Parametric definition
Examples of Parametric in a sentence
Portfolio Manager consents to use of its name, performance data, biographical data and other pertinent data, and the Parametric Marks (as defined below), by the Trust for use in marketing and sales literature, provided that any such marketing and sales literature shall not be used by the Trust without the prior written consent of Portfolio Manager, which consent shall not be unreasonably withheld.
It is acknowledged and agreed that the names “Parametric Portfolio Associates” and “Parametric ▇▇▇▇▇▇▇” and any portions or derivatives thereof, as well as any logo that is now or shall later become associated with such name (“Parametric Marks”), are valuable property of Portfolio Manager and that the use of the Parametric Marks by the Trust or its agents is permitted only so long as this Agreement is in place.
For a new Account (as defined in Section 2 of the Agreement) of a Fund, ABA and the Trusts will direct Parametric to equitize any initial portfolio cash balances, and, on an ongoing basis, Parametric will buy and/or sell the appropriate number of approved contracts to reflect changes in the underlying cash balances using the procedures listed in Section III of this Schedule A.
Parametric will rely on the information provided by the custodian to determine the total Fund value.
Prior to 9am (next day) Parametric sends daily calculations of variation margin to MFG which confirms these calculations with the statements received from the FCMs.
During market hours Parametric executes trades with one or more FCMs or one or more executing brokers, to be cleared at one or more approved FCMs, as specified in Section VI below.
During business day Parametric electronically receives trade confirmation data from FCMs. All trade data is confirmed.
Parametric will base the exposure percentage of the Fund solely on information provided daily by the Fund’s custodian and for the avoidance of doubt Parametric is not otherwise responsible for calculating or determining the Fund’s total value.
Morning Parametric receives necessary information from the custodian’s Mutual Fund Custody Group (“MFG”) to determine the level of Liquid Assets, including subscription and redemption activity.
Prior to Noon Parametric posts a daily tracking report to a secure client portal and notifies ABA when the report is available.