Examples of Deposit Basket in a sentence
Units are issued through an in specie creation of a Deposit Basket with the remaining balances in cash and cash creation, and are redeemed in specie of a Redemption Basket with the remaining balances in cash and cash redemption.
The Cash Issue Component of a Creation Unit is the difference between the Issue Price of the Creation Unit as calculated in paragraph 58 and the Value of the Index Securities and non- Index Securities constituting a Deposit Basket on the relevant Transaction Date delivered to the Trustee.
When submitting the Creation Request, the Participating Dealer should tender to the Trustee the Index Securities and non-Index Securities as comprising a Deposit Basket for each Creation Unit no later than two (2) Dealing Days following the relevant Transaction Date, or such other number of Dealing Days following the relevant Transaction Date as may be determined and agreed between the Trustee and the Manager (the " Settlement Date") in accordance with the terms of the Participant Agreement.
Applications which are incomplete, invalid in any respect or not accompanied by Portfolio Deposit/ Basket, cheque or fund transfer instructions for the amount payable are liable to be rejected.
Deposit Basket in relation to any in specie subscription of CreationUnits, a portfolio of Securities determined and designated or approved by the Manager from time to time for the purposes of the creation of Units in specie in a Creation Unit size.
The application complete in all respects along with the Portfolio Deposit/ Basket, cheque, fund transfer instructions must be submitted to the Quantum AMC Mumbai Branch: 505, Regent Chambers, 5th Floor, Nariman Point, Mumbai - 400 021.
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Any cash accepted in lieu of Index Securities shall equal the closing price at the Valuation Point for the relevant Dealing Day of such Index Securities constituting part of the relevant Deposit Basket.
The Deposit Basket must be delivered to an account for the Fund on or before 2:00 pm (Hong Kong time) on the Settlement Date, and a cash amount (constituting the Cash Issue Component, Duties and Charges, initial charge and Transaction Fee) must be paid to the Trustee for the account of the Fund on or before 2:00 pm (Hong Kong time) on the Settlement Date.
Applications for creation of Units by Participating Dealers shall be made in kind and in cash (in exchange for Index Securities comprising a Deposit Basket plus or minus a Cash Issue Component) unless otherwise approved by the Manager on a case-by-case basis.