Common use of Prime Broker Clause in Contracts

Prime Broker. Only a credit institute, a regulated investment company or another entity may be mandated. Such a prime broker will be subject to regulatory oversight and constant monitoring and will offer services to professional investors in order to primarily finance or carry out transactions with financial instruments as a counter-party, and will possibly offer other services such as the clearing and settlement of transactions, custodianship services, securities lending and customised technologies and facilities for business support. A prime broker may be appointed by the depositary as a sub-depositary, or by the AIFM as a business partner. Further information on the prime broker, if available, is available in the fund specific Appendix A "Overview of Funds".

Prime Broker. Only a credit institute, a regulated investment company or another entity may be mandated. Such a prime broker will be subject to regulatory oversight and constant monitoring and will offer services to professional investors in order to primarily finance or carry out transactions with financial instruments as a counter-party, and will possibly offer other services such as the clearing and settlement of transactions, custodianship services, securities lending and customised technologies and facilities for business support. A prime broker may be appointed by the depositary Depositary as a sub-depositaryDepositary, or by the AIFM as a business partner. Further information on the prime broker, if available, is available can be found in the fund specific Appendix A Prospectus under "Overview of Fundsthe AIF".