Examples of Creation Application in a sentence
Where for any reason there is a limit to the number of Units which can be created, priority will be given to Participating Dealers and the relevant Creation Applications as set out in the Operating Guidelines.The Manager’s right to reject a Creation Application is separate and in addition to a Participating Dealer’s right to reject, acting in good faith, any creation request received from a client of the Participating Dealer under exceptional circumstances.
Subject to the Trust Deed, a Creation Application once given cannot be revoked or withdrawn without the consent of the Manager.
Units in the Sub-Fund are continuously offered through a Participating Dealer, who may apply for them during the initial offer period for Listed Class of Units and thereafter following the Listing Date on any Dealing Day for its own account or for your account as their client(s), in accordance with the Operating Guidelines, by submitting a Creation Application to the Registrar (with a copy to the Manager).
Numerical example of amount payable in the case of a cash Creation Application The following is an illustration of the total amount payable by a Participating Dealer in making a cash Creation Application based on one Application Unit of 50,000 Units and a notional Issue Price per Unit of S$1.000 plus Duties and Charges of S$50 (purely for illustration purpose) and the Transaction Fee of S$650.
In relation to Creation Applications by Eligible Investors A Creation Application by an Eligible Investor, once accepted by the Manager, cannot be cancelled by the Eligible Investors.