FMTC definition
Examples of FMTC in a sentence
In conjunction with the investment types described above, FMTC shall purchase constant-duration synthetic contracts (hereafter "synthetic contracts") to ensure that the IIF is fully benefit-responsive and accounted for at book-value.
If the commingled pool units exceed 52%, then the FMTC shall periodically rebalance the IIF by selling the excess over 52% at fair market value.
FMTC shall invest the IIF within the ranges indicated below, realizing that such allocations will be achieved over a reasonable time period: GICs 0% to 25% Individual fixed-income securities 25% to 50% Commingled Pool Units * 48% to 52% STIF 1% to 3% * If greater than 50% of the IIF is invested in commingled pool units, then FMTC shall not purchase additional units until the amount invested falls below 50%.
FMTC may invest in other commingled pool units provided these Investment Guidelines are amended accordingly.
FPT or FMTC will serve as trustee of an Irrevocable Life Insurance Trust for a client who also has a Managed Trust or Investment Management Account already established with Fidelity Private Portfolio Service.
Fidelity Private Portfolio Service® may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc., a registered investment adviser; Fidelity Personal Trust Company, FSB (FPT), a federal savings bank; or Fidelity Management Trust Com- pany (FMTC).
You hereby ratify any telephone instructions given pursuant to this authorization and agree that neither a fund nor NFS, FMTC, any of their agents, affiliates, or successors, as applicable, will be liable for loss, liability, cost, or expense for acting upon such instructions.
The IIF is a diversified book value fund comprised of the following investments types (described below in more detail): Guaranteed Investment Contracts ("GICs"), individual fixed-income securities, and units in commingled pools managed by Fidelity Management Trust Company in its capacity as Investment Manager (hereafter "FMTC").
Nondeposit investment products and trust services offered through FPT and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk including possible loss of principal.
If Fidelity is required to calculate the NAV, please refer to FMTC Services Section.