Soft dollar definition

Soft dollar means brokerage commissions that are used by the system to purchase goods or services.

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Soft dollar means payment for services from brokerage firms through commission revenue, in contrast to normal payments (hard dollars).

Soft dollar means the value of research services and other benefits, whether tangible or intangible, provided to a certified investment adviser in exchange for the certified investment adviser’s business.

Examples of Soft dollar in a sentence

• Soft dollar arrangements for services may be entered into in order to facilitate an improvement in performance in respect of the Subadviser's service to the Adviser with respect to the Fund.

• Soft dollar transactions will be conducted on an arm's-length basis, and the Subadviser will secure best execution for the Adviser.

• Soft dollar credits are not used to offset losses from trading errors.

• Soft dollar items may be provided directly by brokers and dealers, by third parties at the direction of brokers or purchased on behalf of the Joint Venture with credits or rebates provided by brokers.

• Soft dollar services are used by the Investment Manager to assist it in making investment decisions.

• Commission Sharing Agreements, also known as Soft dollar commissions (soft dollars) enable the splitting of execution and investment research charges that are generally bundled in typical share transaction commissions.

• Soft dollar transactions will be conducted on an arm's-length basis, and the Subadvisor will secure best execution for the Advisor.

• Soft dollar arrangements for services may be entered into in order to facilitate an improvement in performance in respect of the Subadvisor's service to the Advisor with respect to the Fund.

• Soft dollar practices mean arrangements under which assets or services, other than excution of securities transactions, are obtained by a fund manager from or through a broker in exchange for the fund manager directing to the respective broker trades concluded on behalf of the undertaking for collective investment managed by that fund manager.

• Soft dollar items within and outside of the Section 28(e) safe harbor of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether provided directly or indirectly, may be utilized for the benefit of Advisor.

More Definitions of Soft dollar

Soft dollar. Arrangements. The Collateral Manager no longer enters into formal soft dollar arraignments with broker-dealers. However, in the ordinary course the Collateral Manager could receive unsolicited research reports and brokerage services from full-service broker-dealers as a part of their full range of services. Such unsolicited materials could benefit Clients and therefore could be construed as soft dollar benefits.

Soft dollar. Services. The receipt of soft dollar brokerage and research benefits and services by the Company qualifies and has at all times qualified for the safe harbor afforded by Section 28(e) of the Securities Exchange Act, and the Company has complied with all related disclosure rules in all material respects. The Company has satisfied in all material respects its duty of “best execution” (as such term is understood under the Investment Advisers Act) for all Clients for whom it exercises trading discretion.