Common use of Short-Term Trading Clause in Contracts

Short-Term Trading. You understand that in the event you direct the liquidation of securities and such instructions result in short-term trading (e.g. units of an investment fund held in the account are sold or switched within 30 days of depositing funds into the account), the manager of an investment fund may charge a fee in accordance with the provisions set out in the applicable prospectus. We will pass on such short-term trading fees to you.

Short-Term Trading. You understand The Client understands that in the event you direct he/she directs the liquidation of securities Securities and such instructions result in short-term trading (e.g. units of an investment fund held in the account Account are sold or switched within 30 days of depositing funds into the accountAccount), the manager of an investment fund may charge a fee in accordance with the provisions set out in the applicable prospectus. We BPIC will pass on such short-term trading fees to youthe Client.