Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate VKAM's position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. VKAM should only permit MSIM in the Investment Guidelines to invest the Fund in off-exchange warrants if VKAM is fully aware of the risks involved.
Appears in 8 contracts
Samples: Agreement (Van Kampen Corporate Bond Fund), Agreement (Van Kampen Equity Trust Ii), Investment Sub Advisory Agreement (Van Kampen Bond Fund)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate VKAM's position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. VKAM should only permit MSIM in the Investment Guidelines to invest the Fund Funds in off-exchange warrants if VKAM is fully aware of the risks involved.
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Van Kampen Retirement Strategy Trust), Sub Advisory Agreement (Van Kampen Retirement Strategy Trust)
