Custody Bank definition

Custody Bank means, in relation to a payment denominated in a particular currency, a bank in the principal financial centre for such currency or, where the relevant payment is denominated in euro, in a city in which banks have access to the TARGET System.
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Custody Bank. – shall mean any financial institution, or its branches or agencies, in an international foreign center, which is rated the highest by two internationally recognized risk analysis agencies, able to receive and hold cash balances in an internationally convertible currency, act as the custodian itself or by an Official, keep operation records of the National Oil Account, and provide to the public, directly or through competent entities, the information subject to the transparency principle under the terms of this law;
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Custody Bank means the Contractor or Contractors assigned to provide services consistent with Title 2, Chapter 60, Part 7 NMAC.
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Examples of Custody Bank in a sentence

  • If the Collateral Account is an omnibus account, the Custody Bank or a third-party agent or trustee (the “Agent” or “Trustee”) must maintain subledgers showing the amount of Collateral owed to each Lender with respect to the Securities that each such Lender has loaned to Borrower.

  • Cash and Cash Equivalents: Assets held by the designated Custody Bank that are cash or can be converted into cash immediately.

  • Free Delivery: the withdrawal of cash and cash equivalents or securities from a Custody Bank account without a reciprocal exchange of other like kind cash and cash equivalents or securities Like Kind Exchange: Cash and cash equivalents or securities in which each side of the transaction are of equal value.

  • In addition, the shares in the Company held by the Custody Bank of Japan, Ltd.

  • By executing this Agreement, Xxxxxx hereby agrees that Borrower will deposit Collateral in a Custody Account in the name of Lender or all Lenders, or the Trustee for the benefit of all Lenders at the Custody Bank in accordance with Annex A hereto, which may be amended by Lender without notice.

  • The General Manager of Istanbul Settlement and Custody Bank Inc.ı) General Regulation: The General Regulation on the Establishment and Operating Principles of the Central Clearing and Settlement Institutions published in the Official Gazette no.

  • In the event the Noteholder demands from the Issuer physical delivery of the Underlying, to assert such delivery claim, the Noteholder must submit to the Noteholder Custody Bank a written delivery request pursuant to section 14 (Notices) (the "Delivery Request") to be forwarded to the Calculation Agent and the Paying Agent containing the details specified in section 5.4 below.

  • Collateral management is mainly carried out by Istanbul Settlement and Custody Bank (Takasbank), which is the CCP for Borsa Istanbul markets.

  • The provision of article 48 of Istanbul Settlement and Custody Bank Inc.

  • Central Counterparty Regulation, the Regulation on Activities of Payment and Securities Settlement Systems, the Directive on Istanbul Settlement and Custody Bank Inc.


More Definitions of Custody Bank

Custody Bank means any bank or trust company from time to time designated as such by the Board pursuant to Rule IV-7 for the purpose of holding Participant assets in Custody Accounts.
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Custody Bank means the institution at which the Sovereign Wealth Fund Account is opened pursuant to this Act;
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Custody Bank means Mellon Bank, N.A., as Custody Bank under the Custody and Control Agreement.
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Custody Bank means the institution at which the Permanent Restricted Account is opened pursuant to this Act;
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Related to Custody Bank

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Custody Agreement means the Custodial Agreement, dated as of the Closing Date among the Borrower, the Servicer, the Originator, the Administrative Agent and the Collateral Custodian, as amended by that certain Amendment No. 1 to Custodial Agreement dated as of April 14, 2009 and as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.

  • Custodian bank means as defined in section 515.35.

  • Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5.

  • Bank is defined in the preamble hereof.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Custody means joint legal custody, sole legal custody, joint physical custody or sole

  • Collateral Custodian means U.S. Bank National Association, solely in its capacity as collateral custodian, together with its successors and permitted assigns in such capacity.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Indian custodian means any Indian person who has legal custody of an Indian child under tribal law or custom or under State law or to whom temporary physical care, custody, and control has been transferred by the parent of such child;

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

  • Physical custody means the physical care and supervision of a child.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Non-Custody Assets shall have the meaning set forth in Section 10.1.

  • Custodial Agent means the Person who is then the Custodial Agent thereunder.

  • Joint custody means (i) joint legal custody where both parents retain joint responsibility for the

  • the institution means the institution which the Corporation is established to conduct and any institution for the time being conducted by the Corporation in exercise of its powers under the Further and Higher Education Act 1992;

  • Depositor Affiliate has the meaning specified in Section 4.9.

  • Private institution (“sefydliad preifat”) means an institution which is not publicly funded;

  • Legal custody means (i) a legal status created by court order which vests in a custodian the right to

  • Home Institution means the institution where the student is currently enrolled as a degree seeking student and may be eligible for financial aid at the same institution.