Total Return Swaps definition

Total Return Swaps means total return swaps as defined by the Securities Financing Transactions Regulation. “UCITS” means undertakings for collective investment in transferable securities that are established in
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Total Return Swaps means 'total return swaps' as such term is defined in accordance with SFTR.
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Total Return Swaps means total return swaps as defined by the UK SFTR;
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Examples of Total Return Swaps in a sentence

  • Total Return Swaps allow the relevant Sub-Fund to manage its exposure to certain securities or reference securities.

  • A Sub-Fund may enter Total Return Swaps with banks or other financial counterparties which may take the form of swaps of any kind, including CFDs, portfolio swaps, index swaps, credit default swaps and variance and volatility swaps, any kind of option, warrant, forward and future transaction and any other kind of derivative in accordance with its investment objectives.

  • Where specified in Annex A in respect of the relevant Sub-Fund, Total Return Swaps may be entered into for any purpose that is consistent with the investment objective and policy of such Sub-Fund, including efficient portfolio management (such as hedging purposes or the reduction of portfolio expenses), speculative purposes (in order to increase income and profits for the portfolio), or to gain exposure to certain markets.

  • In respect of Total Return Swaps, if the volatility or expectation of volatility of the reference asset(s) varies, the market value of the financial instruments may be adversely affected.

  • All revenues arising from Securities Financing Transactions and Total Return Swaps and any other efficient portfolio management techniques, net of direct and indirect operational costs and fees, shall be returned to the relevant Sub-Fund.

  • The swap transactions that may be concluded for the relevant Sub-Fund include interest-rate, currency, asset, equity, credit default swaps and Total Return Swaps.

  • Where a Sub-Fund is permitted to use Securities Financing Transactions and/or Total Return Swaps, all types of assets which may be held by the relevant Sub-Fund in accordance with its investment objectives and policies may be subject to a Securities Financing Transaction and/or Total Return Swap.

  • Where specified in Annex A in respect of the relevant Sub-Fund, such Sub-Fund may use Securities Financing Transactions and / or Total Return Swaps in accordance with normal market practice and subject to the requirements of the SFTR and the requirements of the FMA.

  • Through its investment in the Master Fund, the Sub-Fund shall not enter into Total Return Swaps.

  • The use of Total Return Swaps by a Fund shall be subject to the requirements of the SFT Regulations.


More Definitions of Total Return Swaps

Total Return Swaps has the meaning set forth in Clause 9.7.2.
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Total Return Swaps means total return swaps as defined by the Securities Financing Transactions Regulation;
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Related to Total Return Swaps

  • Total Return Swap means a derivative (and a transaction within the scope of SFTR)

  • Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:

  • annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;

  • Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.