Soft Dollar Arrangements definition

Soft Dollar Arrangements. Soft dollar arrangement means any agreement in any form under which the Bank receives services in return for investment business put with, booked with or routed through another institution or firm. The Bank is expressly authorized by the Customer to engage in soft dollar arrangements with its Agents, service providers, or any other third party, including but not limited to the sourcing of research reports on financial products and markets. The Customer agrees and acknowledges that such arrangements are in place to provide an overall better service for the Bank’s customers as a whole. The Customer also acknowledges that such arrangements can have an impact on the Services and Ancillary Services to be provided or procured by the Bank hereunder, including the Investments for and on behalf of the Customer.
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Soft Dollar Arrangements. The Collateral Manager has no formal arrangements with specific brokers or dealers to receive research or other services beyond transaction execution in exchange for brokerage commissions from client transactions (so called “soft dollar” arrangements). However, brokers or dealers may be selected who provide research reports and services to the Collateral Manager, including: proprietary broker-dealer company research and analyses; oral and written reports, statistics and advice about the economy, industries and individual securities’ or company investment opportunities; and reports on underwriting activity, bank rates, loan defaults, loan new issuance volumes and other capital markets statistics, both of which may be attractive for the Issuer or to the Collateral Manager; and opportunities to confer with company management. In accordance with Section 28(e) of the Securities Exchange Act of 1934, as amended, broker-dealers providing such services may be paid commissions on transactions for the Issuer in excess of those that other broker-dealers not providing such services might charge so long as the Collateral Manager determines in good faith the amount of commissions is reasonable in relation to the value of the brokerage and research services provided, taking into account all of the accounts over which the Varagon Entities exercise investment discretion. Recognizing the value of the brokerage and research services provided, the Collateral Manager may allow a brokerage commission or negotiated term in excess of that which another broker might have charged for effecting the same transaction.
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Soft Dollar Arrangements has the meaning ascribed thereto in Section 3.1(i)(v)(B).
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Examples of Soft Dollar Arrangements in a sentence

  • Soft Dollar Arrangements The Investment Manager may at its sole discretion, use certain brokers with which they have negotiated terms and conditions and commission rates.

  • Soft Dollar Arrangements The Investment Manager or the Sub-Investment Manager, as applicable, may at its sole discretion, use certain brokers with which they have negotiated terms and conditions and commission rates.

  • Grayhawk will also be required to provide clients with annual disclosure on Soft Dollar Arrangements.

  • Recommendation No. 11:Continue to Treat Claims Arising From Credits Received Pursuant to Soft Dollar Arrangements as General Creditor Claims Overview The term “soft dollars” refers to arrangements in which “a discretionary money manager receives research or other services from a broker-dealer in addition to transaction execution, and does so in exchange for the brokerage commissions from transactions for discretionary clients' accounts.” Thomas P.

  • Soft Dollar Arrangements- SAMG reserves the right, on behalf of its discretionary clients, to direct an amount of brokerage commissions to a broker-dealer, usually under an informal agreement, in return for research-related services and proprietary research that SAMG uses in making investment decisions for client accounts.

  • Soft Dollar Arrangements The Company may select particular brokers or dealers to effect portfolio transactions, which provide brokerage and research services to the Company or to the accounts it manages.

  • Symphony will develop a complete set of policies and procedures before Symphony enters into any Third Party Soft Dollar Arrangements.

  • Soft Dollar Arrangements Should Be Significantly Restricted Section 28(e) of the Securities Exchange Act of 1934 provides a safe harbor that permits money managers, including advisers to mutual funds, to pay for brokerage and research services with client commissions, subject to various conditions.

  • Discussion We understand that the ERISA Advisory Council’s Working Group on Soft Dollar Arrangements and Commission Recapture is considering whether to recommend that the DOL impose additional disclosure requirements regarding soft dollar practices.

  • The Company may enter into Commission Sharing Arrangements in relation to the Soft Dollar Arrangements.

Related to Soft Dollar Arrangements

  • Travel Arrangements means: (a) transportation: (b) accommodations: and (c) other specified services arranged by the Travel Supplier for the covered trip.

  • General Arrangement Drawings shall have the meaning set forth in Clause 3.1 (iii) (b);

  • legal arrangement means a trust or other similar arrangement;

  • referral arrangement means any arrangement in which a registrant agrees to pay or receive a referral fee;

  • Significant Transaction or Arrangement means any individual transaction or arrangement that exceeds or is likely to exceed 10% of the total revenues or total expenses or total assets or total liabilities, as the case may be, of the material unlisted subsidiary for the immediately preceding accounting year.

  • Interlocal Agreement means an agreement entered into under this act.

  • Interconnection arrangements means arrangements governing the physical connection of two or more networks to allow the use of another's network to hand off traffic where it is ultimately delivered (e.g., connection of a customer of telephone provider A to a customer of telephone company B) or sharing data and other information resources.

  • Currency Exchange Protection Agreement means, in respect of a Person, any foreign exchange contract, currency swap agreement, currency option or other similar agreement or arrangement designed to protect such Person against fluctuations in currency exchange rates.

  • Permitted Policy Amendment is an amendment, modification, termination or restatement of the Investment Policies, that is either (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b) required by applicable law or Governmental Authority, or (c) not material.