Article 422-208 into force since 21 December 2013

For the purposes of hedging, the management company may:

1. Either subordinate recording of purchase orders to payment of funds pursuant to the terms set forth in an AMF instruction;

2. Or establish a deadline by which funds must be received, on expiry of which orders recorded in the register shall be cancelled if the funds have not been paid. In this case, funds must be received no later than the day before the execution price is determined.