Examples of Application Basket in a sentence
For purposes of tracking the Index closely, the Manager may, from time to time, adjust the number of odd lots of Index Securities in each Application Basket.
This may result in a situation where the Application Basket may comprise of odd lots of the Index Securities.
Replication Strategy Using a Replication Strategy, the Fund will invest in substantially all the Index Securities in substantially the same weightings (i.e. proportions) as the Index and the Application Basket may comprise odd lots of the Index Securities.
The Trustee shall not be obliged to deliver (and shall have a general lien over) the Index Securities constituting the Application Basket, if applicable, to be transferred in respect of the relevant Redemption Application until such shortfall and any cash amount payable by the Participating Dealer under the Trust Deed, the Transaction Fee and the Extension Fee (if applicable) are paid in full in cleared funds to or to the order of the Trustee.
In accordance with the Trust Deed, units may be issued through creation of an Application Basket.
The Company shall not be obliged to deliver (and shall have a general lien over) the Index Securities constituting the Application Basket, if applicable, to be transferred in respect of the relevant Redemption Application until such shortfall and any cash amount payable by the Participating Dealer under the Constitution, the Transaction Fee and the Extension Fee (if applicable) are paid in full in cleared funds to or to the order of the Company.
Using a Replication Strategy, this Sub-Fund will invest in substantially all the Index Securities in substantially the same weightings (i.e. proportions) as the applicable Index and the Application Basket may comprise odd lots of the Index Securities.
Under the terms of each Participation Agreement, the Participating Dealer may only apply to create Units on the presentation of (a) a Basket by it comprising Index Securities constituting the Underlying Index or (b) a cash payment equivalent to the relevant Application Basket Value.
For each creation application, the Fund will receive an Application Basket consisting of Index Securities and/or the cash equivalent of the Index Securities where applicable.TAXATION THE DISCUSSION BELOW IS A SUMMARY OF CERTAIN SINGAPORE INCOME TAX CONSEQUENCES OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF UNITS IN THE FUND.
Under the terms of the Participation Agreement, only a Participating Dealer may apply to create Units on the presentation of an Application Basket by it comprising the Index Securities and/or the cash equivalent of the Index Securities where applicable.