Creation and Redemption Line definition

Creation and Redemption Line means a telephone number designated as such by the Trustee and specified in Annex I of the Procedures or otherwise communicated to each Authorized Participant in compliance with the notice provisions of the respective Authorized Participant Agreement.

Creation and Redemption Line means a telephone number for the BNYM ETF Order Desk Administrator designated as such by the Transfer Agent and communicated to each Authorized Participant in compliance with the notice provisions of the respective Authorized Participant Agreement.

Creation and Redemption Line means a telephone number for the BNYM ETF Order Desk Administrator designated as such by the Transfer Agent and communicated to each Authorized Participant in compliance with the notice provisions of the respective Authorized Participant Agreement.

Examples of Creation and Redemption Line in a sentence

• An Authorized Representative shall have placed a telephone call to the Trustee’s Creation and Redemption Line informing the Trustee that the Authorized Participant wishes to place a Purchase Order for a specified number of Baskets.

• An Authorized Representative shall have placed a telephone call to the Trustee’s Creation and Redemption Line informing the Trustee that the Authorized Participant wishes to place a Redemption Order for a specified number of Baskets.

• An Authorized Representative of the Purchasing Authorized Participant shall have placed a telephone call to the Creation and Redemption Line informing the Processing Agent that such Purchasing Authorized Participant wishes to place a Purchase Order for a specified number of Baskets (the “ Requested Baskets”); and Sch.