Creation Units definition

Creation Units means the specified number of ETF Units for issuance or redemption as determined by the Asset Management Company and disclosed in the Constitutive Documents.

Creation Units means aggregations of Shares in each Fund as more fully described in the currently effective Prospectus.

Creation Units means the minimum number of shares for subscription in kind or in cashor the minimum number of shares for redemption in kind or in cash, which shall be 50,000. The Company may accept subscriptions and pay redemptions either in kind or in cash for the Index Funds. The Company may accept subscriptions and pay redemptions in cash only for the First Trust FactorFX UCITS ETF and the First Trust Low Duration Global Government Bond UCITS ETF;

Examples of Creation Units in a sentence

• The Trust acknowledges that the Distributor shall not be obligated to approve any certain number of orders for Creation Units.

• The Trust represents and warrants that it has or will have made as of the date on which Distributor begins distributing Creation Units, all applicable filings to exempt the Creation Units from registration under applicable rules and regulations.

• Upon reasonable notice to the Distributor and in accordance with the procedures described in the Prospectus, the Trust reserves the right to reject any order for Creation Units or to stop all receipts of such orders at any time.

• In the event that the number of Shares is insufficient on contractual settlement date for Creation Unit(s) of Shares, the Trust may deliver the Deposit Securities notwithstanding such deficiency in reliance on the undertaking of the AP to deliver the missing Shares as soon as possible, which undertaking shall be secured by such the AP’s delivery on Settlement Date and subsequent maintenance of collateral consisting of cash having a value at least equal to 105 % of the value of the missing Shares.

• Total bid size on the exchange is less than half of Creation Units size daily, averaged over a period of 7 consecutive trading days.

More Definitions of Creation Units

Creation Units means the minimum number of Shares for subscription in kind or

Creation Units means the minimum number of Shares for subscription in kind orthe minimum number of Shares for redemption in kind, which shall be set out in the Supplement for the relevant Fund and as may be lowered by the Directors either generally or in any particular case;

Creation Units means the minimum number of shares for subscription in kind or in cashor the minimum number of shares for redemption in kind or in cash, which shall be 50,000. The Company may accept subscriptions and pay redemptions either in kind or in cash for certain Funds and the Company may accept subscriptions and pay redemptions in cash only for certain other Funds. Details of these requirements are set out in the relevant Supplement;

Creation Units means the minimum number of Units for subscription inkind or in cash or the minimum number of Units for redemption in kind or in cash, in a minimum number to be determined by the Management Company, in conjunction with the Administrator, from time to time in respect of each Sub-Fund;

Creation Units means the minimum number of shares for subscription in kind or in cashor the minimum number of shares for redemption in kind or in cash, which shall be 500,000 or such other minimum number that the Directors, in conjunction with the Administrator, from time to time may determine;

Creation Units means blocks of Fund shares (or multiples thereof) as described in the Prospectus; “DTC” means the Depository Trust Company;

Creation Units means units ordinarily issued for the purchase and redemption of Shares of the BFA Recipient only in aggregations of Shares (currently 40,000 Shares, which amount can be changed over time).