المدربAn authorised participant (AP) is a broker-dealer that has contracted with an ETF for the right to create and redeem its shares. It does so in creation units, blocks of a fixed number of ETF shares, by delivering to the fund (or receiving from it) the creation basket: the list of securities and cash, published daily by the fund, that one creation unit is exchanged for.
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ما معنى Authorised participant, creation unit, creation basket؟
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