The Virgin Islands Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. is a legal document that outlines the terms and conditions of the collaboration between these two entities in relation to investment activities in the Virgin Islands. This agreement defines the rights, responsibilities, and obligations of both parties involved. First American Ins. Portfolios, Inc. is an investment firm that offers a range of financial products and services, while SET Investments Distribution Co. is a leading global provider of investment processing, management, and distribution services. Through this agreement, they aim to coordinate their efforts and resources in order to enhance the investment process and ensure compliance with applicable laws and regulations in the Virgin Islands. The Virgin Islands Participation Agreement may vary depending on the specific type of investment activities being pursued. Some possible variations of this agreement could include: 1. Mutual Fund Participation Agreement: This type of agreement may be used when First American Ins. Portfolios, Inc. offers mutual funds to investors in the Virgin Islands through SET Investments Distribution Co. The agreement would outline the terms for distributing and marketing these funds, including fees, reporting requirements, and investor protection measures. 2. Pension Plan Participation Agreement: In cases where First American Ins. Portfolios, Inc. and SET Investments Distribution Co. collaborate to provide investment solutions for pension plans in the Virgin Islands, a specific participation agreement can be established. This agreement could cover various aspects such as investment objectives, asset allocation strategies, risk management procedures, and reporting requirements. 3. Institutional Investment Participation Agreement: If First American Ins. Portfolios, Inc. and SET Investments Distribution Co. are targeting institutional investors such as banks, insurance companies, or large corporations in the Virgin Islands, they may enter into an institutional investment participation agreement. This document would outline the terms and conditions related to investment management services, custodial arrangements, performance benchmarks, and the governance structure for decision-making. Regardless of the specific type of Virgin Islands Participation Agreement, it is crucial that the document includes comprehensive clauses covering areas such as investment objectives, fee structures, compliance with local rules and regulations, termination conditions, dispute resolution mechanisms, and confidentiality obligations. Overall, the Virgin Islands Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. serves as a critical framework for ensuring a mutually beneficial collaboration in the investment sector, while safeguarding the interests of all parties involved.