Examples of Trust department in a sentence
As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.
As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Corporation coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.
Category B includes uninsured and unregistered investments for which the securities are held by the counterparty’s Trust department or agent in the Authority’s name.
Trust department income is reported on the accrual basis of accounting.
Category C includes uninsured and unregistered investments for which securities are held by the counterparty or its Trust department but not in the Authority’s name.