Distributor
A distributor is a company that manages customer accounts on the Rime Platform. In a common scenario, that will likely be you. Distributors are buying and selling ELTIF shares on behalf of their customers via the Rime Platform API.Customer Account
A customer account is created and managed by a distributor. Each customer account has a portfolio of share holdings that are obtained by order placements via the Rime Platform API. A distributor places an order for a customer account on behalf of their customers. Customer accounts are distributor-specific.Portfolio
A portfolio is a collection of active share holdings that a customer account has of a fund. When you query a customer account’s portfolio, you will receive a list of share holdings that are currently active. In a portfolio, holdings of the same share class share class are grouped together in quantity.Fund
A fund is a type of security that is available to buy and sell via the Rime Platform API. Available fund shares are divided into share classes that define the conditions of a share of that fund.Share Class
A share class is a distinguished type of share in a fund that is available on the Rime Platform. Share classes are uniquely identified by theirISIN code.
Share classes of the same fund differ in the following ways:
- Lock time (How long a share has to be hold before it can be redeemed)
- Subscription status (If a share class can be currently purchased)
- Redeemability (If a share can be currently redeemed/sold)
- Tradability (If a share can be traded)
Share
A share is a unit of ownership in a fund. Shares are the main element that is bought and sold on the Rime Platform via orders over our API.Orders
An order is a request to buy or sell a share of a fund on behalf of a customer account. Orders are placed by a distributor and are executed by the Rime Platform. Orders can be placed in two ways:- Buy: A distributor places an order to buy a share of a fund
- Sell: A distributor places an order to sell a share of a fund