VTP definition
Examples of VTP in a sentence
Mirae Asset VTP is a facility wherein unit holder(s) of designated open-ended Scheme(s) of Mirae Asset Mutual Fund can opt to transfer variable amount(s) linked to value of investments under VTP on the date of transfer at per-determined intervals from designated open-ended Scheme(s) of Mirae Asset Mutual Fund (Transferor Scheme) to the designated open-ended Scheme(s) of Mirae Asset Mutual Fund (Transferee Scheme).
Example of Calculation of Installment of Variable Transfer Plan:Source Scheme: Mirae Asset Savings FundTarget Scheme: Mirae Asset Emerging Bluechip Fund Suppose an investor chose a monthly VTP option from Mirae Asset Savings Fund to Mirae Asset Emerging Bluechip Fund of amount Rs.5000/- and he has already transferred three installments upto date August 1, 2015.
In as far as the daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month as specified in Section XIV.1 decreases by at least 20% under the duration of the contract, parties shall jointly review the extent of the collateral provided by the Borrower.
For details on Frequency and minimum applicable amount for SIP, STP and VTP refer the table below: FacilityFrequencyDay/DateCriteria*STP and VTPDailyMonday to FridayMinimum 5 Transfers of Rs.1000 each and in multiples of Re. 1/- thereafter.
So the market value of investment on the date of transfer is 13,300 (1400 x 9.5).The next installment as per the VTP will be calculated as per the following formulae: Higher of the following, Fixed Amount to be transferred per installment (Rs.5,000/-) OR [(Fixed Amount to be transferred per installment * Number of Installment including current installment) - Market Value of Target Scheme) = (Rs.5000*4)- 13,300 = Rs.6,700/-.
In the case of lay-off, the Parties shall endeavour to come to an agreement with respect to the VTP within no more than ten (10) days of the initiation of VTP negotiations and, where possible, to implement the VTP in advance of the issuance of lay-off notices.
If VS exercises the put option completely, VI will own 99% of APVS and accordingly 71.51% of VTP.
If agreement on the VTP is not reached, the Company shall offer the minimum outlined below.
The Market Area Manager shall accept direction-specific input and output nominations for the VTP in respect of quantities to be recorded in a Balancing Group.
The head of the institution shall decide and implement the processes which support the development and deployment of the VTP system.