Redemption Requests. After the Transfer Agent has received a Submission for a redemption request for Shares and Deemed Received such submission as set forth below in Section IV, the Transfer Agent shall initiate procedures to transfer the requisite securities (or contracts to purchase such securities expected to be delivered within two Business Days) through DTC and the DTC Participant and the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system so as to be received by the Beneficial Owner no later than (i) 3:00 p.m. Eastern Time on the Transmittal Date for T+0 Orders; or 3:00 p.m. Eastern time on the following Business Day on which the Submission is Deemed Received by the Transfer Agent for T+1 Orders.
Appears in 6 contracts
Samples: Participant Agreement (Invesco Exchange-Traded Self-Indexed Fund Trust), Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Actively Managed Exchange-Traded Commodity Fund Trust)
