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

  • Soft dollar commissions/arrangements will not include travel, accommodation, entertainment, general administrative goods and services, general office equipment or premises, membership fees, employees’ salaries or direct money payment.

  • Soft dollar benefits received from brokers should not be a determinant factor on allocating orders among brokers.

  • 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 commissions refers to the portion of total brokerage commissions paid to certain brokers that was available for payment to third party vendors for providing research, statistical or investment decision making services.

  • Soft dollar commissions, if any, represent amounts paid indirectly to third parties through a broker or dealer for services received by the Partnership that do not pertain to trading execution.

  • Soft dollar agreementAn agreement in any form under which an Islamic bank licensee receives goods or services in return for investment business put through or in the way of another person.

  • Soft dollar agreementAn agreement in any form under which an investment firm licensee receives goods or services in return for regulated investment services put through or in the way of another person.

  • Soft dollar refers to arrangements under which products or services, other than the execution of securities transactions, are obtained from or through a broker in exchange for the direction by the manager of transactions to the broker.

  • Soft dollar agreementAn agreement in any form under which a conventional bank licensee receives goods or services in return for investment business put through or in the way of another person.


More Definitions of Soft dollar

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.
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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.
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Related to Soft dollar

  • Dollar and “$” mean lawful money of the United States.

  • USD means the lawful currency of the United States of America;

  • Canadian Dollars means the lawful currency of Canada.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Facility Limit means $250,000,000 as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.