Custody service Sample Clauses
Custody service. 9.4.1) The Bank may, without any obligation to do so, provide certain services in relation to the Investments, i.e. the safekeeping of the Customer’s Investments, the settlement on the Customer’s behalf of any transactions the Bank effect under this Part B (9), the collection of income, the presentation for redemption or payment of any Investments that is redeemed or called and otherwise administering the Investments.
9.4.2) All Investments will be held in the Bank’s name and will be held by the Bank or by a sub-custodian appointed by the Bank until and unless not specified.
9.4.3) The Bank may employ agents (including members of the Habib Bank AG Zurich Group) to perform administrative, custodial and ancillary services in order to assist the Bank in providing the services referred to in condition 9.4.1 of this Part B (9) and authorize them to do the same. the Bank’s liability for all matters so delegated to a member of the Habib Bank AG Zurich Group shall be unaffected by the delegation. In all other cases, the Bank will exercise reasonable skill and care in the selection, use and monitoring of any agents (including sub-custodians) appointed under this condition, but shall not otherwise be liable for their acts or omissions except to the extent any loss results from the Bank’s gross negligence, willful default or fraud.
9.4.4) The Bank shall exercise any voting or other rights, privileges and options associ- ated with any Investments only upon the Customer’s specific instructions and provided the Customer gives the Bank enough time to follow the Customer’s instructions. If the Bank, in the Bank’s sole discretion, decide to exercise any such right, privilege or option without specific instructions from the Customer, the Bank may do so (without any obli- gation whatsoever), acting in what the Bank in the Bank’s sole discretion deem to be in the Customer’s best interests in the circumstances and where failure to do so may be detrimental to the Customer’s interests.
9.4.5) The Bank shall issue a statement listing all the Investments held by the Bank on the Customer’s behalf upon receiving a written request from the Customer to do so.
9.4.6) Where Investments are in un-certificated form or is otherwise transferable by book entry transfer, the Bank may (where this is usual market practice) use the service of any securities depositary, clearing or settlement system, account controller or other
9.4.7) The Customer Investments may be pooled with those of other cli...
Custody service. 3.2.1. In order to expediate and facilitate trades on the Exchange Service, any VFAs which would have been acquired by the User using the Exchange Service will be held by ▇▇▇▇.▇▇ in the User’s VFA wallet.
3.2.2. Where any VFAs belonging to the User are held in custody by ▇▇▇▇.▇▇, the latter shall be regarded as holding such VFAs solely for and on behalf of and in the interest of the User. ▇▇▇▇.▇▇ shall recognise the User as the beneficial owner of any such VFAs. ▇▇▇▇.▇▇ will not deal with such VFAs, use as security or in any way make use of such VFAs, other than as lawfully directed and with the prior written authorisation of the User.
3.2.3. VFAs held by ▇▇▇▇.▇▇ on behalf of the User shall be held in specially created and segregated accounts from ▇▇▇▇.▇▇’s proprietary accounts and/or accounts of other Users. Individual User entitlements are identifiable by separate physical documents of title or other electronic record/s, which are reconciled at least on a monthly basis. In the case of an irreconcilable shortfall between the User’s account and ▇▇▇▇.▇▇’s records, ▇▇▇▇.▇▇ shall remedy any such discrepancy.
Custody service a. The Client appoints Parfin as its Custody Services provider in accordance with the rules and conditions set forth in these terms, in addition to those set out in Parfin’s Terms and Conditions of Use and Privacy Policy.
b. Parfin will provide Client with a segregated and controlled custody wallet by ▇▇▇▇▇▇ to store certain Parfin-supported digital assets as defined below on behalf of Customer (“Custody Services”). The Digital Assets in the Client’s Custody Account are not treated as general assets of Parfin, ▇▇▇▇▇▇ serving as a trustee and custodian on behalf of the Client, and the Digital Assets in the Client’s custody wallet are considered to be fiduciary assets that remain the property of the Client and are held by ▇▇▇▇▇▇ in custody for the Client.
c. ▇▇▇▇▇▇ will charge the fees specified in the Summary Table for custody services. Parfin may propose changes in the value of fees at any time, at least 30 (thirty) days in advance of such changes to the Client. If the Client does not agree with the new fees imposed by ▇▇▇▇▇▇, the Client may choose to terminate the custody services, without any cost and/or penalty.
d. By maintaining its wallet, the Client authorizes Parfin to automatically debit from its wallet the amounts due as fees arising from the Custody Services as agreed in the Summary Table.
e. Digital assets are stored in the Client’s wallet in accordance with these terms and are not mixed with other clients’ digital assets. Parfin reserves the right to refuse to process or cancel any outstanding escrow transaction as required by law or in response to a subpoena, court order or other binding government order or to impose transaction limits or if Parfin reasonably believes that the Custody Transaction may violate or facilitate the violation of an applicable law, regulation or rule of a governmental authority or self-regulatory organization.
f. Parfin cannot reverse a Custody Transaction that has been transmitted to a Digital Asset network.
Custody service. Inca Rail offers the Baggage Custody Service to train service users. The user accepts the terms and conditions of our Baggage Custody Service. When delivering the luggage in custody to Inca Rail the user declares that he/she is the owner of the baggage provided. Likewise, when delivering the baggage, the user declares that he/she has read and accepted the terms and conditions contained in this document, as well as those contained in our commercial terms and conditions (the ones that are further described in our website: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇