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.

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 agent, 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;

Custody Bank means the Contractor or Contractors assigned to provide services consistent with Title 2, Chapter 60, Part 7 NMAC.

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.

• 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.

• 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.

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

• Mr. Creamer presented to the Board the Executive Director’s Report, a copy of which is attached as Attachment A.

• 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.

• The Capital Markets Law No. 6362, the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions, the Regulation on Establishment and Operating Principles of Central Clearing and Settlement Institutions, 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.

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

More Definitions of Custody Bank

Custody Bank means the institution at which the Permanent Restricted Account is opened pursuant to this Act;

Custody Bank means Mellon Bank, N.A., as Custody Bank under the Custody and Control Agreement.

Custody Bank means the institution at which the Sovereign Wealth Fund Account is opened pursuant to this Act;

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.