Securities Lending Agents definition

Securities Lending Agents means Canadian Imperial Bank of Commerce and The Bank of New York Mellon and “Securities Lending Agent” means any one of them.
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Securities Lending Agents means those agents who may act as securities lending agents for the Company, including The Bank of New York Mellon, CIBC Mellon Global Securities Services Company and Canadian Imperial Bank of Commerce.
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Examples of Securities Lending Agents in a sentence

  • When a candidate has not received a unanimous committee vote, the evaluation shall include a discussion of the reasons for the divergent opinions.All committee reports should list the entire membership, be signed and dated by at least the Chair.

  • The Portfolio Accounting & Reporting Director and supporting staff will coordinate daily interaction with the Master Custodian and/or Securities Lending Agent(s).

  • Securities Lending Agents YYY, IBUY, DIVO, BLOK, BATT, SWAN, XBUY and LEND The Funds may participate in securities lending arrangements whereby a Fund lends certain of its portfolio securities to brokers, dealers, and financial institutions (not with individuals) to receive additional income and increase the rate of return of its portfolio.

  • Professional malpractice – all professional malpractice lawsuits.

  • Any risk of loss arising from any insufficiency or ineffectiveness of the security for the Notes or the custody and clearance risks which may be associated with assets comprising the Portfolio will be borne by the Noteholders without recourse to the Issuer, the Initial Purchaser, the Trustee, the Investment Manager, the Collateral Administrator, the Agents, the Custodian, the Hedge Counterparties, the Securities Lending Agents, the Securities Lending Counterparties or any other party.

  • Each day, the Securities Lending Agents will determine the market value of both the securities loaned by the Fund under a securities lending transaction or sold by the Fund under a repurchase transaction and the cash or collateral held by the Fund for such transactions.

  • The Funds may lend up to 33 1/3% of the value of the securities in their portfolios to brokers, dealers and financial institutions (but not individuals) under terms of participation in a securities lending programs administered by the Securities Lending Agents.

  • Report the Legal Entity Identifier (“LEI”) of the Securities Lending Agent(s), if available.

  • The Securities Lending Agents are required to maintain internal controls, procedures and records including a list of approved third parties based on generally accepted creditworthiness standards, transaction and credit limits for each third party, and collateral diversification standards.

  • Custodian Banks’ Role as Securities Lending Agents Should Not Be Adversely Affected by Super 23A In addition to the custody-related credit extensions described above, the Custodian Banks also perform an important market function in acting as securities lending agents for our clients, including covered fund clients.

Related to Securities Lending Agents

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.

  • Registration Agent means the registration and paying agent appointed by the County Mayor pursuant to the terms hereof, or any successor designated by the Governing Body.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Canadian Securities Regulators means the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Co-Syndication Agents as defined in the preamble hereto.

  • SEC issuer means an issuer that

  • UBS shall have the meaning assigned to such term in the preamble to this Agreement.

  • Co-Syndication Agent means each of Bank of America, N.A., Branch Banking and Trust Company and Xxxxx Fargo Bank, N.A. in its capacity as syndication agent for the credit facility evidenced by this Agreement.