Examples of Designated Markets in a sentence
The Trust Agreement contains a list of such Designated Markets, which the Trustee may amend from time to time, subject to the Manager’s ability to raise any concerns about markets to be added to such list.
Currently, the list contains the following four Designated Markets: Argentina, Nigeria, the Russian Federation, and Vietnam.
Notwithstanding the aforementioned, the Trustee has agreed that it will continue to accept responsibility for the selection and ongoing monitoring of its sub-custodians in all markets, except Designated Markets, in accordance with its standard of care.
Accordingly, notwithstanding any other provision of this Agreement, where the Custodian is providing custodial services in Designated Markets (whether directly or through a subcustodian) in respect of a Fund, the Custodian may not be able to accept some of the liabilities for the acts of its subcustodians and Agents which are otherwise contemplated by this Agreement.
In Designated Markets, the risks arising out of custody in Designated Markets (including risk relating to the sub-custodian arrangements) are significantly greater than they would be in relation to more established markets.