Implementation Shortfall definition

Implementation Shortfall means the arithmetical difference between the return on the IPOPIF Account and the return on the Target Portfolio over the Transition Term. Calculations shall be made in accordance with the T-Standard concepts enunciated in Phase I of the “Performance Standards for Transition Management” published in the Journal of Performance Management (2002-2003), which is incorporated herein by reference.
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Examples of Implementation Shortfall in a sentence

  • The Implementation Shortfall estimate should cover the entire Transition Term.

  • The Implementation Shortfall tends to be low when a trade is executed swiftly without impacting on the market price.

  • The Transition Manager shall use Implementation Shortfall in creating such report.

  • The pre-trade analysis report should provide an estimate of all costs that are applicable such as: explicit costs (i.e., commissions, custody, taxes, duties, foreign exchange); implicit costs (i.e., market impact, opportunity costs, bid/ask spread); and Implementation Shortfall estimate.

  • It will employ various algorithmic trading techniques such as P% of V, Pegged, VWAP, TWAP, Target Close and Implementation Shortfall.

  • The Transition Manager shall also report the performance of any liquidation or restructuring, and the costs associated therewith, as determined by the Implementation Shortfall.

  • The proposal will include the transition firm’s analysis of the risks and costs associated with the transition, its trading strategy for minimizing the risks and costs, a timetable for completing the transition, and an estimate of all costs (i.e., explicit and implicit) using the T-Standard for Implementation Shortfall for the recommended course of action.

Related to Implementation Shortfall

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.