Trade Processing Clause Samples

Trade Processing. The Fund will send to both HNB and Unified Fund Services a listing of all Portfolio Managers, both internal and external, authorized by the Fund to execute trades on its behalf. This list will be updated for the termination of a Manager, or for the addition of a Manager prior to the effective date of the addition. In addition, the Fund will send to HNB and Unified Fund Services a list of all persons approved by the Fund to authorize the purchase or sale of investments. This list will be updated when there is any change in authorization. Trade Execution Trade Date ---------- Fund Portfolio Managers write up a trade ticket and give to their brokers who, in turn, execute the trade. Trade Date + 1 -------------- Fund Portfolio Managers affirm trades confirmed by their chosen brokers through the DTC ID System. Unified Fund Services downloads affirmed trades automatically into their accounting system by specific fund. Portfolio Managers, who do not affirm trades, will forward copies of trade tickets to the Fund and/or Unified Fund Services who will manually verify trades against DTC Confirmations entered by the brokers. Upon trade verification the Fund and/or Unified Fund Services will instruct HNB to affirm the DTC ID Confirm using electronic file from advisors, designated by Fund. In this latter case, if a trade discrepancy is found, the Fund and/or Unified Fund Services will contact the trader to get a corrected trade ticket or await a cancel and rebill. A report from the Fund and/or Unified Fund Services accounting system is compared to the DTC affirmed trades listing or the trade tickets by 9:00 a.m. to ensure no importing or data entry errors have occurred. An authorized person for the Fund will send HNB a listing of all approved transactions via e-mail. The e-mail will contain the following language: "The attached listing contains transactions authorized by the `Fund'." Any necessary files will be attached. HNB will provide an electronic receipt of the transmission. HNB will also provide a method of storing these communications for not less than seven years. Trade Communication: HNB and Fund will adhere to NYSE Rule 387, which states in part that "That client or its agent shall utilize the facilities of securities depository for confirmation, acknowledgment, and book entry settlement of all depository eligible transactions." >> All eligible trades that are affirmed by the industry deadlines will automatically load into the Custodial Bank's system and sett...

Trade Processing a. Transmission of Orders and Plan Orders. Schwab will transmit Orders to Fund Company via NSCC in a Fund/SERV file format and will transmit Plan Orders to Fund Company via NSCC in a DCC&S file format, except as stated below. Schwab agrees that:

Trade Processing