Foreign Custody. In the case of safekeeping of Securities outside of Germany, Trade Republic's liability is limited to the careful selection and instruction of the foreign custodian or intermediary custodian engaged by it. In the case of an intermediate custody by Clearstream Banking AG or another German domestic intermediary custodian as well as a custody by its own foreign branch, Trade Republic is liable for their fault.
Foreign Custody. If applicable and or necessary Custodian hereby accepts the delegation of responsibilities with respect to each Specified Country and agrees in performing the responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Trust’s assets would exercise. Custodian shall provide to the Board of Trustees at such times as deemed reasonable and appropriate based on the circumstances of Trust any Trust’s foreign custody arrangements, written reports notifying the Board of Trustees of the placement of assets of the Trust with a particular Foreign Depository within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets such Trust with any such Foreign Depository.
Foreign Custody. The Sub-Advisor agrees to review a periodic report and related risk analysis provided by the Bank of New York regarding the use of eligible foreign securities depositories; to consider the information contained in and referred to in the report when determining whether to invest Fund assets in foreign jurisdictions where assets would be held in such securities depositories; and to confirm in writing such review and consideration each quarter upon request by Advisor.
Foreign Custody. If applicable and or necessary the Custodian hereby accepts the delegation of responsibilities with respect to each Specified Country and agrees in performing the responsibilities as a foreign custody manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Company’s assets would exercise. The Custodian shall provide to the Board at such times as reasonable and appropriate based on the circumstances of the Company and any of the Company’s foreign custody arrangements, written reports notifying the Board of the placement of assets of the Company with a particular Foreign Depository within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of such Company with any Foreign Depository. Under U.S. federal law, any part of a Fund kept by either the Custodian or any sub-custodians or Depositories in foreign locations (outside of the U.S.) is not insured by the FDIC. In the event of the liquidation of the Custodian, any sub-custodian, or any Depository, foreign branch deposits have a lesser preference than U.S. deposits, and such foreign deposits are subject to cross-border risks.
Foreign Custody. The Sub-Advisor shall invest Fund assets in those foreign jurisdictions, if any, permitted by the Prospectus. The Sub-Advisor agrees to refrain from investment in any jurisdiction prohibited by the Advisor. The Bank of New York Mellon, as custodian for the Fund, shall be responsible for all selection of foreign securities depositories.
Foreign Custody. 11 15 Upon request of a Fund, the Custodian shall deliver, or cause to be delivered, to the Fund a certificate stating: (i) the identity of each Foreign Subcustodian then acting on behalf of the Custodian; (ii) the countries in which and the securities depositories ("Securities Depository") and clearing agencies ("Clearing Agencies") through which each such Foreign Subcustodian is then holding cash, Securities and other Assets of the Fund; and (iii) such other information as may be requested by such Fund, and as the Custodian shall be reasonably able to obtain, to evidence compliance with rules and regulations under the 1940 Act.
Foreign Custody. If applicable and or necessary the Custodian hereby accepts the delegation of responsibilities with respect to each Specified Country and agrees in performing the responsibilities as a foreign custody manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Company’s assets would exercise. The Custodian shall provide to the Board at such times as reasonable and appropriate based on the circumstances of the Company and any of the Company’s foreign custody arrangements, written reports notifying the Board of the placement of assets of the Company with a particular Foreign Depository and/or Eligible Foreign Custodian within a Specified Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets of such Company with any Foreign Depository. Under U.S. federal law, any part of a Fund kept by either the Custodian or any sub-custodians or Depositories in foreign locations (outside of the U.S.) is not insured by the FDIC. In the event of the liquidation of the Custodian, any sub-custodian, or any Depository, foreign branch deposits have a lesser preference than U.S. deposits, and such foreign deposits are subject to cross-border risks. The Custodian shall ensure that each engagement with a Eligible Foreign Custodian complies with the conditions set forth in Rule 17f-5(c) under the 1940 Act. The Custodian or its agent shall monitor the custody risks associated with maintaining the Company’s foreign assets at each such Foreign Depository on a continuing basis and shall promptly notify the Company or its adviser of any material changes in such risks.
Foreign Custody. The Sub-Advisor agrees to review a periodic report and related risk analysis provided by the Bank of New York regarding the use of eligible foreign securities depositories; to consider the information contained in and referred to in the report when determining whether to invest Fund assets in foreign jurisdictions where assets would be held in such securities depositories; and to confirm in writing such review and consideration each quarter upon request by Advisor. This paragraph 2(m) shall not be construed to impose any liability on the Sub-Advisor for any investment losses incurred by the Fund in connection with investment of the Fund’s assets in foreign jurisdictions where such assets are held in a securities depository, unless such investments are not permitted by: (i) this Agreement; (ii) the Prospectus; or (iii) the Trust Compliance Policies.
Foreign Custody. If applicable and or necessary Custodian hereby accepts the delegation of responsibilities with respect to each Specified Country and agrees in performing the responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Trust's assets would exercise. Custodian shall provide to the Board of Trustees at such times as deemed reasonable and appropriate based on the circumstances of Trust any Trust's foreign custody arrangements, written reports notifying the Board of Trustees of the placement of assets of the Trust with a particular Foreign Depository within a Specified Execution Copy Country and of any material change in the arrangements (including the contract governing such arrangements) with respect to assets such Trust with any such Foreign Depositoiy.
Foreign Custody. The Custodian is further authorized to holdProperty in custody accounts which have been established by theCustodian with (i) one or more of the Custodian's non-U.S. branches ormajority-owned non-U.S. subsidiaries, a non-U.S. branch ormajority-owned subsidiary of a U.S. bank or a non-U.S. bank or trustcompany, acting as custodian (individually, a "non-U.S. Subcustodian";U.S. Subcustodians and non-U.S. Subcustodians, collectively,"Subcustodians"), or a non-U.S. depository or clearing agency orsystem in which the Custodian or any Subcustodian participates(individually, a "non-U.S. Securities System"; U.S. Securities Systemand non-U.S. Securities System, collectively, "Securities System"). In each case in which a non-U.S. Subcustodian or non-U.S. SecuritiesSystem is employed (a) such non-U.S. Subcustodian or non-U.S.Securities System either is (i) a "qualified U.S. bank" as defined byRule 17f-5 under the 1940 Act ("Rule 17f-5"); (ii) an "eligibleforeign custodian" within the meaning of Rule 17f-5 or (iii) thesubject of an order granted by the U.S. Securities and ExchangeCommission ("SEC") exempting such non-U.S. Subcustodian or non-U.S.Securities System or the subcustody arrangements thereto from all orpart of the provisions of Rule 17f-5. In addition, Property shall notbe held in any non-U.S. Subcustodian unless the agreement between theCustodian and such non-U.S. Subcustodian has been approved byInstructions, nor shall Property be held in any non-U.S. SecuritiesSystem unless the use of such non-U.S. Securities System is approvedby Instructions. Upon request of the Trust, the Custodian shall deliver to theTrust annually (i) a certificate stating: (x) the identity ofeach non-U.S. Subcustodian and non-U.S. Securities System thenacting on behalf of the Custodian and the name and address of thegovernmental agency or other regulatory authority that supervisesor regulates such non-U.S Subcustodian and non-U.S. SecuritiesSystem, and (y) the countries in which each non-U.S. Subcustodianor non-U.S. Securities System is located; and (ii) such otherinformation relating to such non-U.S. Subcustodians and non-U.S.Securities Systems as may reasonably be requested by the Trust toensure compliance with Rule 17f-5. So long as Rule 17f-5 requiresthe Trust's Board of Trustees to directly approve its foreigncustody arrangements, the Custodian shall furnish annually to theTrust information concerning such non-U.S. Subcustodians andnon-U.S. Securities Systems similar in kind and s...
