Common use of Tracking Error Risk Clause in Contracts

Tracking Error Risk. The goal of an ETF/ index fund is to track a specific market index, often referred to as the fund's target index. The difference between the returns of the index fund and the target index is known as a fund's tracking error. Tracking errors can have an unexpected material effect on an investor's returns. Trade Errors: Trade confirmations and account statements provided to you by ▇▇▇▇▇ shall be binding if you do not object, in writing, within three (3) calendar days in the case of trade confirmations, and ten (10) calendar days in the case of account statements, after transmittal to you by electronic delivery or otherwise. In the event a transaction error occurs in your account, you will need to notify Kedia to restore your account to the position it should have been in had the error not occurred.