Custody Services Clause Samples

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. We may provide custody services for your securities and assets (“Assets”). Our custody services involve holding Assets on your behalf in custody. The main features of this service are set out below and we provide this service as follows: (a) you hereby request and consent to us providing, as we deem fit (and without obligation), custody services to you for Assets delivered to or collected by us on your behalf and by opening any account or sub-account (whether in your name or on your behalf), depositing or lodging your Assets with any banking or financial institution, securities or clearing institution, depository, depository agent, custodian, sub-custodian or other entity wherever situate as we may in our absolute discretion select, including in non-EEA jurisdictions, (each a “Nominee”), upon such other terms and conditions as may be approved by us, and you hereby agree to be bound thereby. (b) Please note that, except as required by law, any cash held in the Account is held by us as banker. You agree that we may pay the fees, costs, commissions and other expenses of such Nominee. (c) The Nominee in turn shall be entitled to appoint, without your further consent, any other person to act as sub-custodian or nominee of the Assets. Where we deposit Assets with a third party, we carry out due diligence in the selection, appointment and periodic review of the third party and of the arrangements for the holding and safekeeping of those Assets. In particular, we take into account the expertise and market reputation of the third party as well as any legal requirements related to the holding of financial instruments that could adversely affect clients’ rights. We shall not be liable or responsible for any act or omission of, or any insolvency, fraud, default, negligence or dissolution of, any such sub-custodian, nominee or Nominee or any of its officers, employees, servants or agents in connection with the Assets in its custody and any Loss which you may suffer or incur arising from or in connection therewith. (d) We hold your financial instruments in custody subject to the protections provided by Applicable Regulations. This requires us to keep accurate records and accounts enabling us to distinguish your financial instruments from those held for other clients and from our own assets, to regularly reconcile our internal records and accounts and those of any third parties with whom your financial instruments are held, to take the steps outlined below when we deposi...

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 ▇▇▇▇ 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. 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. INTERPRETATION AND SCOPE

Custody Services. After Your Buy Order in a Financial Instrument is executed, You automatically authorise us to safekeep and administer this Financial Instrument on Your behalf (and for your risk and account) until the moment You sell it. We call this the Custody of Your Financial Instruments. All Financial Instruments shown in Your Invest Pocket are held in Custody for You by Vivid NL. All Financial Instruments we hold in Custody for Our Clients are held in accordance with the provisions of the Dutch Securities Giro Act (Wet giraal effectenverkeer, Wge). By doing so, Clients’ Financial Instruments are legally segregated by operation of law from the estate of Vivid NL itself. This ensures that Financial Instruments of Clients that We hold in Custody fall outside the bankruptcy estate of Vivid NL in the event We go bankrupt. However, please be aware that Vivid NL may use third parties to act as sub-custodians holding Your Financial Instruments and that Vivid NL is not liable for the loss of such Financial Instruments as a consequence of the bankruptcy or any acts or omissions of such third parties. Please carefully read the Risk Disclosure Document to see what this means for You. Any investment in Financial Instruments with Vivid NL may fall under the protection of the Dutch Investor Compensation Scheme (ICS). See more information about the ICS in Article 23 below.

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.