Excessive Trader Sample Clauses
The Excessive Trader clause is designed to address situations where a party engages in trading activity that exceeds agreed-upon limits or is deemed unreasonable under the contract. Typically, this clause sets specific thresholds or criteria for what constitutes excessive trading, such as a maximum number of trades or a volume cap within a certain period. If these limits are breached, the clause may trigger consequences like suspension of trading privileges, additional fees, or even termination of the agreement. Its core function is to prevent disruptive or risky trading behavior, thereby protecting both parties from potential financial instability or operational issues caused by excessive trading.
Excessive Trader. Software application that monitors the number of trades (exchanges, redemptions) that meet fund family criteria for excessive trading and automatically prevents trades in excess of the fund family parameters. § $___ setup /fund group of 1-5 funds, $___ setup /fund group of over 5 funds § $___ /account per year
Excessive Trader. Software application that monitors the number of trades (exchanges, redemptions) that meet fund family criteria for excessive trading and automatically prevents trades in excess of the fund family parameters. § $____ setup /fund group of 1-5 funds, $____ setup /fund group of over 5 funds § $____ /account per year
Excessive Trader. Upon request of the Fund, the Transfer Agent will provide the Fund with periodic reports on trading activity in the Fund based on parameters provided to the Transfer Agent by the Fund, as amended from time to time. The services to be performed by the Transfer Agent for the Fund hereunder will be ministerial only and the Transfer Agent shall have no responsibility for monitoring or reviewing market-timing activities. In consideration of the performance of the duties by the Transfer Agent pursuant to this Section, the Fund agrees to pay the Transfer Agent the fee set forth on Schedule 3.1 attached hereto and the reasonable Reimbursable Expenses (as defined in Section 3.2 below) that may be associated with these additional duties;
Excessive Trader. The Transfer Agent will monitor the Fund’s fully disclosed accounts using the Excessive Trader application. The Transfer Agent shall notify the Fund when an account has reached three (3) changes in direction within a thirty (30) day trading window at dollar thresholds greater than or equal to ten thousand dollars ($10,000.00), provide an Excessive Trader Exception Report and the trading history of the potential offending account, and send correspondence to Shareholders or broker-dealers. Upon the Fund’s request, the Transfer Agent shall place purchase restrictions on accounts, provide a monthly summary of all actively restricted accounts, and remove purchase restrictions when the time limits expire. In consideration of the performance of the duties by the Transfer Agent pursuant to this Section, the Fund agrees to pay the Transfer Agent the fee set forth on Schedule 3.1 attached hereto and the reasonable reimbursable expenses that may be associated with these additional duties.”
Excessive Trader. Software application that monitors the number of trades (exchanges, redemptions) that meet fund family criteria for excessive trading and automatically prevents trades in excess of the fund family parameters. § $500 setup /fund group of 1-5 funds, 6-15 funds $1,000 16 or more funds $1,500. § Monthly fee per account: Accounts w/o stops placed - $0.005 Accounts w/stops placed - $0.01 § Account Management − $200 /month (account management, lead reporting and database administration) § Inbound Teleservicing Only − Account Management - $250 /month − Call Servicing - $1.25 /minute § Lead Conversion Reporting (Closed Loop) − Account Management - $500 /month − Database Installation, Setup - $1,500 /fund group § Out-of-Pocket Expenses − Included but not limited to specialized programming, kit and order processing expenses, postage, and printing.