11/26/2023 0 Comments Cash sweep vehicle definition![]() ![]() Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. ![]() Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility Vehicles all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate of title law of any state and all tires and other appurtenances to any of the foregoing. Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.įleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use. We (in this section, the terms "we," "our," and "us" include the Introducing Firm and, in all instances, the Clearing Agent and its affiliates) receive fees and benefits for services provided in connection with the Cash Sweep Program, and we may choose to make available the Cash Sweep Vehicles that are more profitable to us than other money market mutual funds or bank deposit accounts.Īs returns on the Cash Sweep Vehicles, your personal financial circumstances, and other factors change, it may be in your financial interest to change your Cash Sweep Vehicle (if another option is available for your Account type) or invest cash balances in products offered outside of the Cash Sweep Program consistent with your investment objectives and risk tolerance.Ĭhanges to Cash Sweep Vehicles: From time to time, the Clearing Firm may modify the Cash Sweep Program, which may result in changing the Cash Sweep Vehicle for your Account.Ĭhanges to Cash Sweep Vehicles From time to time, the Clearing Agent may modify the Cash Sweep Program, which may result in changing the Cash Sweep Vehicle for your account.Īvailable Cash Sweep Vehicles The Cash Sweep Vehicle is determined by account type and can be obtained from your financial professional. We (in this section, the terms "we," "our," and "us" include the Introducing Firm and, in all instances, the Clearing Firm and its affiliates) receive fees and benefits for services provided in connection with the Cash Sweep Program, and we may choose to make available the Cash Sweep Vehicles that are more profitable to us than other money market mutual funds or bank deposit accounts.Īs returns on the Cash Sweep Vehicles, your personal financial circumstances, and other factors change, it may be in your financial interest to change your Cash Sweep Vehicle (if another option is available for your account type) or invest cash balances in products offered outside of the Cash Sweep Program consistent with your investment objectives and risk tolerance. If no Sweep Vehicle has been selected by a Fund, the Custodian, at its discretion, shall invest some or all of the balance in various Sweep Vehicles. If no such Instruction has been received by the Custodian, the Custodian shall invest uninvested cash of each Fund in the Sweep Vehicle(s) previously chosen by the applicable Fund.Ī fee may be charged or a spread may be received by the Custodian for investing the Fund’s otherwise uninvested cash in the available Sweep Vehicles.
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