Examples of Micro Securities in a sentence
The Capital Adjustment applicable to each class of Micro or Commodity Security on any day is published on the Issuer’s website at http://www.etfsecurities.com/retail/uk/en-gb/pricing.aspx.The formula and method of calculating the Price is the same for all classes of Individual Securities, all classes of Micro Securities and all categories of Index Securities.
Index Securities are comprised of Micro Securities of different classes.
Individual Securities are comprised of 1 million Micro Securities of the corresponding class.
Where the target number is less than the existing number, the number of Micro Securities comprised in the Index Security will be reduced at the beginning of each day following a Hedge Roll Day by the same number each day until the target number is reached after the last Hedge Roll Day.
Applications for Micro Securities will not be accepted unless the Issuer in its discretion determines to do so.
If an application for Micro Securities is accepted, the same procedures as apply to applications for Individual Securities will apply.
If this occurs, all Micro Securities and Individual Securities of that class will be redeemed, and all Index Securities which comprise Micro Securities of that class will be Rebalanced and as a result those Index Securities will include no exposure to the value of that commodity.
The price of an Index Security is the sum of the prices of the Micro Securities of which it is comprised.
The numbers and classes of Micro Securities which together comprise an Index Security are subject to change from time to time, as set out below under the heading “Rebalancing of Index Securities”.
Gli Index Securities sono costituiti da Micro Securities di classi diverse.