Synthetic Futures definition

Synthetic Futures has the meaning provided in Section 3.03(c).
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Synthetic Futures means (x) selling a synthetic futures contract by selling a call option and buying a put option, or (y) buying a synthetic futures contract by buying a call option and selling a put option; provided that each such pair of contracts must be in respect of the same underlying Approved Index, have the same strike price, expiration date, and exercise style, and be on otherwise identical terms.
Sample 1Sample 2Sample 3
Synthetic Futures means (x) selling a synthetic futures contract by selling a call option and buying a put option, or (y) buying a synthetic futures contract by buying a call option and selling a put option; provided that each such pair of contracts must be in respect of the same underlying Approved Index, have the same strike price, expiration date, and exercise style, and be on otherwise identical terms. With respect to each of the following Permitted Equity Options ("Equity Put" or "Equity Call," as applicable, and, collectively, "Equity Options") held by the Fund:
Sample 1

Examples of Synthetic Futures in a sentence

  • The following amount shall not exceed the Market Value of the Equity Securities Portfolio: (i) the sum of (x) the aggregate Notional Value of all long Equity Futures and all long Synthetic Futures plus (y) the aggregate Notional Value of all long Equity Calls, minus (ii) the sum of (a) the aggregate Notional Value of all short Equity Futures and all short Synthetic Futures, plus (b) the aggregate Notional Value of all short Equity Calls, plus (c) the aggregate Notional Value of all Protective Puts.

  • The aggregate Notional Value of all long Equity Futures and all long Synthetic Futures shall not exceed 30% of the Market Value of the Equity Portfolio.


More Definitions of Synthetic Futures

Synthetic Futures has the meaning provided in SECTION 3.03(C).
Sample 1
Synthetic Futures means (x) selling a synthetic futures contract by selling a call option and buying a put option, or (y) buying a synthetic futures contract by buying a call option and selling a put option; PROVIDED that each such pair of contracts must be in respect of the same underlying Approved Index, have the same strike price, expiration date, and exercise style, and be on otherwise identical terms. (iv) "PURCHASED CALL" means buying a call option in lieu of a long equity position.
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Related to Synthetic Futures

  • Futures means a futures contract which gives the buyer the obligation to purchase a specific asset, and the seller to sell and deliver that asset at a specific future date, unless such contract is terminated prior to such date for any reason;

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Portfolio Management Services means management of the investment and reinvestment of the assets belonging to the Series, consisting specifically of the following:

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Case management services means planned referral, linkage, monitoring and support, and advocacy provided in partnership with a consumer to assist that consumer with self sufficiency and community tenure and take place in the individual’s home, in the community, or in the facility, in accordance with a service plan developed with and approved by the consumer and qualified staff.

  • Real Estate Investment Trust means any Person that qualifies as a real estate investment trust under Sections 856 through 860 of the Code.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.