CUSTODIAN’S RATE Sample Clauses

The 'Custodian’s Rate' clause defines the specific interest rate or fee that a custodian charges for holding and managing assets on behalf of a client. This rate may apply to cash balances, securities lending, or other custodial services, and is typically calculated as a percentage of the assets under custody or as a fixed fee. By clearly specifying the custodian’s compensation, this clause ensures transparency in costs and helps prevent disputes over fees, thereby facilitating a clear understanding of the financial terms between the parties.