Index Receipt Agent definition

Index Receipt Agent means ▇.▇. ▇▇▇▇▇▇ acting in the capacity as “index receipt agent,” as such term is defined in the rules of NSCC, for the Trust.

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Index Receipt Agent means ▇.▇. ▇▇▇▇▇▇ acting in the capacity as “index receipt agent,” as such term is defined in the rules of NSCC, for the Trust. Instructions: means instructions which: (i) contain all necessary information required by ▇.▇. ▇▇▇▇▇▇ to enable ▇.▇. ▇▇▇▇▇▇ to carry out the Instructions; (ii) are received by ▇.▇. ▇▇▇▇▇▇ in accordance with the prevailing Security Procedures; and (iii) ▇.▇. ▇▇▇▇▇▇ reasonably believes have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which ▇.▇. ▇▇▇▇▇▇ may specify.

Index Receipt Agent means Bank acting in the capacity as “index receipt agent”, as such term is defined in the rules of NSCC, for the Trust. Instructions: means instructions which: (i) contain all necessary information required by Bank to enable Bank to carry out the Instructions; (ii) are received by Bank in writing or via Bank’s electronic instruction system, SWIFT, telephone, tested telex, facsimile or such other methods as are for the time being agreed by the Trust (or an Authorized Person) and Bank; and (iii) Bank reasonably believes have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which Bank may specify. Liabilities: means any liabilities, losses, claims, costs, damages, penalties, fines, obligations, or expenses of any kind whatsoever (including, without limitation, reasonable attorneys’, accountants’, consultants’ or experts’ fees and disbursements).

Examples of Index Receipt Agent in a sentence

Index Receipt Agent shall be entitled to charge to the account of the applicable ETF Series the amount of cash needed to cover the short delivery position.
The Trust or the ETF Series shall provide to Index Receipt Agent the information and terms that are necessary to settle each transaction, including the cash value of each security settlement, unless the Trust’s or the ETF Series’ Instruction is that delivery is to be made free of payment; provided, however, that any security that is not DTC eligible shall be settled consistent with standard market practice.
If Index Receipt Agent has received from the Authorized Participant the Creation Deposit and Creation Required Cash Collateral (if any) required to settle a creation order, the Index Receipt Agent will instruct the Transfer Agent to create the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account for transfer to the Authorized Participant.
Any Creation Required Cash Collateral shall be in the form of US dollars and will be held by Index Receipt Agent subject to the terms of the Custody Agreement and, if applicable, any Concentration Account Agreement.
Transactions Outside the Clearing Process shall be effected by Index Receipt Agent on a delivery versus payment and receive versus payment basis, and for DTC eligible securities, through DTC and in compliance with such terms and rules under which the DTC customarily operates.
In the event that Index Receipt Agent advances its own funds to cover an ETF Series short delivery position, Index Receipt Agent, in its discretion, may charge the applicable EFT Series interest on the amount of the advance at the rate that Index Receipt Agent charges for advances of a similar nature to similar customers of Index Receipt Agent, unless Index Receipt Agent and the Trust have mutually agreed in writing upon another rate.
If the Index Receipt Agent holds cash received from an Authorized Participant in connection with a creation order in excess of the amount of Creation Required Cash Collateral, Index Receipt Agent is authorized to return such collateral to the Authorized Participant once it exceeds a minimum threshold specified by Index Receipt Agent.
The Trust recognizes that on the creation and/or redemption of Creation Units of an ETF Series through the Clearing Process, Index Receipt Agent, on behalf of the applicable ETF Series, is obligated to deliver to NSCC on the settlement date the Cash Component (if applicable), and the required quantity of Creation Units or the required type and amount of Redemption Securities (as applicable) to create or redeem the Creation Units of the applicable ETF Series.
Moreover, Index Receipt Agent is authorized to accept from any Authorized Participant, both prior to and after the settlement date of each order, Deposit Securities in exchange for an off-setting amount of Creation Required Cash Collateral previously received in connection with such order.
Beginning on the trade date, Index Receipt Agent will compare (i) the Deposit Securities received from the Authorized Participant to (ii) the Deposit Securities required to create the Creation Unit.

More Definitions of Index Receipt Agent

Index Receipt Agent means Bank acting in the capacity as “index receipt agent,” as such term is defined in the rules of NSCC, for the Trust. Instructions: means instructions which: (i) contain all necessary information required by Bank to enable Bank to carry out the Instructions; (ii) are received by Bank in writing or via Bank’s electronic instruction system, SWIFT, telephone, tested telex, facsimile or such other methods as are for the time being agreed by the Trust (or an Authorized Person) and Bank; and (iii) Bank reasonably believes in good faith have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which Bank may specify .

Index Receipt Agent means Bank acting in the capacity as “index receipt agent,” as such term is defined in the rules of NSCC, for the Trust. Instructions: means instructions to the Bank which: (i) contain all necessary information required by Bank to enable Bank to carry out the Instructions; (ii) are received by Bank in accordance with the prevailing Security Procedures; and (iii) Bank believes in good faith have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which Bank may specify.

Index Receipt Agent means Bank acting in the capacity as “index receipt agent,” as such term is defined in the rules of NSCC, for the Trust. Instructions: means instructions which: (i) contain all necessary information required by Bank to enable Bank to carry out the Instructions; (ii) are received by Bank in accordance with the prevailing Security Procedures; and (iii) Bank believes in good faith have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which Bank may specify. Liabilities: means any liabilities, losses, claims, costs, damages, penalties, fines, obligations, or expenses of any kind whatsoever (including, without limitation, reasonable attorneys’, accountants’, consultants’ or experts’ fees and disbursements). NSCC: National Securities Clearing Corporation, a clearing agency that is registered with the SEC.

Index Receipt Agent means ▇.▇. ▇▇▇▇▇▇ acting in the capacity as “index receipt agent,” as such term is defined in Schedule B. Instructions: means instructions which: (i) contain all necessary information required by ▇.▇. ▇▇▇▇▇▇ to enable ▇.▇. ▇▇▇▇▇▇ to carry out the Instructions; (ii) are received by ▇.▇. ▇▇▇▇▇▇ in accordance with the prevailing Security Procedures; and (iii) ▇.▇. ▇▇▇▇▇▇ believes in good faith have been given by an Authorized Person or are transmitted with proper testing or authentication pursuant to terms and conditions which ▇.▇. ▇▇▇▇▇▇ may specify.