Initial investment 2. Subsequent investments processed through lock box 3. Pre-authorized investments (PAD) through ACH system 4. Government allotments through ACH system 5. Wire order and NSCC - Fund/SERV trades 6. Prepare and process daily bank deposit of shareholder investments
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Investment Processing. A. Establish and maintain Rights of Accumulation and Letter of Intent files. B. Initial investment (checks or Fed wires). C. Subsequent investments processed through lock box.
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Investment Processing. The parties understand that errors happen in processing a retirement plan’s transactions. It is AdvisorTrust’s policy that utmostcare be taken in the handling and execution of trade orders and other transactions. However, errors may occur, including: • orders in amounts in excess of, or less than, the amount AdvisorTrust was Instructed to trade; • orders to sell or redeem an Investment when it should have been purchased; • orders to purchase an Investment when it should have been sold or redeemed; • orders for the wrong Investment; or • orders contrary to investment restrictions, limitations, or investment policies. In correcting errors, the following principles apply: • For a single error caused by a Person other than AdvisorTrust, AdvisorTrust may seek reimbursement or monetary compensation from the service provider or other Person that caused the error, in an effort to minimize any loss. In determining the appropriate action to be taken, AdvisorTrust may take into account the limitations placed upon its staff and other resources in connection with providing services to the affected plans on an ongoing basis, as well as other operating responsibilities. The determination of the action, if any, to be taken in connection with any such error may be made on a case-by-case basis. • For any single error caused by AdvisorTrust that results in a loss, AdvisorTrust will generally attempt to correct such error and to place the Plan in the same position as it would have been in but for the error. AdvisorTrust will bear the costs, expenses, or losses associated with such an error. • For any single error caused by AdvisorTrust that results in a gain, AdvisorTrust will generally retain such gains as a component of AdvisorTrust’s compensation for transaction processing services, including AdvisorTrust’s agreement to make the Plan whole for any losses associated with AdvisorTrust’s errors. • For multiple errors caused by AdvisorTrust that result in a mix of losses and gains to the Plan, AdvisorTrust will generally attempt to correct such errors and to put the Plan in the same position as it would have been in but for the errors. In correcting such errors, AdvisorTrust may net any gains against the costs, expenses, and other losses of correcting the errors and losses to the Plan. To the extent that any such costs, expenses, and losses exceed any such gains, AdvisorTrust bears the excess costs, expenses, and losses associated with the error correction. However, AdvisorTru...
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Investment Processing. In certain sections, the policy places further limits upon the use of eligible investments or investment transactions. This process is specified in Exhibit C. Board Policy 111 The CFO is responsible for verifying investments and investment transactions. The Board Finance Committee(designee) and CFO are responsible all relevant documentation.
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Investment Processing. A. Establish and maintain Rights of Accumulation and Letter of Intent files. B. Initial investment (checks or Fed wires). C. Subsequent investments processed through lock box. D. Pre-authorized investments (PAD) through ACH system. E. Government allotments through ACH system. F. Wire order and NSCC - Fund/SERV trades. G. Prepare and process daily bank deposit of shareholder investments.
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Investment Processing. 1. Establish and maintain Rights of Accumulation and Letter of Intent files 2. Initial investment 3. Subsequent investments processed through lock box 4. Pre-authorized investments (PAD) through ACH system 5. Government allotments through ACH system 6. Wire order and NSCC - Fund/SERV trades 7. Prepare and process daily bank deposit of shareholder investments
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Related to Investment Processing

  • Payment Processing Citizens may require any other information from Vendor that Citizens deems necessary to verify any compensation request placed under this Agreement and Vendor agrees that it will provide such information as reasonably requested by Citizens. Payment shall be due net thirty (30) calendar days of Citizens’ actual receipt of a complete and undisputed invoice. Where a submitted invoice is incomplete, such as not containing the information described in this Section, Citizens will return the incomplete invoice to Vendor for correction within thirty (30) calendar days of Citizens’ actual receipt of such invoice. Where Citizens reasonably disputes any part of a complete invoice, such as the amount of the compensation request, Citizens shall pay any undisputed portion of the invoiced amount within (30) calendar days of Citizens’ actual receipt of the complete invoice and will describe the basis for the disputed portion of the invoiced amount. Where Vendor disagrees with Citizens dispute of any invoice, the Parties shall seek to resolve the dispute in accordance with the Dispute Resolution Process further described in this Agreement. In no case shall Citizens be subject to late payment interest charges where Vendor has submitted an incomplete invoice or where Citizens has reasonably disputed an invoice. Where Vendor fails to submit an invoice within twelve (12) calendar months of the Services for which compensation is being requested, Vendor acknowledges and agrees that any payment due for such Services is forfeited by Vendor for its failure to timely submit an invoice.

  • Investment Promotion 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and admit such investments in accordance with its legislation. 2. In particular, each Contracting Party shall permit the conclusion and the carrying out of licensing agreements and contracts for commercial, administrative or technical assistance, in so far as these activities were related to investments.

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the ▇▇▇▇ ▇▇▇) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Transaction Processing All orders are subject to acceptance by us and by the Fund or its transfer agent, and become effective only upon confirmation by us. If required by law, each transaction shall be confirmed in writing on a fully disclosed basis and if confirmed by us, a copy of each confirmation shall be sent to you if you so request. All sales are made subject to receipt of shares by us from the Funds. We reserve the right in our discretion, without notice, to suspend the sale of shares of the Funds or withdraw the offering of shares of the Funds entirely. Orders will be effected at the price(s) next computed on the day they are received if, as set forth in the applicable Fund’s current Prospectus, the orders are received by us or an agent appointed by us or the Fund prior to the close of trading on the New York Stock Exchange, generally 4:00 p.m. eastern time (“Close of Trading”). Orders received after that time will be effected at the price(s) computed on the next business day. All orders must be accompanied by payment in U.S. Dollars. Orders payable by check must be drawn payable in U.S. Dollars on a U.S. bank, for the full amount of the investment. If you have entered into a FundSERV Agreement with us to effect transactions in Fund shares through FundSERV, you are hereby authorized to act on our behalf for the limited purpose of receiving purchase, exchange and redemption orders for Fund shares executed through FundSERV. You represent and warrant that all orders for the purchase, exchange or redemption of Fund shares transmitted to FundSERV for processing on or as of a given business day (Day 1) shall have been received by you prior to the Close of Trading on Day 1. Such orders shall receive the share price next calculated following the Close of Trading on Day 1 .You represent and warrant that orders received by you after the Close of Trading on Day 1 shall be treated by you and transmitted to FundSERV as if received on the next business day (Day 2). Such orders shall receive the share price next calculated following the Close of Trading on Day 2. You represent that you have systems in place reasonably designed to prevent orders received after the Close of Trading on Day 1 from being executed with orders received before the Close of Trading on Day 1.

  • Sub-Processing 10.1 In respect of any Processing of Personal Data performed by a third party on behalf of a Party, that Party shall: (a) carry out adequate due diligence on such third party to ensure that it is capable of providing the level of protection for the Personal Data as is required by the contract, and provide evidence of such due diligence to the other Party where reasonably requested; and (b) ensure that a suitable agreement is in place with the third party as required under applicable Data Protection Legislation.