Requirements for Exchange. All TSOs involved in the Exchange of FCR shall agree in a FCR Exchange Agreement upon their roles and responsibilities according to Article 173(5) and 126 of the SO GL. The exchange of FCR invokes a transfer of the FCR obligation from the Reserve Receiving TSO to the Reserve Connecting TSO for the considered Reserve Capacity on FCR according to Article 173 (3) of the SO GL. The Reserve Connecting TSO of Synchronous Area CE, as Reserve Connecting LFC Block, shall increase its K-Factor to integrate the exchanged FCR Capacity. The Reserve Receiving TSO of Synchronous Area CE, as Reserve Receiving LFC Block, shall not adjust its K-Factor.
Requirements for Exchange. Shareholders using this privilege must exchange Shares having a net asset value equal to the minimum investment requirements of the fund into which the exchange is being made. Before the exchange, the shareholder must receive a prospectus of the fund for which the exchange is being made. Upon receipt of proper instructions and required supporting documents, Shares submitted for exchange are redeemed and proceeds invested in the same class of Shares of the other fund. The exchange privilege may be modified or terminated at any time. Shareholders will be notified of the modification or termination of the exchange privilege.
Requirements for Exchange. Shareholders using this privilege must exchange Shares having a net asset value equal to the minimum investment requirements of the fund into which the exchange is being made. Before the exchange, the shareholder must receive a prospectus of the fund for which the exchange is being made. Upon receipt of proper instructions and required supporting documents, Shares submitted for exchange are redeemed and proceeds invested in the same class of shares of the other fund. The exchange privilege may be modified or terminated at any time. Shareholders will be notified of the modification or termination of the exchange privilege. TAX CONSEQUENCES An exercise of the exchange privilege is treated as a sale for federal income tax purposes. Depending upon the circumstances, a capital gain or loss may be realized. MAKING AN EXCHANGE Instructions for exchanges for the Federated Funds may be given in writing or by telephone. Written instructions may require a signature guar-
Requirements for Exchange. Shareholders using this privilege must exchange Shares having a net asset value equal to the minimum investment requirements of the fund into which the exchange is being made. Before the exchange, the shareholder must receive a prospectus of the fund for which the exchange is being made. Upon receipt of proper instructions and required supporting documents, Shares submitted for exchange are redeemed and proceeds invested in the same class of shares of the other fund. The exchange privilege may be modified or terminated at any time. Shareholders will be notified of the modification or termination of the exchange privilege. TAX CONSEQUENCES An exercise of the exchange privilege is treated as a sale for federal income tax purposes. Depending upon the circumstances, a capital gain or loss may be realized. MAKING AN EXCHANGE Instructions for exchanges for the Federated Funds may be given in writing or by telephone. Written instructions may require a signature guarantee. Shareholders of the Fund may have difficulty in making exchanges by telephone through brokers and other financial institutions during times of drastic economic or market changes. If a shareholder cannot contact his broker or financial institution by telephone, it is recommended that an exchange request be made in writing and sent by overnight mail to Federated Shareholder Services Company, 000 Xxxxxxx Xxxx -- 0xx Xxxxx, Xxxxx Xxxxxx, Xxxxxxxxxxxxx 00000. TELEPHONE INSTRUCTIONS Telephone instructions made by the investor may be carried out only if a telephone authorization form completed by the investor is on file with the Fund. If the instructions are given by a broker, a telephone authorization form completed by the broker must be on file with the Fund. If reasonable procedures are not followed by the Fund, it may be liable for losses due to unauthorized or fraudulent telephone instructions. Shares may be exchanged between two funds by telephone only if the two funds have identical shareholder registrations. Any Shares held in certificate form cannot be exchanged by telephone but must be forwarded to Federated Shareholder Services Company, X.X. Xxx 0000, Xxxxxx, Xxxxxxxxxxxxx 00000-0000 and deposited to the shareholder's account before being exchanged. Telephone exchange instructions are recorded and will be binding upon the shareholder. Such instructions will be processed as of 4:00 p.m. (Eastern time) and must be received by the Fund before that time for Shares to be exchanged the same day. S...
Requirements for Exchange. The DIP is also an exchange format, and as such it is essential that it is possible to transfer DIPs, for example between a repository and various access environments.
