Examples of Subscription Dealing Deadline in a sentence
In the light of the fact that subscription monies in respect of any Subscription Dealing Deadline are only due after the said Subscription Dealing Deadline, the adjustment of the investment exposure of the Portfolio in anticipation of the payment of said subscription monies is unavoidable.
The table below illustrates this process*: Dealing Day Subscription Dealing Deadline Valuation Point Contract Note Settlement Any Business Day Trades received before 1:00 pm Irish Time will be included for that Dealing Day.
As such the Portfolio may be substantially over-exposed to the investment strategy (depending on the size of the amount of subscription monies in question relative to the Net Asset Value of the Portfolio) and whilst the Directors have the right to make an adjustment prior to the next Subscription Dealing Deadline in their sole, absolute discretion, in the ordinary course such adjustment will only be made on the next Subscription Dealing Deadline.
If any application is received after the Subscription Dealing Deadline, it will be deemed to have been received in respect of the next Dealing Day and dealt with accordingly.
The Directors may, at their discretion, resolve to accept applications received after the Subscription Dealing Deadline but prior to the Valuation Point, in exceptional circumstances.