CASH PURCHASES. When, in the sole discretion of the Fund, cash purchases of Creation Units are available or specified for the Fund, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase. In addition, to offset Fund's brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant must pay a higher Transaction Fee.
Appears in 3 contracts
Samples: Agency Services Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust)
