Common use of Other Duties of OFI Clause in Contracts

Other Duties of OFI. OFI shall, at its own expense, provide and supervise the activities of all administrative and clerical personnel as shall be required to provide effective corporate administration for the Fund, including but not limited to: a) Maintenance of a database of all transactions, open position, portfolio and account/fund information. b) Preparation and maintenance of portfolio valuation reports and records based upon the daily activity reflecting cost and market valuations, realized gains and losses, and unrealized gains and losses on open position in accordance with the Memorandum of Association and Articles of Association of the Fund. c) Co-ordination of the receipt of account statements from all custodians such as brokers and other clearing organizations and reconcile portfolio positions and cash balances in all such accounts. d) Preparation and calculation of a daily net asset value of the fund in accordance with the Memorandum and Articles of Association of the Fund. e) Liaising with auditors, as appointed by the Fund from time to time, and the preparation of the Fund’s annual financial statements. OFI shall, at its own expense, provide such officers for the Fund as the Board of Directors may request.

Other Duties of OFI. OFI shall, at its own expense, provide and supervise the activities of all administrative and clerical personnel as shall be required to provide effective corporate administration for the Fund, including but not limited to: a) Maintenance of a database of all transactions, open position, portfolio and account/fund information. b) Preparation and maintenance of portfolio valuation reports and records based upon the daily activity reflecting cost and market valuations, realized gains and losses, and unrealized gains and losses on open position in accordance with the Memorandum of Association and Articles of Association of the Fund. c) Co-ordination of the receipt of account statements from all custodians custodian such as brokers and other clearing organizations and reconcile portfolio positions and cash balances in all such accounts. d) Preparation and calculation of a daily net asset value of the fund in accordance with the Memorandum and Articles of Association of the Fund. e) Liaising with auditors, as appointed by the Fund from time to time, and the preparation of the Fund’s 's annual financial statements. OFI shall, at its own expense, provide such officers for the Fund as the Board of Directors may request.