Section 02
Checks Performed
Every proposed trade is run through four checks before it is released for execution.
| Check | Rule | Action on breach |
|---|---|---|
| Concentration limit | No single issuer above 5% of NAV post-trade | Block and route to PM for sizing |
| Restricted list | Trade instrument not on the current restricted or watch list | Block and notify compliance |
| Liquidity threshold | Position sized within 3 days of average daily volume at target participation rate | Flag for review, does not block |
| Mandate eligibility | Instrument type and geography permitted under the fund's IMA | Block and route to PM |