DTC Process definition
DTC Process means the process for effecting purchases orders or redemption requests of Creation Units through DTC other than through the use of the CNS System.
DTC Process means the process for effecting purchases orders or redemption requests of Creation Units through DTC other than through the use of the CNS System. 1.22 “FINRA” means the Financial Industry Regulatory Authority. 1.23 “FinCEN” shall have the meaning set forth in Section 3.01. 1.24 “Fund Deposit” means the Deposit Securities plus or minus the “Balancing Amount”. 1.25 “Fund Securities” means in-kind redemption proceeds of a designated portfolio of equity and/or fixed income securities selected by the Adviser. 1.26 “Indemnified Party” shall have the meaning set forth in Section 6.01. 1.27 “Intraday Indicative Value” means the value of the Fund, as calculated and published by the New York Stock Exchange or any similar exchange or widely recognized industry organization, throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, on a per share basis. 1.28 “Listing Exchange” shall have the meaning set forth in Section 8.01. 1.29 “NAV” shall have the meaning set forth in Section 6.03. 1.30 “OFAC” shall have the meaning set forth in Section 3.01. 1.31 “Orders” shall have the meaning set forth in Section 2.02.
Examples of DTC Process in a sentence
The Participant may purchase and/or redeem Creation Units of Shares through (i) the CNS Process or (ii) the DTC Process.