Common use of Custody Services Clause in Contracts

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. 6.1. Plum shall provide its custody services to you in accordance with the applicable custody rulesFCA Custody Rules. 6.2. Once you have made an investment in the MMF, this is registered with Plum Money CY Saveable 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 Saveable 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.