Manner of Holding Foreign Assets. The Custodian shall identify on its books as belonging to the Fund the Foreign Assets of the Fund held by each Subcustodian and Eligible Securities Depository. The Custodian may hold Foreign Assets (other than cash) for all of its customers, including the Fund, with a Subcustodian in an account that is identified as belonging to the Custodian for the benefit of its customers; provided however, that (i) the records of the Custodian with respect to such Foreign Assets of the Fund which are maintained in such account shall identify those Foreign Assets (other than cash) as belonging to the Fund and (ii) the Custodian shall require that Foreign Assets (other than cash) so held by the Subcustodian be held separately from any assets of the Subcustodian or of other customers of such Subcustodian. Section 5.
Appears in 4 contracts
Samples: Custodian Agreement (Growth Fund of America Inc), Custodian Agreement (Smallcap World Fund Inc), Global Custody Agreement (American Fund Insurance Series)
