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Allow Redemption Fees (Directed Trades)

When creating or editing a directed trade, Allow redemption fees lets you choose whether or not you'd like Tamarac Trading to recommend trades that will generate short-term redemption fees. Within individual accounts, you have the option to allow or prevent trades with redemption fees using Allow Redemption Fees. However, Allow redemption fees in directed trades will override this setting unless you choose Use Account Setting.

You can choose one of the following options: 

• Yes: All trades generated that have redemption fees will be allowed, regardless of whether an account allows trades with redemption fees or not.

• No: Trades that have redemption fees won't be allowed, regardless of whether an account allows trades with redemption fees or not.

• Use Account Setting: Trades created in accounts that allow redemption fees will be allowed to make trades that generate redemption fees, but won't be allowed in accounts that do not allow redemption fees.

For more information on creating directed trades, see Directed Trades Process. For more information on directed trades strategies, see Strategies Using Directed Trades and Directed Trades Versus Rebalancing.

For more information on quantity and trade types and how they'll affect directed trades, see Trade Type and Quantity Definitions in Directed Trades.