Custody of Client Assets. All securities held or carried by PYGG for or on your Account may at PYGG’s discretion be kept at any of the places where PYGG has a custodian and may be registered in the name of PYGG or its nominee. In particular and without prejudice to PYGG’s right to use other brokers or nominees, PYGG may at its discretion contract non-exclusively with Vidanova Global Custody Foundation ("Vidanova Custody") in view of its role as Central Securities Depository (“CSD”) of the Dutch Caribbean Securities Exchange (“DCSX”), to carry out and discharge securities execution, custody, clearing and administrative functions for and on behalf of PYGG. If you already hold shares in a Company or Companies, that received approval from the DCSX for their securities to list and trade on the DCSX:
Custody of Client Assets. Pursuant to paragraph 1.4 of the Agreement, the Assets (other than real estate) will be held in a custodial account established by the Client with: Name of Custodian: ___________________________________________ Street Address: ___________________________________________ City, State & Zip Code: ___________________________________________ Account Number: ___________________________________________ Contact Person: ___________________________________________ Telephone Number: ___________________________________________
Custody of Client Assets. When we act as dealer of record for an investor in the Partnership, we do not take possession at any time of the investor’s assets. Subscription monies are delivered directly to an account with a Schedule I or Schedule II Canadian bank, or a qualified custodian under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (a “qualified custodian”), in the name of the Partnership, and repurchase monies are paid directly by the Partnership to the unitholder whose Units are being repurchased. Units of the Partnership are uncertificated and ownership of the Units is recorded in the investors’ names in the Partnership’s registers that are maintained by the fund administrator and overseen by us as fund manager. Your interest in the Units you purchase may be subject to risk of loss if the fund administrator experiences a breakdown in its information systems. We have reviewed the fund administrators’ systems and data protection procedures and are satisfied that they are sufficient to manage such risk. As an adviser with discretionary trading authority over our funds and managed accounts, we typically determine where and how managed assets are held. Typically assets are held in a brokerage account in the name of the fund or client account to which it relates, and we have trading authority over those accounts as well as the ability to move cash or assets to another account. The risks associated with such arrangements are described in the Offering Memorandum under “Risk Factors”. Cash is held in an account with a Schedule I or Schedule II Canadian bank, or a qualified custodian, to process subscriptions and repurchases.
