Investment Fund Market Guide - U.S.A.
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – U.S.A. |
Restrictions on customer | Yes | |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register market and CSD link |
Eligible fund types in CBL | Register market: Mutual/Managed funds or Funds in a Register, Private equity funds, hedge funds, REITs CSD link: Certain open-end mutual funds, and DTC-eligible closed-end mutual funds a. |
a. Please refer to the Market Link Guide - U.S.A. for more information about funds available via the CSD link.
Eligible fund types in CBL
Register market
Under U.S. law, there are 4 types of funds available:
- Mutual/Managed funds or Funds in a Register;
- Private Equity Funds;
- Hedge Funds;
- Real Estate Investment Trusts (REITs).
These funds can exist as a number of investment vehicles:
- Corporate Form of Registered Investment Companies: Corporations, limited liability companies, business trusts or limited partnerships;
- Registered Investment Companies: Open-end investment companies (including mutual funds); Closed-end funds; Unit Investment Trusts (UITs).
CSD link
Please refer to the Market Link Guide - U.S.A. for more information about funds available via the CSD link.
DTC-eligible closed-end mutual funds - Free of payment settlements will be done via DTC.