Custodial Reconciliation Clause Samples

Custodial Reconciliation. The Administrator shall reconcile the following positions of each Portfolio against the records of the Custodian: · Securities holdings · Cash including cash transfers, fees assessed and other investment related cash transactions · Trade settlements

Custodial Reconciliation. The Administrator shall reconcile the following positions of each Fund against the records of the Custodian: . Securities holdings . Cash including cash transfers, fees assessed and other investment related cash transactions . Trade settlements Securities Pricing. The Administrator shall update each security position of each Fund as to the following: . Market prices obtained from approved sources including those listed on Appendix D or Fair Valuations obtained from an Authorized Person . M▇▇▇ to market of non-base receivables/payables utilizing approved foreign exchange quotations as quoted in Appendix D . M▇▇▇ to market of non-base currency positions utilizing the approved sources quoted in Appendix D or Fair Valuations obtained from an Authorized Person Investment Accounting. The Administrator shall provide the following investment accounting services as to each Fund: . Amortization/accretion at the individual tax lot level . General ledger entries . Book value calculations . Trade Date + 1 accounting . Calculation of Net Asset Value Per Share ("NAV") as of the close of business of the NYSE . Calculation of Fund monthly SEC yields Trade Date Accounting Information Reporting. The Administrator shall provide daily end of day accounting positions and ex-date-1 corporate actions transactions file based on the Administrator's fund accounting records and trades received from the Adviser and sub-advisers.

Custodial Reconciliation. The Administrator shall reconcile the following positions of the Fund against the records of the Custodian:

Custodial Reconciliation. The Administrator shall reconcile the following positions of the Portfolios against the records of the Custodian: ● Securities holdings ● Cash including cash transfers, fees assessed and other investment related cash transactions ● Trade settlements Securities Pricing. The Administrator shall update each security position of the Portfolios as to the following: ● Market prices obtained from approved sources including those listed on Appendix D or Fair Valuations obtained from an Authorized Person of the Portfolios ● Mark to market of non-base receivables/payables utilizing approved foreign exchange quotations as quoted in Appendix D ● Mark to market of non-base currency positions utilizing the approved sources quoted in Appendix D or Fair Valuations obtained from an Authorized Person Investment Accounting. The Administrator shall provide the following investment accounting services to the Portfolios: ● Amortization/accretion at the individual tax lot level ● General ledger entries ● Book value calculations ● Trade Date + 1 accounting ● Calculation of Net Asset Value Per Share (“NAV”) as of the close of business of the NYSE ● Calculation of 12 Official month end valuations per annum ● Monthly accounting package to be delivered for client review and approval

Custodial Reconciliation. The Administrator shall reconcile the following positions of the Funds against the records of the Custodian: • Securities, Futures and Over-the-Counter Contract (“OTC”) holdings • Cash including cash transfers, fees assessed and other investment related cash transactions • Trade settlements Securities, Futures and OTC Valuation. Using the Valuation Procedures set forth in Appendix D, the Administrator shall update each security, Futures and OTC position of the Funds as to the following: • Market prices obtained from approved sources including those listed on Appendix C or Fair Valuations obtained from an Authorized Person of the Funds or the Managing Owner • ▇▇▇▇ to market of non-base receivables/payables utilizing approved foreign exchange quotations as quoted in Appendix C • ▇▇▇▇ to market of non-base currency positions utilizing the approved sources quoted in Appendix C or Fair Valuations obtained from an Authorized Person of the Funds or the Managing Owner Investment Accounting. The Administrator shall provide the following investment accounting services to each Portfolio: • Amortization/accretion at the individual tax lot level • General ledger entries • Book value calculations • Trade Date + 1 accounting • Calculation of Net Asset Value Per Unit (“NAV”) as of the earlier of 4:00 p.m. New York time, the close of trading on the New York Stock Exchange (“NYSE”) or a mutually agreed upon time and published shortly after the close of trading on the NYSE The below matrix reflects mutually agreed upon NAV valuation deadlines: Fund Name Valuation Time Ultra Short Silver ProShares 7:00am Ultra Silver ProShares 7:00am Ultra Gold ProShares 10:00am UltraShort Gold ProShares 10:00am Ultra DJ-AIG Agriculture ProShares 2:15pm UltraShort DJ-AIG Agriculture ProShares 2:15pm Ultra DJ-AIG Commodity ProShares 2:30pm UltraShort DJ-AIG Commodity ProShares 2:30pm Ultra DJ-AIG Crude Oil ProShares 2:30pm UltraShort DJ-AIG Crude Oil ProShares 2:30pm Ultra Euro ProShares 4:00pm UltraShort Euro ProShares 4:00pm Ultra Yen ProShares 4:00pm UltraShort Yen ProShares 4 :00pm NAV/Portfolio Holding Dissemination: The Administrator will provide daily NAV and holdings data to Lipper and Morningstar. Financial Reporting Services • The Administrator shall accumulate information for and prepare • Within a 30 day period following the end of the Funds’ required monthly reporting period, an Account Statement in compliance with the requirements of the U.S. Commodity Futures Trading Commission ...

Custodial Reconciliation. The Sub-Administrator shall reconcile daily the following positions of the Fund against the records of the Fund’s custodian: • Securities holdings • Cash including cash transfers, fees assessed and other investment related cash transactions • Trade settlements Securities Pricing. For each instance in which the Fund’s NAV (defined below) is calculated, the Sub-Administrator shall update each security position of the Fund as to the following: • Market prices obtained from approved sources provided by the Fund or Fair Valuations obtained from an Authorized Person of the Fund • Mark to market of non-base receivables/payables utilizing approved foreign exchange quotations as quoted in Appendix E • Mark to market of non-base currency positions utilizing the approved sources quoted in Appendix E or Fair Valuations obtained from an Authorized Person of the Fund Investment Accounting. The Sub-Administrator shall provide the following investment accounting services to the Fund: • Amortization/accretion at the individual tax lot level • General ledger entries • Book value calculations • Trade capture on Trade Date + 1 basis • Record income on all Fund investments • Calculation and reconciliation of Net Asset Value Per Share (“NAV”) as of the close of business of the NYSE on any day the NYSE is open for business • Access to Fund reports via Infuse • At the Fund’s request, report daily pricing to identified database companies • At the Fund’s request, report monthly portfolio holdings to identified database companies

Custodial Reconciliation. The Fund Accountant shall reconcile the following positions of each Portfolio against the records of the Custodian:

Custodial Reconciliation. The Administrator shall reconcile the following positions of each Portfolio against the records of the Custodian:

Custodial Reconciliation. The Administrator shall reconcile the following positions of each Portfolio against the records of the Custodian: • Securities holdings • Cash including cash transfers, fees assessed and other investment related cash transactions • Trade settlements Securities Pricing, The Administrator shall update each security position of each Portfolio as to the following: • Market prices obtained from approved sources including those listed on Appendix E or Fair Valuations obtained from an Authorized Person of the Fund • M▇▇▇ to market of non-base receivables/payables utilizing approved foreign exchange quotations as quoted in Appendix E • M▇▇▇ to market of non-base currency positions utilizing the approved sources quoted in Appendix E or Fair Valuations obtained from an Authorized Person of the Fund Investment Accounting. The Administrator shall provide the following investment accounting services to each Portfolio: • Amortization/accretion at the individual tax lot level • General ledger entries • Book value calculations • Trade Date + 1 accounting • Calculation of Net Asset Value Per Share (“NAV”) as of the close of business of the NYSE