Segregation and Registration of Assets; Nominee Name. (a) X.X. Xxxxxx will identify in its books that those Financial Assets credited to the Customer’s Securities Account belong to the Customer (except as may be otherwise agreed by X.X. Xxxxxx and the Customer).
Segregation and Registration of Assets; Nominee Name. (a) J.X. Xxxxxx will identify in its books that those Financial Assets credited to the Customer’s Securities Account belong to the Customer (except as may be otherwise agreed by J.X. Xxxxxx and the Customer). Global Custody Agreement - New York - General February 2018 version
Segregation and Registration of Assets; Nominee Name. (a) X.X. Xxxxxx will identify in its books that those Financial Assets credited to the Customer’s Securities Account belong to the Customer (except as may be otherwise agreed by X.X. Xxxxxx and the Customer). (b) To the extent permitted by Applicable Law, X.X. Xxxxxx will require each Subcustodian to identify that Financial Assets held at such Subcustodian by X.X. Xxxxxx on behalf of its customers belong to customers of X.X. Xxxxxx, by means of differently titled accounts on the books of the Subcustodian or other equivalent measures that achieve the same level of protection. (c) X.X. Xxxxxx is authorized, in its discretion to: (i) hold in bearer form, such Financial Assets as are customarily held in bearer form or are delivered to X.X. Xxxxxx or its Subcustodian in bearer form; (ii) hold Financial Assets in or deposit Financial Assets with any Securities Depository; (iii) hold Financial Assets in omnibus accounts on a fungible basis and accept delivery of Financial Assets of the same class and denomination as those deposited by the Customer; (iv) register in the name of X.X. Xxxxxx, a Subcustodian or Securities Depository or their respective nominees such Financial Assets as are customarily held in registered form unless such Financial Assets are required to be registered in the name of the Customer, X.X. Xxxxxx, a Subcustodian, a Securities Depository or their respective nominees under local law or market practice, in which case they will be registered in the manner required by local law or market practice; and (v) decline to accept any asset or property which it deems to be unsuitable or inconsistent with its custodial operations acting in good faith. X.X. Xxxxxx must promptly notify the Customer if it declines to accept any asset or property under this paragraph (v). Global Custody Agreement - New York - General - January 2022
