Cash Custodian definition

Cash Custodian means The Bank of New York Mellon and any substitute or additional custodian of the Trust's cash pursuant to a written agreement with the Trust or Administrative Trustee on behalf of the Trust.

Cash Custodian means an entity designated to act as custodian of the Trust’s cash pursuant to a written agreement with the Trust or Sponsor on behalf of the Trust.

Cash Custodian means UMB Bank, N.A., together with its permitted successors and assigns, or any other Person from time to time engaged by the Trust to assist with custody of the Trust’s U.S. dollars.

Examples of Cash Custodian in a sentence

• Further, while the OPCA investments are made at the discretion of the Cash Manager in accordance with the terms of a written cash management agreement, the custody of the investments at all times remains with the Cash Custodian.

• The Sponsor maintains the OPCA with one or more custodians (each, a “Cash Custodian”), and the OPCA is managed by one or more third-party cash managers (each, a “Cash Manager”) which may include the Sponsor, the Cash Custodian and/or any of their respective affiliates.

• Should the Receiving Agent, the Cash Custodian or the Approved Bank become insolvent, We will claim on behalf of Our clients.

• To mitigate this risk, the Sponsor has established that the OPCA’s assets be invested in highly liquid investments with only the highest credit ratings and maintained by a separate third party Cash Custodian under the terms of a written custody agreement, such that the OPCA assets are maintained in a separate segregated account with the Cash Custodian.

• The Cash Custodian is subject to the FCA’s client money rules and, therefore, any of Your monies held by the Cash Custodian will receive the protections afforded by the FCA’s client money rules.

More Definitions of Cash Custodian

Cash Custodian means Woodside Corporate Services Limited, authorised and regulated by the FCA under firm reference number 467652, and whose registered office is at 4th Floor, 00 Xxxx Xxxx, London EC3R 7QR;

Cash Custodian means Woodside Corporate Services Limited, authorised and regulated by the FCA under firm reference number 467652, and whose registered office is at 4th Floor, 50 Mark Lane, London EC3R 7QR.

Cash Custodian means any other Person from time to time engaged to provide custodian, security or related services to the Trust’s cash assets pursuant to authority delegated by the Sponsor.

Cash Custodian shall have the meaning ascribed to it in the Procedures.

Cash Custodian means State Street Bank and Trust Company, or any other Person or Persons from time to time engaged to provide custodian, security or related services to the Trust with respect to non-bitcoin assets pursuant toa written agreement with the Trust or Sponsor on behalf of the Trust.

Cash Custodian means Silvergate Bank in its capacity as custodian of the cash assets of the Fund, or if applicable, its successor or any other cash custodian that may be appointed by the Manager from time to time.

Cash Custodian means UMB Bank, N.A. or any other Person from time to time engaged to provide cash custodian services or related services to the Trust pursuant to authority delegated by the Sponsor.