Securities Valuation. It is understood that in determining security valuations, JFS shall employ one or more pricing services, as directed by Curian on behalf of the Funds, to determine valuations of portfolio securities for purposes of calculating net asset values of the Funds. JFS shall recommend to Curian a list of pricing vendors for Curian’s review and Curian will make a recommendation to the Funds’ Board of Trustees for approval. JFS shall price the securities and other holdings of the Funds for which market quotations or prices are available by the use of such services. For those securities where prices are not provided by the pricing service(s) utilized by JFS, JFS shall provide to Curian, without any determination of the resulting fair value, prices and related information that may be utilized by Curian, in the course of its authority delegated to it by the Board of Trustees to establish the fair value prices employing the method approved by the Board. The Funds are responsible for approving, in good faith, the method for determining the fair value of the securities, which such responsibility the Funds have delegated to Curian. Curian shall determine or obtain the valuation of the securities in accordance with those procedures and shall deliver to JFS the resulting prices for use in its calculation of net asset values. JFS is authorized to rely on the prices provided by such service(s) or by the Funds’ investment adviser(s) or other authorized representative of the Funds without investigation or verification.
Appears in 8 contracts
Samples: Sub Administration and Fund Accounting Services Agreement (Curian Series Trust), Sub Administration and Fund Accounting Services Agreement (Curian Variable Series Trust), Sub Administration and Fund Accounting Services Agreement (Curian Series Trust)
Securities Valuation. It is understood that in determining security securities valuations, JFS shall employ one or more pricing services, as directed by Curian on behalf of the FundsCompany, to determine valuations of portfolio securities for purposes of calculating net asset values value of the FundsCompany. JFS shall recommend to Curian a list of pricing vendors for Curian’s review and Curian will make a recommendation to the Funds’ Company’s Board of Trustees Directors for approval. JFS shall price the securities and other holdings of the Funds Company for which market quotations or prices are available by the use of such services. For those securities where prices are not provided by the pricing service(s) utilized by JFS, JFS shall provide to Curian, without any determination of the resulting fair value, prices and related information that may be utilized by Curian, in the course of its authority delegated to it by the Board of Trustees Directors to establish the fair value prices employing the method approved by the Board. The Funds are Company is responsible for approving, in good faith, the method for determining the fair value of the securities, which such responsibility the Funds have Company has delegated to Curian. Curian shall determine or obtain the valuation of the securities in accordance with those procedures and shall deliver to JFS the resulting prices for use in its calculation of net asset valuesvalue. JFS is authorized to rely on the prices provided by such service(s) or by the Funds’ Company’s investment adviser(s) or other authorized representative of the Funds Company without investigation or verification.
Appears in 3 contracts
Samples: Sub Administration and Accounting Services Agreement (Curian Variable Series Trust), Sub Administration and Accounting Services Agreement (Curian Variable Series Trust), Sub Administration and Accounting Services Agreement (Curian Variable Series Trust)
Securities Valuation. It is understood that in determining security securities valuations, JFS shall employ one or more pricing services, as directed by Curian on behalf of the Funds, to determine valuations of portfolio securities for purposes of calculating net asset values of the Funds. JFS shall recommend to Curian a list of pricing vendors for Curian’s review and Curian will make a recommendation to the Funds’ Board of Trustees for approval. JFS shall price the securities and other holdings of the Funds for which market quotations or prices are available by the use of such services. For those securities where prices are not provided by the pricing service(s) utilized by JFS, JFS shall provide to Curian, without any determination of the resulting fair value, prices and related information that may be utilized by Curian, in the course of its authority delegated to it by the Board of Trustees to establish the fair value prices employing the method approved by the Board. The Funds are responsible for approving, in good faith, the method for determining the fair value of the securities, which such responsibility the Funds have delegated to Curian. Curian shall determine or obtain the valuation of the securities in accordance with those procedures and shall deliver to JFS the resulting prices for use in its calculation of net asset values. JFS is authorized to rely on the prices provided by such service(s) or by the Funds’ investment adviser(s) or other authorized representative of the Funds without investigation or verification.
Appears in 1 contract
Samples: Sub Administration and Fund Accounting Services Agreement (Curian Variable Series Trust)
