Allocated Net Assets definition
Allocated Net Assets means the total assets of the Fund allocated to the Account (including, but not limited to, all cash and cash equivalents, accrued interest and amortization of original issue discount, and the market value (marked-to-market) of all open futures interest positions and other assets of the Account) less all liabilities of the Fund determined in accordance with generally accepted accounting principles consistently applied under the accrual basis of accounting. Unless generally accepted accounting principles require otherwise, the market value of a futures or option contract traded on a United States exchange shall mean the settlement price on the exchange on which the particular futures or option contract shall be traded by the Trading Advisor on behalf of the Account with respect to which the Net Assets are being determined; provided, however, that if a contract could not be liquidated on such day due to the operation of daily limits or other rules of the exchange on which that contract shall be traded or otherwise, the settlement price on the first subsequent day on which the contract could be liquidated shall be the market value of such contract for such day, or if a contract could not be liquidated on such day due to the exchange being closed for an exchange holiday, the settlement price on the most recent preceding day on which the contract could have been liquidated shall be the market value of such contract for such day. The market value of a forward contract or a futures or option contract traded on a foreign exchange or market shall mean its market value as determined by the Managing Owner on a basis consistently applied for each different variety of contract.
Allocated Net Assets means that portion of the Partnership's Net Assets allocated to Advisor by the General Partner and subject to Advisor's trading discretion (including any notional funds), together with any appreciation or depreciation in such Allocated Net Assets. "Net Assets" is defined as the total assets of the Partnership including all cash and cash equivalents, plus the market value of all open Commodity Interest positions and U.S. Treasury bills, but minus all accrued liabilities of the Partnership. The market value of a Commodity Interest position shall be that price quoted on the exchange on which each such contract is traded as of the close of each trading day, or if any such contract is not so traded, the fair market value of each contract, as determined by the General Partner.
Allocated Net Assets means the total assets of the Trading Company allocated to the Account (including, but not limited to, all cash and cash equivalents, accrued interest and amortization of original issue discount, and the market value (marked-to-market) of all open futures interest positions and other assets * Confidential material redacted and filed separately with the Commission. * Confidential material redacted and filed separately with the Commission. * Confidential material redacted and filed separately with the Commission.
Examples of Allocated Net Assets in a sentence
Trading Advisor may use performance results of the Allocated Net Assets for inclusion in its composite performance results.
More Definitions of Allocated Net Assets
Allocated Net Assets means the assets of the Fund allocated to the Account (including, but not limited to, all cash and cash equivalents, accrued interest and amortization of original issue discount, and the market value (marked-to-market) of all open futures interest positions and other assets of the Account) less all liabilities of the Fund allocated to the Account determined in accordance with generally accepted accounting principles ----------------------- * Confidential material redacted and filed separately with the Commission.
Allocated Net Assets means that portion of Grant Park’s Net Assets allocated to the Segregated Portfolio that is allocated to Advisor by the Manager and subject to Advisor’s trading discretion (including any notional funds), together with any appreciation or depreciation in such Allocated Net Assets. “Net Assets” is defined as the total assets of Grant Park including all cash and cash equivalents plus the market value of all open Commodity Interest positions and U.S. Treasury bills, but minus all accrued liabilities of Grant Park. The market value of a Commodity Interest position shall be that price quoted on the exchange on which each such contract is traded as of the close of each trading day, or if any such contract is not so traded, the fair market value of each contract, as determined by the Manager acting in its capacity as General Partner of Grant Park.