commodity derivatives definition
Examples of commodity derivatives in a sentence
Neither the Asset Manager nor any of its affiliates shall take physical custody, possession, or handle any cash, mortgages or deeds of trust, or other indicia of ownership of any of the Account Assets that constitute Securities or Commodity Derivatives.
The Asset Manager does not have any authority to, and shall not take any actions which would cause the Asset Manager to, take or have possession or “custody” within the meaning of Advisers Act Rule 206(4)-2, of any cash, Securities, or Commodity Derivatives of the Client.
Subject to the Investment Guidelines and restrictions regarding Securities and Commodity Derivatives outlined here, the Asset Manager (and, where applicable, any Asset Manager Affiliate) shall have sole discretionary responsibility and authority regarding the asset management of the Account Assets and, as herein provided, shall from time to time direct the investment and reinvestment of such assets in the Account.