Common use of TO BE COMPLETED BY TRUSTEE Clause in Contracts

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Final # of FXCH Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 5 contracts

Samples: Participant Agreement (Currencyshares Chinese Renminbi Trust), Participant Agreement (Currencyshares Chinese Renminbi Trust), Participant Agreement (Currencyshares Chinese Renminbi Trust)

AutoNDA by SimpleDocs

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Swiss Francs Final # of FXCH [FXF] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Swiss Franc Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares Swiss Franc Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Swiss Francs between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Swiss Francs also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Swiss Francs transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112006, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 5 contracts

Samples: Participant Agreement (Currencyshares Swiss Franc Trust), Participant Agreement (Currencyshares Swiss Franc Trust), Participant Agreement (Currencyshares Swiss Franc Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi British Pounds Final # of FXCH [FXB] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi British Pound Sterling Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares British Pound Sterling Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi British Pounds between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi British Pounds also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi British Pounds transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112006, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 4 contracts

Samples: Participant Agreement (Currencyshares British Pound Sterling Trust), Participant Agreement (Currencyshares British Pound Sterling Trust), Participant Agreement (Currencyshares British Pound Sterling Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Singapore Dollars Final # of FXCH FXW Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Singapore Dollar Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencySharessm Singapore Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Singapore Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Singapore Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Singapore Dollar transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 2 contracts

Samples: Participant Agreement (CurrencyShares Singapore Dollar Trust), Participant Agreement (CurrencyShares Singapore Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Mexican Pesos Final # of FXCH [FXM] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Mexican Peso Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares Mexican Peso Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Mexican Pesos between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Mexican Pesos also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Mexican Pesos transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112006, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 2 contracts

Samples: Participant Agreement (Currencyshares Mexican Peso Trust), Participant Agreement (Currencyshares Mexican Peso Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Russian Rubles Final # of FXCH XRU Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Russian Xxxxx Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencySharesSM Russian Xxxxx Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Russian Rubles between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Russian Rubles also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Russian Xxxxx transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]August 7, 20112008, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 2 contracts

Samples: Participant Agreement (CurrencyShares Russian Ruble Trust), Participant Agreement (CurrencyShares Russian Ruble Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Final # of FXCH Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares Chinese Renminbi Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi British Pound Sterling Final # of FXCH FXB Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi British Pound Sterling Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi British Pound Sterling Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi British Pounds between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi British Pounds also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi British Pounds transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112006, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares British Pound Sterling Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Singapore Dollars Final # of FXCH FXW Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Singapore Dollar Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencySharesSM Singapore Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Singapore Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Singapore Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Singapore Dollar transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares Singapore Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Euros Final # of FXCH FXE Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized TimeAuthorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Euro Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Euro Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Euro between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Euro also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Euro transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]December 2, 20112005, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Euro Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Japanese Yen Final # of FXCH FXY Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Japanese Yen Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Japanese Yen Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Japanese Yen between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Japanese Yen also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Japanese Yen transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112007, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares Japanese Yen Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Swedish Kronor Final # of FXCH FXS Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Swedish Krona Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Swedish Krona Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Swedish Kronor between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Swedish Kronor also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Swedish Kronor transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]June 8, 20112006, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Swedish Krona Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Singapore Dollars Final # of FXCH FXSG Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Singapore Dollar Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Singapore Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Singapore Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Singapore Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Singapore Dollar transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares Singapore Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi British Pounds Final # of FXCH FXB Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi British Pound Sterling Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi British Pound Sterling Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi British Pounds between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi British Pounds also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi British Pounds transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]June 8, 20112006, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares British Pound Sterling Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi EUROs Final # of FXCH FXE Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Trust shares Euro Shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Euro Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Euro between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Euro also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Euro transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]December 5, 20112006, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares Euro Trust)

AutoNDA by SimpleDocs

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi South African Rands Final # of FXCH FXW Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi South African Rand Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencySharesSM South African Rand Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi South African Rands between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi South African Rands also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi South African Rand transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares South African Rand Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Japanese Yen Final # of FXCH FXY Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Japanese Yen Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Japanese Yen Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Japanese Yen between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Japanese Yen also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Japanese Yen transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]February 1, 20112007, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Japanese Yen Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Canadian Dollar Final # of FXCH FXC Shares Final Cash Due to BNY Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Canadian Dollar Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi Canadian Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Canadian Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Canadian Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Canadian Dollars transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 20112006, between Rydex Specialized Products LLC, succeeded by Guggenheim Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares Canadian Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Final # of FXCH Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]August 16, 2011, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Chinese Renminbi Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Swiss Francs Final # of FXCH FXF Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Swiss Franc Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Swiss Franc Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Swiss Francs between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Swiss Francs also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Swiss Francs transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]June 8, 20112006, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Swiss Franc Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi South African Rand Final # of FXCH FX[ ] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi South African Rand Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares South African Rand Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi South African Rand between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi South African Rand also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi South African Rand transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011200 , between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares South African Rand Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Declined by the Trustee – Reason: Final # of Chinese Renminbi Singapore Dollars Final # of FXCH FXSG Shares Final Cash Due to Trustee Final Cash Due to AP Date Time Authorized TimeAuthorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Singapore Dollar Trust shares (the “Shares”) issuable by The Bank of New York Mellon, as trustee (the “Trustee”) of the Invesco CurrencyShares® Chinese Renminbi Singapore Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Singapore Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Singapore Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Singapore Dollar transferred to and held in the Trust’s accounts maintained in London, England by the London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ]August 7, 20112008, between Rydex Specialized Products LLC, succeeded by Invesco Specialized Products, LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Invesco CurrencyShares Singapore Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Chinese Renminbi Hong Kong Dollars Final # of FXCH FX[ ] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Hong Kong Dollar Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares Hong Kong Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Hong Kong Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Hong Kong Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Hong Kong Dollar transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011200 , between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares Hong Kong Dollar Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: _________Accepted by the Trustee _________Declined-Reason: :_______________________________________________ Final # of Chinese Renminbi Japanese Yen___________________ Final # of FXCH Shares FXY Shares________ ___________________________ ________ ____________________________________ Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Chinese Renminbi Japanese Yen Trust shares (the “Shares”) issuable by The Bank of New York MellonYork, as trustee (the “Trustee”) of the CurrencyShares® Chinese Renminbi CurrencyShares Japanese Yen Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Chinese Renminbi Japanese Yen between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Chinese Renminbi Japanese Yen also are described. Under these Procedures, Baskets may be issued only in consideration for Chinese Renminbi Japanese Yen transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of [ ], 2011200__, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (Currencyshares Japanese Yen Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!