Fundserv definition

Fundserv means the facility maintained and operated by Fundserv Inc. for electronic communication with participating companies, including the receiving of orders, order match, contracting, registrations, settlement of orders, transmission of confirmation of purchases, and the redemption of investments or instruments.

Fundserv means either the network maintained and operated by Fundserv Inc. for electronic communication with participating companies, including the receiving of orders, order match, contracting, registrations and settlement of orders, transmission of confirmation of purchases, and the redemption of investments or instruments, or the applicable internal system maintained by the Bank.

Fundserv means Fundserv Inc. and its successors.

Examples of Fundserv in a sentence

• Fundserv enables its participants to clear certain financial product transactions between participants, to settle the payment obligations arising from such transactions, and to make other payments between themselves.

• Where a Holder’s purchase order for Deposits is made by a dealer or other firm using the Fundserv network, such dealer or other firm may not be able to accommodate a purchase of Deposits through certain registered plans for purposes of the Tax Act.

• Fundserv is owned and operated by both fund sponsors and distributors and provides distributors of funds and certain other financial products with online order access to such financial products, including the Deposits.

• Holders should consult their financial advisors as to whether their orders for Deposits will be made using the Fundserv network and any limitation on their ability to purchase Deposits through registered plans.

• In order to purchase Deposits using the Fundserv network, the full Principal Amount must be delivered to the Bank in immediately available funds prior to the Issuance Date.

More Definitions of Fundserv

Fundserv means FundSERV Inc.;

Fundserv means the order entry system operated by Fundserv Inc.

Fundserv means FundSERV Inc., a private company providing electronic clearing and settlement services to the Canadian investment fund industry.

Fundserv means Fundserv Inc., a corporation amalgamated under the Canada Business Corporations Act, or means its assignee, if Fundserv Inc. has exercised its right to assign its rights and obligations under the Agreement to any of its Affiliates or to any Person who succeeds to its rights and obligations with respect to the Services generally;

Fundserv means FundSERV Inc., a provider of the investment fund transaction processing system used by the Parties;

Fundserv means the fund transaction processing system operated in Canada by Fundserv Inc. that electronically connects issuers, distributors and intermediaries, enabling them to buy, sell and transfer securities among each other;

Fundserv means the fund transaction processing system operated in Canada by Fundserv Inc. that electronically connects issuers, distributors and intermediaries, enabling them to buy, sell and transfer securities among each other.