Examples of Sub-Fund in a sentence
Accordingly, the Sub-Fund may be at any time fully or partially exposed to one or more OTC swap transactions.
Alternatively, in order to achieve the investment objective, the Sub-Fund may invest part or all of the net proceeds of any issue of Units in one or more OTC swap transactions negotiated with the swap counterparties, and exchange the invested proceeds against the final payout.
The Sub-Fund will invest in a diversified portfolio consisting of any type of equities and equity-linked instruments, Money-Market Instruments, UCIs, UCITS, debt and debt-related instruments issued by companies having their registered office or exercising the preponderant part of their economic activities in any country or issued by a government of any country (all together the “Investment Strategy Portfolio”).
The Sub-Fund will further enter into an equity index swaps component (the “Equity Index Swap”) made of one or more swaps in order to achieve the protection objective set above.
In the event that the counterparty risk linked to a swap agreement exceeds 10% in respect of credit institutions or 5% in other cases of the assets of the Sub-Fund, the Sub-Fund shall cover this excess through security (“collateral”), e.g. equities, government bonds, investment grade money market papers, investment funds or cash.