CUSTODY AND REPORTING Sample Clauses

The 'Custody and Reporting' clause defines the responsibilities for safeguarding assets or property and the obligations to provide regular updates or reports regarding their status. Typically, this clause outlines who holds physical or legal control over certain items, such as funds, documents, or equipment, and specifies the frequency and format of reports that must be delivered to relevant parties. Its core function is to ensure transparency and accountability in the management of assets, reducing the risk of mismanagement or loss.
CUSTODY AND REPORTING. LPL maintains custody of client funds and securities in the Account. During any month that there is activity in the Account, Client will receive a monthly account statement showing account activity as well as positions held in the Account at month end. Additionally, the Client will receive a confirmation of each transaction that occurs within the Account unless the transaction is the result of a systematic purchase, systematic redemption, or systematic exchange. The Client will also receive from LPL detailed quarterly performance reports describing account performance, positions and activity. An additional year-end report will be provided for accounts not established on a calendar quarter basis. To the extent permissible by state and federal law, LPL may elect to deliver account information electronically. Although most securities available to be purchased in the Account are held at LPL, there are certain securities that may be managed as part of the Account that are held at third parties, and not LPL. For example, Variable Annuity, Hedge Fund and Managed Future positions are often held directly with the investment sponsor. For those outside positions, Client will receive confirmations and statements directly from the investment sponsor. LPL may receive information from the investment sponsor regarding the positions (e.g., number of shares held and market value) and display that information on statements and reports prepared by LPL. Such information also may be used to calculate performance in performance reports prepared by LPL. Although LPL believes that the information it receives from the investment sponsors is reliable, Client should refer to the statements and reports Client receives directly from the investment sponsor and compare them with the information provided in any statements or reports from LPL. The statements and reports Client receives from LPL with respect to outside positions should not replace the statements and reports received directly from the investment sponsor. If Client has purchased a Variable Annuity that is part of the Account, Client acknowledges that Client has received the prospectus and is relying solely on the disclosure contained in the prospectus with respect to the terms and conditions of the Variable Annuity. Client understands that certain riders purchased with a Variable Annuity may limit the investment options and the ability to manage the subaccount.
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CUSTODY AND REPORTING. LPL maintains custody of Account funds and securities in a separate account for each client under the client’s name. If client so elects in the Account Application, Clients will not receive a confirmation of the transactions that occur within the Account, and confirmation details for the transactions will be displayed on the brokerage statement. The client may request to receive confirmation statements by contacting his or her IAR and may rescind the election at any time upon written notice to LPL. The brokerage statements show all transactions, positions, and all deposits and withdrawals of principal and income. The client will also receive a detailed quarterly performance report. Performance information is reviewed for accuracy by the Advisory Services Portfolio Accounting Group at LPL. The review process consists of pricing all positions, reconciling account positions, automatically updating performance records and checking each account’s performance for deviations from other accounts. Performance information is calculated on a uniform and consistent basis using a time-weighted rate of return.
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CUSTODY AND REPORTING. A. DAF assets are invested in one of the Foundation’s main investment pools (funds) at the discretion of the Foundation’s Investment Committee. B. DAF values are updated regularly and the previous month’s balances may be obtained online on the Foundation’s secure website or during business hours by calling the Foundation office. C. Donors will receive monthly statements reconciling beginning and ending market values and showing all receipts, disbursements and fees. These reports will be sent within 20 business days of the end of the month. Statements are also available online.
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CUSTODY AND REPORTING. For the ▇▇▇ program, LPL maintains custody of client funds and securities in a separate account for each client under the client’s name. Although most securities available in ▇▇▇ program accounts are custodied at LPL, there are certain securities managed as part of the account that are held at third parties, and not at LPL. For example, variable annuities, hedge funds and managed futures are often held directly with the investment sponsor. For those outside positions, client will receive confirmations and statements directly from the investment sponsor. The client receives from LPL detailed quarterly performance reports describing account performance and positions. An additional year-end report is provided for accounts not established on a calendar quarter basis. In addition to the quarterly performance reports, LPL transmits to clients trade confirmations and account statements showing all transactions, positions, and all deposits and withdrawals of principal and income. Trade confirmations are not delivered for systematic purchases, systematic redemptions and systematic exchanges. The account statements are sent monthly when the account has had activity or quarterly if there has been no activity. For outside positions not custodied at LPL, LPL may receive information (e.g., number of shares held and market value) from the investment sponsor and display that information on statements and reports prepared by LPL. Such information also may be used to calculate performance in performance reports prepared by LPL. Although LPL believes that the information it receives from the investment sponsors is reliable, LPL recommends that you refer to the statements and reports you receive directly from the investment sponsor and compare them with the information provided in any statements or reports from LPL. The statements and reports you receive from LPL with respect to outside positions should not replace the statements and reports you receive directly from the investment sponsor. Performance information is reviewed for accuracy by the Advisory Services Portfolio Accounting Group at LPL. The review process consists of pricing all positions, reconciling account positions, automatically updating performance records and checking each account’s performance for deviations from other accounts. Performance information is calculated on a uniform and consistent basis using a time-weighted rate of return.
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CUSTODY AND REPORTING. Custodian will take and maintain possession of the cash, securities and other assets in the Cash Balance Plan Account. Neither Redhawk nor Program Manager shall have any access to the assets in the Cash Balance Plan Account or to the income produced therefrom, except in the ordinary course of effecting transactions for the Cash Balance Plan Account or oth- erwise performing their obligations under this Agreement. Neither Redhawk nor Program Manager shall be responsible for any acts or omissions of the Custodian. TD will send a statement to Client annually indicating all amounts disbursed from the Cash Balance Plan Account (including the amount of the Fees paid to Redhawk and to the Program Manager), all transactions occurring in the Cash Balance Plan Account during the period covered by the statement, and a summary of the Cash Balance Plan Account positions and portfolio value at the end of the period. Client has di- rected or will direct TD to permit Redhawk and the Program Manager to electronically view and download account information.
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Related to CUSTODY AND REPORTING

  • Information and Reporting The Adviser shall provide the Trust and its respective officers with such periodic reports concerning the obligations the Adviser has assumed under this Agreement as the Trust may from time to time reasonably request.

  • Inspection and Reporting Each Grantor shall permit the Collateral Agent, or any agent or representatives thereof or such attorneys, accountant or other professionals or other Persons as the Collateral Agent may designate (at Grantors’ sole cost and expense) (i) to examine and make copies of and abstracts from any Grantor’s Records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of any Grantor from time to time, and (iv) to conduct audits, physical counts, appraisals, valuations and/or examinations at the locations of any Grantor. Each Grantor shall also permit the Collateral Agent, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Collateral Agent may designate to discuss such Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, attorneys, independent accountants or any of its other representatives. Without limiting the foregoing, the Collateral Agent may, at any time, in the Collateral Agent’s own name, in the name of a nominee of the Collateral Agent, or in the name of any Grantor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of such Grantor, parties to contracts with such Grantor and/or obligors in respect of Instruments or Pledged Debt of such Grantor to verify with such Persons, to the Collateral Agent’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Pledged Debt, Chattel Paper, payment intangibles and/or other receivables.

  • Monitoring and Reporting The Programme Operator shall monitor, record and report on progress towards the programme’s outcomes in accordance with the provisions contained in the legal framework. The Programme Operator shall ensure that suitable and sufficient monitoring and reporting arrangements are made with the project promoters in order to enable the Programme Operator and the NFP to meet its obligations to the donors. When reporting on progress achieved in Annual and Final Programme Reports, the Programme Operator shall disaggregate results achieved as appropriate and in accordance with instructions and templates received from the FMO.

  • Records and Reporting 6.1. WHO shall, in accordance with its regulations, rules, policies and procedures, maintain books, records, documents and other evidence in accordance with its usual accounting procedures to substantiate sufficiently the use of the Trust Fund funds transferred to it. 6.2. WHO shall provide the following financial information to the Facility Executive Board, through the Bank, prepared in accordance with the accounting and reporting procedures of WHO and provided in a form and means agreed upon with the Bank: (a) Within thirty (30) calendar days after June 30 of each year, an annual unaudited financial report for the activities for which the Allocation to WHO was made; (b) Within thirty (30) calendar days after June 30 of each year, an annual unaudited financial report of the Funding Account; (c) Within six (6) months after the Closing Date (or within six (6) months after termination of this Agreement, if earlier), a final unaudited financial report of the Funding Account, certified by WHO’s Comptroller (or equivalent); and (d) Such other periodic financial reports for the activities for which the Allocation to WHO was made, as may be agreed upon by the Bank and the Facility Executive Board following consultation with WHO. 6.3. Unless the Bank and WHO agree otherwise, all financial reports provided under this Agreement shall be expressed in United States dollars. 6.4. WHO shall provide the Facility Executive Board, through the Bank, with progress reports for activities funded with Trust Fund funds as follows: (a) Within thirty (30) calendar days after June 30 of each year, an annual report on the progress of the implementation of the activities for which the Allocation to WHO was made, with reference to the results framework for the Trust Fund agreed between the Bank and the Donors as well as with the results framework for the activities for which such Allocation was approved; and (b) Within six (6) months following the completion of the activities for which the Allocation to WHO was made, the Closing Date, or termination of this Agreement, whichever is earlier, a final report on the implementation of such activities. 6.5. WHO shall provide the Bank with a list containing the names and signatures of the authorized officers of WHO (each, an “Authorized Signatory”), substantially in the form attached to this Agreement as ▇▇▇▇▇ ▇ (Form of Authorized Signatory Letter), as such list shall be revised from time to time as necessary and kept current at all times.

  • Record Keeping and Reporting 7.1 The Supplier must ensure that suitably qualified representatives attend progress meetings with the Buyer and provide progress reports when specified in the Order Form. 7.2 The Supplier must keep and maintain full and accurate records and accounts on everything to do with the Contract for 7 years after the date of expiry or termination of the Contract and in accordance with the UK GDPR or the EU GDPR as the context requires. 7.3 The Supplier must allow any auditor appointed by the Buyer access to its premises to verify all contract accounts and records of everything to do with the Contract and provide copies for the Audit. 7.4 During an Audit, the Supplier must provide information to the auditor and reasonable co-operation at their request. 7.5 The Parties will bear their own costs when an Audit is undertaken unless the Audit identifies a material default by the Supplier, in which case the Supplier will repay the Buyer's reasonable costs in connection with the Audit. 7.6 If the Supplier is not providing any of the Deliverables, or is unable to provide them, it must immediately: (a) tell the Buyer and give reasons; (b) propose corrective action; and (c) provide a deadline for completing the corrective action. 7.7 If the Buyer, acting reasonably, is concerned as to the financial stability of the Supplier such that it may impact on the continued performance of the Contract then the Buyer may: (a) require that the Supplier provide to the Buyer (for its approval) a plan setting out how the Supplier will ensure continued performance of the Contract and the Supplier will make changes to such plan as reasonably required by the Buyer and once it is agreed then the Supplier shall act in accordance with such plan and report to the Buyer on demand; and (b) if the Supplier fails to provide a plan or fails to agree any changes which are requested by the Buyer or fails to implement or provide updates on progress with the plan, terminate the Contract immediately for material breach (or on such date as the Buyer notifies). 7.8 If there is a material default, the Supplier must notify the Buyer within 3 Working Days of the Supplier becoming aware of the material default. The Buyer may request that the Supplier provide a Rectification Plan within 10 Working Days of the Buyer’s request alongside any additional documentation that the Buyer requires. Once such Rectification Plan is agreed between the Parties (without the Buyer limiting its rights) the Supplier must immediately start work on the actions in the Rectification Plan at its own cost.