Account Balance Aggregation and Currency Translation Rules Sample Clauses

The "Account Balance Aggregation and Currency Translation Rules" clause defines how account balances from multiple sources or in different currencies are combined and converted for reporting or settlement purposes. Typically, this clause specifies the methods for aggregating balances across accounts and outlines the exchange rates or procedures used to translate foreign currency amounts into a single reporting currency. Its core function is to ensure consistency and accuracy in financial reporting by standardizing how balances are totaled and currencies are converted, thereby reducing confusion and potential disputes over account values.
Account Balance Aggregation and Currency Translation Rules 
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Related to Account Balance Aggregation and Currency Translation Rules

  • Determination of Net Asset Value The Trustees shall cause the Net Asset Value of Shares of each Series or Class to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined separately for each Series or Class at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of regular trading on the New York Stock Exchange on each day for all or part of which such Exchange is open for unrestricted trading.