Custody Services. The Fund, on behalf of the Series, will open with Mellon one or more custody account(s) designated "Series" (such designated custody account(s) hereinafter referred to as "Series Account"). The Series Account will contain the appropriate designation in its title and will be operated subject to the terms of the Custodian Agreement between Mellon and the Fund.
Custody Services. 3.1 Registration, nominees and safe custody
Custody Services. 6.1. Plum shall provide its custody services to you in accordance with the applicable custody rules.
6.2. Once you have made an investment in the MMF, this is registered with Plum Money CY Limited and we will maintain records to show which assets are held on your behalf. This means that we may hold assets with the rest of our customers’ through Omnibus Segregated Custody Accounts.
6.3. Plum Money CY Limited will hold legal title to the Shares issued by the MMF and held by Xxxx in custody on your behalf. It will hold these Shares on trust for Plum and you shall at all times retain an ownership interest in such Shares in addition to rights over any income or other entitlements accruing from the Shares.
6.4. The custody service entails executing buying and selling of Shares issued by the MMF on your behalf. As part of the custody services, we will also be:
(a) dealing with the administration involved in the buying and selling of Shares issued by the MMF on your behalf;
(b) maintaining adequate and appropriate organisational arrangements, including the maintaining of a complete and accurate internal ledger, for the purpose of ensuring that your investments may be easily identified; and
(c) collecting on your behalf any income and other entitlements accruing from your investments in the MMF.
6.5. We will identify, record and hold all customers’ assets separately from any of our own investments and other assets, and in such a manner that the identity and location of customers’ assets can be identified at any time.
6.6. Your investments may be pooled with those of other clients for administrative reasons, but the investments owned by you will always be clearly identified in our records.
6.7. Shortfalls may arise from administrative errors, intraday movements or counterparty default. For an Omnibus Segregated Custody Account, the shortfall is shared among customers with an interest in the security.
Custody Services. All expenses of the transfer, receipt, safekeeping, servicing and accounting for the cash, securities, and other property of the Trust and each Series, including all charges of depositories, custodians, and other agents, if any;
Custody Services. INTERPRETATION AND SCOPE
Custody Services. The Trust hereby appoints the Custodian to act as custodian of the Bullion in accordance with this Agreement and any Rules which apply to the Custodian. The Custodian will be responsible for the safekeeping of the Bullion in accordance with the terms of this Agreement.
Custody Services. We provide Custody Services to Onshore Clients. This is provided in conjunction with our relevant Advisory or Discretionary Management Services. We do not provide Offshore Clients with Custody Services. If we provide you with services other than those set out above, then additional terms and conditions will apply. In most cases DBUK will be providing you with the Services. However, in certain cases, another member of our Deutsche Bank Group Company will provide a Service to you, as set out in your Account Opening Form. Offshore Clients will receive Custody Services from one or more of our affiliates outside the UK. As explained in the executive summary, the core terms and conditions in Part 1 will apply to all clients. In addition to Part 1, Part 2, containing specific Sections on our Services, will only apply to you depending on the Services it has been agreed we will provide and depending on whether you are an Onshore or Offshore Client. There are fees and charges which apply to you and for which you are responsible. These are set out in the separate Products, Services and Fees Schedule, a copy of which is provided to you by your Client Advisor. We may change these from time to time, as set out in Paragraph 25 (Variations), and we will provide you with up-to-date version. If you have a Deposit, this includes an Early Withdrawal Fee which you may have to pay if we permit you to withdraw a Deposit before maturity. Please read the Products, Services and Fees Schedule and Paragraph 25 (Variations) carefully. There are risks involved with any financial Transactions, please refer to Section 4 of this Part 1 (Additional information about investments and risk warnings) for more details. In particular, the value of Investments and any income derived from them may fall as well as rise and you may not get back the amount you invested. Past performance is not a guide or warranty to future performance. Movements in the foreign exchange markets may adversely affect the value of assets or Investments. Income and other proceeds may be significantly less than the equivalent figure on the date the Investment was entered into. Any income or gains may be negated entirely. Depending on the type of client you are, and the type of products or Services you receive under this Agreement, you may be protected by the Financial Services Compensation Scheme in case of our Insolvency. The amount of cover available will also vary depending on the product or Service. Further detail is s...
Custody Services. Whenever Southwest has been instructed to act as custodian of the securities in any Correspondent or Customer Account, or to hold such securities in "safekeeping," Southwest may hold the securities in the Customer's name or may cause such securities to be registered in the name of Southwest or its nominee or in the names of nominees of any depository used by Southwest. Southwest will perform the services required in connection with acting as custodian for securities in Correspondent and Customer accounts, such as (i) collection and payment of dividends; (ii) transmittal and handling (through Correspondent) of tenders or exchanges pursuant to tender offers and exchange offers; (iii) transmittal of proxy materials and other shareholder communications; and (iv) handling of exercises or expirations of rights and warrants, and of redemptions of securities.
Custody Services. The Client authorizes the Financial Institution to open an account with a resident or non-resident bank and/or a Custodian and/or an Authorized Person at the option of the Financial Institution for the deposit of Securities and any other items of property or other assets (the “Custody Account”), and a cash account or accounts for the deposit or receipt of cash in any currency (the “Cash Account”), in each case, currently held or from time to time received by, transferred to or held to the order or under the direction or control of the Custodian for the account of the Client. • All amounts handled by the Financial Institution on behalf of the Client are held in a client account with a Bank as stated in the List of Correspondents (“the Client Account”). The client is aware that the Financial Institution may receive interest on the clients’ bank accounts. The amount classified as interest received cannot be claimed back by the client. • The Financial Institution may hold Client’s funds inside or outside LEBANON, where different settlement, legal and regulatory requirements and ditterent practices relating to the separate identification and segregation of those funds may apply and the Client accepts any risks that may arise out of those ditterences. The Financial Institution will not be liable in any way for any act or omissions by a bank or other financial institution or by the bankruptcy of any such third party institution, unless the loss or damage results from the Financial Institution’s negligence, wilful misconduct or fraud or the negligence, wilful misconduct or fraud of its nominees. • The Financial Institution shall not use Client’s money in its custody for its own account and shall not use any funds of the Client in its possession for its own account, except for a security position that is subject to margin requirements. • By accepting these Terms and Conditions, the Client authorizes the Financial Institution to make deposits and withdrawals from the Bank Account on the Client’s behalf including withdrawals for the settlement of all transactions undertaken in accordance with any agreement and these Terms and Conditions and all amounts which are payable by or on behalf of the Client to the Financial Institution or to any other third person connected with the settlement of one or more transactions. • The Company shall require the custodian to agree that funds will not be subject to any right, charge, security interest, lien or claim of any kind in fav...
Custody Services. 1.1. Issuer hereby appoints Custodian as custodian of the Securities and cash as and when delivered to Custodian by Issuer to be held pursuant to this Agreement during the Term (as defined below), and Custodian accepts such appointment, and to provide the custody services set forth on Exhibit B (the “Services”). Issuer authorizes Custodian to hold the Securities in registered form and cash in its name or the name of its nominees beneficially on Issuer’s behalf and on behalf of investors. Issuer agrees that Custodian will be the exclusive provider of custody services for the Securities.
1.2. With respect to each offering of the Securities, Issuer has provided, or will provide prior to commencement of such offering, Custodian with a copy of its documentation related to the Securities, including, but not limited to, its formation documents, statement of good standing, resolutions related to the offering or other issuance of the Securities and appointment of Custodian, and the offering materials. Issuer or its agent will provide a ledger listing all subscribers to such offering and their respective interests in the Securities issued in such offering on a by Master LLC and Series basis (the “Investor Ledger”). Issuer shall provide Custodian and all beneficial owners through Custodian a copy of all amendments, supplements and modifications to such documents within five business days of completion of the respective amendment, supplement or modification.
1.3. Subject to Section 2, Issuer and its transfer agent (“Transfer Agent”) will record the title to the Securities in the name of Custodian and Custodian solely holds the Securities as custodian for the benefit of investor account holders of Accounts (as defined below) as indicated in the relevant Investor Ledger (“Investors”). As of the Effective Date, upon any change in the Investor Ledger and at any time upon Custodian’s request, in support of Issuer as serving as a good control location for the Securities pursuant to paragraph (c)(7) of Rule 15c3-3 of the Exchange Act, Issuer shall promptly (a) provide Custodian with an Officer’s Certificate in the form attached hereto as Exhibit C and (b) cause Transfer Agent to promptly provide Custodian with a no lien letter in the form attached hereto as Exhibit D (or such other form as mutually agreed by Custodian and Transfer Agent); provided that, in lieu of the delivery of a replacement Officer’s Certificate, Issuer and Transfer Agent may deliver files corresponding t...
