Common use of Identification of Investments Clause in Contracts

Identification of Investments. (i) MSI plc will (subject to paragraph A.2.2.(ii)) identify, record and hold all the Client’s Investments held with MSI plc in such a manner that (a) the identity and location of those Investments can be ascertained at any time, and (b) those Investments are readily identifiable as Investments belonging to a customer of MSI plc and are separately identifiable from any Investments of MSI plc. Nothing in the preceding sentence shall prevent all or any part of the Client’s Investments being co-mingled with Investments of the same description of other customers of MSI plc and MSI plc will not be obliged to ensure that the Client’s Investments will be separately distinguishable from Investments belonging to other customers of MSI plc. (ii) MSI plc will require that where a Financial Instrument is recorded in an account with a sub-custodian, that sub-custodian will make it clear in the title of the account that the Investment belongs to one or more customers of MSI plc.