Federal Book-Entry System definition

Federal Book-Entry System means the book-entry system referred to in Rule 17f-4(b) under the Investment Company Act of 1940 for United States and federal agency securities (i.e., as provided in Subpart O of Treasury Circular No. 300, 31 CFR 306, Subpart B of 31 CFR Part 350, and the book-entry regulations of federal agencies substantially in the form of Subpart O).
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Federal Book-Entry System means the book-entry system referred to in Rule 17f-4(b) under the Investment Company Act of 1940 for
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Examples of Federal Book-Entry System in a sentence

  • The Bank may keep Portfolio Securities in the Federal Book-Entry System provided that such Securities are represented in an account ("Account") of the Bank (or its agent) in such System which shall not include any assets of the Bank (or such agent) other than assets held as a fiduciary, custodian, or otherwise for customers.

  • The records of the Bank (and any such agent) with respect to the Fund's participation in the Federal Book-Entry System through the Bank (or any such agent) will identify by Book-Entry Portfolio Securities which are included with other Securities deposited in the Account and shall at all times during the regular business hours of the Bank (or such agent) be open for inspection by duly authorized officers, employees or agents of the Fund.

  • The Bank will promptly provide the Fund with any report obtained by the Bank or its agent on the Federal Book-Entry System's accounting system, internal accounting control and procedures for safeguarding Securities deposited in the Federal Book-Entry System.

  • Copies of all advises from the Federal Book-Entry System of transfers of Securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Bank and shall be provided to the Fund at its request.

  • The Bank (or its agent) shall pay for Securities purchased for the account of the Fund or shall pay cash collateral against the return of Portfolio Securities loaned by the Fund upon (i) receipt of advice from the Federal Book-Entry System that such Securities have been transferred to the Account, and (ii) the making of an entry on the records of the Bank (or its agent) to reflect such payment and transfer for the account of the Fund.

  • The Bank will provide the Fund and cause any such agent to provide, at such times as the Fund may reasonably require, with reports by independent public accounts on the accounting system, internal accounting control and procedures for safeguarding Portfolio Securities, including Portfolio securities deposited in the Federal Book-Entry System, relating to the services provided by the bank or such agent under the Agreement.

  • The Bank (or its agent) shall pay for Securities purchased for the account of the Fund or shall pay cash collateral against the return of Portfolio Securities loaned by the Fund upon (i) receipt of advice from the Federal Book-Entry System that such securities have been transferred to the Account, and (ii) the making of any entry on the records of the Bank (or its agent) to reflect such payment and transfer for the account of the Fund.

  • Joe stated that he will be meeting with them next week and will find out the details.

  • Copies of all adivses from the Federal Book-Entry System of transfers of Securities for the account of the Fund shall identify the Fund, be maintained for the Fund by the Bank and shall be provided to the Fund at its request.

Related to Federal Book-Entry System

  • Approved Book-Entry System for Commercial Paper means a system maintained by the Custodian or by a subcustodian employed pursuant to Section 2 hereof for the holding of commercial paper in book-entry form but only if the Custodian has received a certified copy of a resolution of the Board approving the participation by the Trust in such system.

  • Securities System shall have the meaning set forth in Paragraph 3(c) of this Agreement.

  • Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance Corporation.

  • Book entry form or “book entry system” means a form or system under which (i) the ownership of book entry interests in Bonds and the principal of and interest on the Bonds may be transferred only through a book entry and (ii) physical Bond certificates in fully registered form are issued by the City only to a Depository or its nominee as registered owner, with the Bonds deposited and maintained in the custody of the Depository or its agent. The book entry maintained by others than the City is the record that identifies the owners of book entry interests in those Bonds and that principal and interest.

  • central securities depository means an entity or generally recognised book-entry or other settlement system or clearing house, central clearing counterparty or agency, acting as a local securities depository, central securities depository or international securities depository, the use of which is customary for securities settlement activities in the jurisdiction(s) in which it holds Securities or Cash in connection with this Agreement, and through which the Custodian may transfer, settle, clear, deposit or maintain Securities whether in certificated or uncertificated form and will include any services provided by any network service provider or carriers or settlement banks used by a CSD.

  • National Repository means any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule.

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;