Aberdeen Global Funds - Fundsupermart.com

(c)
(d)
(e)
General
The aggregate premiums paid by any Fund to acquire any outstanding options of the type referred to in (a) above and to
acquire options on warrants and other financial futures may not exceed 15% of the Net Asset Value of the relevant Fund.
The aggregate liability of any Fund arising from the sale of put and uncovered call options, from dealing in financial futures
and from transactions, as described in (b) above, undertaken for purposes other than hedging may not at any time exceed the
Net Asset Value of the relevant Fund.
Hedging Exchange Risks
Aberdeen Global may sell currency forward or call options on currencies or purchase put options on currencies by means of
contracts which are dealt in on a regulated market which is operating regularly, recognised and open to the public or, in the
case of selling currency forward by means of contracts with first class financial institutions specialising in that type of
transaction. Aberdeen Global will enter into such contracts only to hedge against exchange risks and provided that the value
of such contracts does not exceed the total value of the relevant Fund’s assets denominated in the currency of such contracts.
The duration of such contracts will not normally exceed the period for which the relevant assets are to be held.
Lending of Portfolio Securities
Aberdeen Global may participate in securities lending transactions only in the framework of a standardised lending system
organised by a recognised security clearing body such as Clearstream or Euroclear or by a highly rated financial institution
specialised in these type of transactions.
In relation to such lending transactions, Aberdeen Global must in principle receive for the Fund concerned security of a
value which at the time of the conclusion of the lending agreement must be at least equal to the value of the global valuation
of the securities lent.
Aberdeen Global may not enter into securities lending transactions unless such lending is fully and continuously secured by
the pledge of cash and/or securities issued or guaranteed by an OECD Member State or by local authorities of an OECD
Member State or by supranational institutions or organisations with EU, regional or worldwide scope, or by a guarantee of a
highly rated financial institution, and blocked in favour of Aberdeen Global until the termination of the lending contract.
Lending transactions may not be entered into in respect of more than 50% of the total valuation of the portfolio of each
Fund. Such limitation shall not apply where Aberdeen Global has the right at any time to terminate the lending contract and
obtain restitution of the securities lent.
Lending transactions may not extend beyond a period of 30 days, except for lending transactions where the securities may
be reclaimed at any time by Aberdeen Global.
(f)
Repurchase Agreements
Each Fund may invest in securities subject to Repurchase Agreements concluded with high quality financial institutions
specialised in this type of transactions. Under such agreements, the seller agrees with the Fund, upon entering into the
contract, to repurchase the securities at a mutually agreed upon time and price, thereby determining the yield during the
time of the agreement. This investment technique permits the Fund to earn a fixed rate of return isolated from market
fluctuations during such period. During the lifetime of a repurchase agreement, Aberdeen Global may not sell the securities
which are the subject of the agreement either before the repurchase of the securities by the counterparty has been carried out
or before the repurchase period has expired.
Aberdeen Global will ensure to maintain the importance of purchased securities subject to a repurchase obligation at a level
such that it is able, at all times to meet redemption requests from its shareholders.
Incremental income from the use of Repurchase Agreements and Securities Lending Agreements will accrue to the
respective Funds.
RISK MANAGEMENT PROCESS
Aberdeen Global and the Management Company will employ a risk-management process which enables them to monitor and
measure at any time the risk of the positions and their contribution to the overall risk profile of each Fund. Aberdeen Global and the
Management Company of the relevant Fund will employ, if applicable, a process for accurate and independent assessment of the
value of any OTC derivative instrument.
Upon request of an investor, the Management Company will provide supplementary information relating to the quantitative limits
that apply in the risk management of each Fund, to the methods chosen to this end and to the recent evolution of the risks and yields
of the main categories of instruments.
33