Contractual Settlement. (a) Through the CNS Clearing Process Except as provided below, the Redemption Baskets must be delivered through the NSCC to a DTC account maintained by the Custodian on or before the Settlement Time, after acceptance of the Redemption Order, together with receipt of the Transaction Fee. The Redemption Distribution will be credited to the Participant at the Settlement Time through the CNS system, assuming timely delivery of Redemption Baskets and the Transaction Fee through the CNS system in accordance with the terms, conditions and guarantees as set forth in the CNS agreements to which the Custodian and Participant have entered into.
Appears in 11 contracts
Samples: Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust), Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust), Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust)
Contractual Settlement. (a) Through the CNS Clearing Process Except as provided below, the Redemption Baskets must be delivered through the NSCC to a DTC account maintained by the Custodian on or before the Settlement Time, after acceptance of the Redemption Order, together with receipt of the Transaction Fee. The Redemption Distribution will be credited to the Participant at the Settlement Time through the CNS NSCC’s Continuous Net Settlement (CNS) system, assuming timely delivery of Redemption Baskets and the Transaction Fee through the CNS system in accordance with the terms, conditions and guarantees as set forth in the CNS agreements to which the Custodian and Participant have entered into.
Appears in 2 contracts
Samples: Authorized Participant Agreement (Market Vectors Commodity Trust), Participant Agreement (STREAM S&P Dynamic Roll Global Commodities Fund)
