Common use of Foreign Exchange Contracts as Principal Clause in Contracts

Foreign Exchange Contracts as Principal. When acting as principal, the Custodian shall enter into foreign exchange contracts or options to purchase and sell foreign currencies for spot and future delivery on behalf of and for the account of a Portfolio, subject to such pricing schedule as has been mutually agreed upon by the parties. In acting as principal, the Custodian shall be responsible for the selection of the currency brokers or banking institutions and the failure of such currency brokers or banking institutions to comply with the terms of any contract or option.

Appears in 7 contracts

Samples: Global Custodial and Agency Services Agreement (Dimensional ETF Trust), Global Custodial Services Agreement (Dfa Investment Trust Co), Global Custodial Services Agreement (Dimensional Emerging Markets Value Fund)

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Foreign Exchange Contracts as Principal. When acting as principal, the Custodian shall enter into foreign exchange contracts or options to purchase and sell foreign currencies for spot and future delivery on behalf of and for the account of a PortfolioFund, subject to such pricing schedule as has been mutually agreed upon by the parties. In acting as principal, the Custodian shall be responsible for the selection of the currency brokers or banking institutions and the failure of such currency brokers or banking institutions to comply with the terms of any contract or option.

Appears in 1 contract

Samples: Global Custodial and Agency Services Agreement (Nushares ETF Trust)

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