Common use of Portfolio Management Services Clause in Contracts

Portfolio Management Services. 15.2.1. The Portfolio Management investment service is a specialised service of managing a portfolio of financial instruments for a particular Client, aimed at achieving the Client’s investment objectives through an individual approach tailored to the Client's needs (hereinafter: Portfolio Management). The portfolio of financial instruments (hereinafter: Portfolio) consists of all legally permissible financial instruments entered the Portfolio by the Client or acquired in the process of Portfolio Management. For the avoidance of doubt, the term "financial instruments" shall refer only to the instruments which are suitable for achieving the purpose of the Agreement and in which the Company is authorised to invest the Client's funds. The Portfolio may consist of only such financial instruments which are owned exclusively by the Client. Financial instruments which are owned jointly or co-owned by more than one person may not be entered into the Portfolio. Also, it is impossible to arrange for joint management of a Portfolio consisting of financial instruments of multiple owners. Portfolio Management includes, but not exclusively: a. purchase and sale of financial instruments traded on regulated markets or other trading venues, b. investment in other financial instruments, c. monitoring the status of the Client's Portfolio daily, d. reporting to the Client on the Portfolio value on quarterly basis and when vary with 10% (ten percent) e. reporting to the Client at the end of the calendar year regarding the results achieved that year and x. performing any other activities and tasks necessary for Portfolio Management. If the portfolio value falls below the minimum initial payment amount due to a single or multiple pay-out to the Client from the Portfolio in the course of the Portfolio Management service provision, the Company is entitled to cancel the Agreement. The Company shall perform the Portfolio Management activities in its own name and for the Client's account.

Portfolio Management Services. 15.2.1. The Portfolio Management investment service is a specialised service of managing a portfolio of financial instruments for a particular Client, aimed at achieving the Client’s investment objectives through an individual approach tailored to the Client's needs (hereinafter: Portfolio Management). The portfolio of financial instruments (hereinafter: Portfolio) consists of all legally permissible financial instruments entered the Portfolio by the Client or acquired in the process of Portfolio Management. For the avoidance of doubt, the term "financial instruments" shall refer only to the instruments which are suitable for achieving the purpose of the Agreement and in which the Company is authorised to invest the Client's funds. The Portfolio may consist of only such financial instruments which are owned exclusively by the Client. Financial instruments which are owned jointly or co-owned by more than one person may not be entered into the Portfolio. Also, it is impossible to arrange for joint management of a Portfolio consisting of financial instruments of multiple owners. Portfolio Management includes, but not exclusively: a. purchase and sale of financial instruments traded on regulated markets or other trading venues, b. investment in other financial instruments, c. monitoring the status of the Client's Portfolio daily, d. reporting to the Client on the Portfolio value on quarterly basis and when vary with 10% (ten percent) e. reporting to the Client at the end of the calendar year regarding the results achieved that year and x. f. performing any other activities and tasks necessary for Portfolio Management. If the portfolio value falls below the minimum initial payment amount due to a single or multiple pay-out to the Client from the Portfolio in the course of the Portfolio Management service provision, the Company is entitled to cancel the Agreement. The Company shall perform the Portfolio Management activities in its own name and for the Client's account.

Portfolio Management Services. 15.2.1. The Portfolio Management investment service is a specialised service of managing a portfolio of financial instruments for a particular Client, aimed at achieving the Client’s investment objectives through an individual approach tailored to the Client's needs (hereinafter: Portfolio Management). The portfolio of financial instruments (hereinafter: Portfolio) consists of all legally permissible financial instruments entered the Portfolio by the Client or acquired in the process of Portfolio Management. For the avoidance of doubt, the term "financial instruments" shall refer only to the instruments which are suitable for achieving the purpose of the Agreement and in which the Company is authorised to invest the Client's funds. The Portfolio may consist of only such financial instruments which are owned exclusively by the Client. Financial instruments which are owned jointly or co-owned by more than one person may not be entered into the Portfolio. Also, it is impossible to arrange for joint management of a Portfolio consisting of financial instruments of multiple owners. Portfolio Management includes, but not exclusively: a. purchase and sale of financial instruments traded on regulated markets or other trading venues, b. investment in other financial instruments, c. monitoring the status of the Client's Portfolio daily, d. reporting to the Client on the Portfolio value on quarterly basis and when vary with 10% (ten percent) e. reporting to the Client at the end of the calendar year regarding the results achieved that year and x. and f. performing any other activities and tasks necessary for Portfolio Management. If the portfolio value falls below the minimum initial payment amount due to a single or multiple pay-out to the Client from the Portfolio in the course of the Portfolio Management service provision, the Company is entitled to cancel the Agreement. The Company shall perform the Portfolio Management activities in its own name and for the Client's account.