Securities Segregation. 4.6.1. The Custodian shall identify Securities on its records in a manner so that it is readily apparent the Securities held in a Custody Account (i) belong to the Client or its customers (as applicable), (ii) do not belong to the Custodian or any other clients of the Custodian, and (iii) are segregated on the books and records of the Custodian from the Custodian’s and its other clients’ assets. The Custodian intends that Securities will be held in such manner that they should not become available to the insolvency administrator or creditors of the Custodian.
Securities Segregation. 4.6.1 The Custodian shall identify Securities on its records in a manner so that it is readily apparent the Securities: (i) belong to the Client; (ii) do not belong to the Custodian or any other clients of the Custodian; and (iii) are segregated on the books and records of the Custodian from the Custodian’s and its other clients’ assets. The Custodian intends that Securities will be held in such manner that they should not become available to the insolvency administrator or creditors of the Custodian.
Securities Segregation. 4.5.1 The Custodian shall identify Securities on its records in a manner so that it is readily apparent the Securities (i) belong to the Client, (ii) do not belong to the Custodian or any other clients of the Custodian, and (iii) are segregated on the books and records of the Custodian from the Custodian's and its other clients' assets. In the U.S. the Custodian will hold U.S. Securities in a manner that they should not become available to the insolvency administrator or creditors of the Custodian. In all other markets, the Custodian intends that Securities will be held in such manner that they should not become available to the insolvency administrator or creditors of the Custodian.
Securities Segregation. 5.7.1 The Custodian shall identify Securities on its records in a manner so that it is readily apparent the Securities: (i) belong to the Client; (ii) do not belong to the Custodian or any other clients of the Custodian; and (iii) are segregated on the books and records of the Custodian from the Custodian's and its other clients' assets. Securities will be held on trust for the Client and in such manner that they should not become available to the insolvency administrator or creditors of the Custodian. The Custodian will hold Cash as banker, as a debt due to the Client, and not as trustee or fiduciary. As a result, Cash will not be held in accordance with Client Money Rules or similar rules in any jurisdiction.
