De Minimis Transaction definition

De Minimis Transaction means a transaction in an equity security (or an equivalent security) which is equal to or less than 300 shares, or is a fixed-income security (or an equivalent security) which is equal to or less than $15,000 principal amount. Purchases and sales, as the case may be, in the same security or an equivalent security within 30 days will be aggregated for purposes of determining if the transaction meets the definition of a De Minimis Transaction.

De Minimis Transaction means a transaction or series of transactions (in a related security) in a given day involving no more than 1000 shares of an equity Security issued by an issuer with a market capitalization (outstanding shares multiplied by current share price) of $5 billion or more, or (ii) no more than $25,000 investment in any issue of any corporate or international fixed-income issuer, or (iii) no more than $100,000 face value of any municipal security (other than ARS and not including new issues).

De Minimis Transaction means a transaction or series of transactions/2/ involving (i) no more than 500 shares of an equity security (x) with an average monthly trading volume of 100 million shares or more or (y) issued by an issuer with a market capitalization (outstanding shares multiplied by current share price) of $1 billion or more or (ii) no more than the greater of $25,000 principal amount or 0.1% of the outstanding principal amount of any class of any corporate, municipal or international fixed-income security. The exception provided in this Section B.7. is not available to (x) Investment Personnel who cover the security or related securities, and (y) a Portfolio Manager who buys or sells the same security or a related security for one or more Managed Account during a period commencing seven days prior to and ending seven days after the transaction by the Managed Account.

Examples of De Minimis Transaction in a sentence

• The period during which personal securities transactions is prohibited is commonly referred to as a “blackout period.” The applicable blackout period depends on (i) whether your transaction is classified as a De Minimis Transaction as defined below; and (ii) whether you are an Access Person or an Investment Person.

• Short sales of any De Minimis Transaction or derivatives of any De Minimis Transaction where the underlying amount of Securities controlled is an amount otherwise permitted in this section.

• The period during which personal securities transactions are prohibited is referred to herein as a “Blackout Period.” The applicable Blackout Period depends on (1) whether your transaction is classified as a De Minimis Transaction as defined below; and (2) whether you are an Access Person or an Investment Person.

• Accordingly, a Covered Security or exchange traded fund that has a market capitalization within the requirements at the time of an initial transaction may fall below the required market capitalization at the time of a subsequent transaction preventing an Access Person from being able to rely on the De Minimis Transaction exemption to effect the subsequent transaction.

• De Minimis Transaction Examples: (All values are in US Dollars) StarCompliance will calculate whether a transaction meets the De Minimis thresholds and will take this into account when determining whether to approve or deny a personal trade.

More Definitions of De Minimis Transaction

De Minimis Transaction means a purchase or sale of any:

De Minimis Transaction means a purchase or sale of an Exchange Traded Fund (ETF) involving no more than the sum of $10,000 per transaction. If however, during any two consecutive calendar quarters, aggregate purchase or sale transactions by the Supervised Person in ETF shares of the same issuer exceed a cumulative value of $30,000, a subsequent transaction in the issuer’s securities during that period shall no longer be regarded as a De Minimis Transaction.

De Minimis Transaction means a purchase or sale transaction of less than $25,000 (excluding customary brokerage commissions).

De Minimis Transaction means a transaction in an investment that is too small from a Conflict of Interest perspective to materially impact Mondrian Clients. A de minimis transaction is one where the trade has a nominal value of less than £1000/$1500 (NB: this does not cover derivative exposure).

De Minimis Transaction means a transaction or series of transactions(2) involving:

De Minimis Transaction means one transaction per month of no more than $25,000 in a single Equity Security. Larger or more frequent transactions in Equity Securities must be precleared. If a request for preclearance is made, but is denied, a De minimis Transaction may not then be executed in that issuer for a period of seven calendar days.

De Minimis Transaction means a purchase or sale of an Exchange Traded Fund (ETF) involving no more than the sum of $10,000 per transaction. If however,