Designated Market definition
Examples of Designated Market in a sentence
After this 60-day period, that added market will be deemed to be a Designated Market for the purposes of the Trust Agreement.
A Designated Market is a market where the risks of engaging a sub-custodian are significantly greater than they would be in more established markets.
The Manager agrees that it will have 60 days from the date of any such notice to raise concerns regarding any new Designated Market which is added to the list.
A Designated Market is a market where the risks of engaging a subcustodian or Agent are significantly greater than they would be in more established markets.
However, where the Trustee engages a sub-custodian in a Designated Market, the Manager hereby acknowledges and agrees that the Trustee will not be responsible for the negligence or wrongful acts of such sub-custodians and that such negligence or wrongful acts will not be considered to be a breach by the Trustee of its standard of care or negligence for the purposes of this Trust Agreement.