PRC Broker definition

PRC Broker means brokers in the PRC appointed by the Manager for the purposes of buying and selling onshore securities in the PRC invested into by the Sub-Fund.
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PRC Broker means, in relation to the China A Shares Fund, a Mainland China broker selected by the QFII Holder.
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PRC Broker means a domestic securities company that is a member of one or more Stock Exchange(s) and is appointed by or on behalf of the QFII Applicant pursuant to the QFII Regulations to deal with the QFII-related PRC Securities trading activities in the PRC.
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Examples of PRC Broker in a sentence

  • Should, for any reason, the relevant Compartments’ ability to use the relevant PRC Broker be affected, this could dis- rupt the operations of the relevant Compart- ments.

  • There is a risk that the relevant RQFII Access Fund may suffer losses from the default, insolvency or disqualification of a PRC Broker.

  • In such event, the relevant RQFII Access Fund may be adversely affected in the execution of transactions through such PRC Broker.

  • While up to three PRC Brokers can be appointed for each of the Shenzhen and Shanghai stock exchanges, as a matter of practice, it is likely that that only one PRC Broker will be appointed in respect of each stock exchange in the PRC as a result of the requirement in the PRC that securities are sold through the same PRC Broker through which they were originally purchased.

  • If a single PRC Broker is appointed, the relevant RQFII Access Fund may not pay the lowest commission available in the market.

  • There is a possibility that the RQFII may only appoint one PRC Broker for each of the SZSE and the SSE, which may be the same broker.

  • Should, for any reason, the relevant Compart- ments’ ability to use the relevant PRC Broker be affected, this could disrupt the operations of the relevant Compartments.

  • Notwithstanding the foregoing, the Investment Manager will seek to obtain the best net results for the RQFII sub-funds, taking into account such factors as prevailing market conditions, price (including the applicable brokerage commission or dealer spread), size of order, difficulties of execution and operational facilities of the PRC Broker involved and the PRC Broker’s ability to position efficiently the relevant block of securities.

  • In the event of any default of either the relevant PRC Broker or the PRC Custodian in the execution or settlement of any transaction or in the transfer of any funds or securities in the PRC, the Bosera STAR 50 ETF may encounter delays in recovering its assets which may in turn adversely impact the net asset value of the Bosera STAR 50 ETF.

  • To mitigate the Company’s exposure to the PRC Broker(s), the RQFII employs specific procedures to ensure that each PRC Broker selected is a reputable institution and that the credit risk is acceptable to the Company.


More Definitions of PRC Broker

PRC Broker means brokers in PRC appointed by a FII.”
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Related to PRC Broker

  • Principal broker means a broker who is either a real estate proprietor, a partner in a real estate partnership, or an officer in a real estate corporation.

  • Broker means any person engaged in the business of effecting transactions in securities for the account of others.

  • Customs Broker Agreement means an agreement, in form reasonably satisfactory to the Collateral Agent, in which the customs broker or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of such Inventory solely as directed by the Collateral Agent.

  • Pawnbroker means the same as that term is defined in Section 13-32a-102.