Purchase Order Date definition
Examples of Purchase Order Date in a sentence
The “Domestic Contractual Settlement Date” is the next Business Day following the Purchase Order Date (T + 1) or such later Business Day, not to exceed two Business Days after the Purchase Order Date, as agreed to between the AP and the Transfer Agent when the Purchase Order is placed.
The day on which the Distributor receives a valid Purchase Order is the Purchase Order Date.
An Authorized Participant who places a Purchase Order is responsible for transferring to the Fund’s account with the Custodian the required amount of cash by the end of the next Business Day following the Purchase Order Date (T+1) or as agreed to by the Authorized Participant, Sponsor, Distributor and Transfer Agent in advance of when the Purchase Order is placed.