Settlement of CCP and CSD Transactions. 1.1 In order to settle transactions on your behalf, PSL will need to deal with the other party to the transaction (the “counterparty”) and sometimes transactions will be settled through a central counterparty (“CCP”) or a central securities depositary or other securities settlement system (“CSD”) or other depositary transfer agent or similar body. When PSL deals with these parties, it does so as your agent, in good faith and on the basis that:
Settlement of CCP and CSD Transactions. 9.1 In order to settle transactions on the Investor’s behalf, the Custodian will need to deal with the other party to the transaction (the “counterparty”) and sometimes transactions will be settled through a CCP, CSD or other depositary transfer agent or similar body. When the Custodian deals with these parties, it does so as the Investor’s agent, in good faith and on the basis that:
