Statement of Purpose; Duties and Powers of the Trust. Creation and Declaration of Trust; Business of the Trust. 9
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Chinese Renminbi on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Chinese Renminbi, issue Baskets representing those deposits, distribute Chinese Renminbi upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Swiss Francs on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Swiss Francs, issue Baskets representing those deposits, distribute Swiss Francs upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of British Pounds, issue Baskets representing those deposits, distribute British Pounds upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Swedish Kronor on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Swedish Kronor, issue Baskets representing those deposits, distribute Swedish Kronor upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Japanese Yen on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Japanese Yen, issue Baskets representing those deposits, distribute Japanese Yen upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Mexican Pesos on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Mexican Pesos, issue Baskets representing those deposits, distribute Mexican Pesos upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Australian Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Australian Dollars, issue Baskets representing those deposits, distribute Australian Dollars upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Canadian Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Canadian Dollars, issue Baskets representing those deposits, distribute Canadian Dollars upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Singapore Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
(b) The Trust shall have the power to receive and hold deposits of Singapore Dollars, issue Baskets representing those deposits, distribute Singapore Dollar upon surrenders of Baskets, and perform acts incidental to the foregoing as provided in this Agreement, but the Trust shall not have the power to engage in any other business activities.
