Common use of Singapore Dollar Transfers Clause in Contracts

Singapore Dollar Transfers. Any Singapore Dollars to be transferred in connection with any Order shall be transferred between the Authorized Participant’s account and the Trust’s deposit accounts established for such transfers pursuant to the Deposit Account Agreement (the “Deposit Accounts”) in accordance with the Procedures. The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of Singapore Dollars between its account and the Deposit Accounts, including any late fees and other charges, if any, for which the Trustee becomes responsible in the event that Singapore Dollars are not transferred from the Authorized Participant’s account in accordance with the Procedures.