Common use of Access to Bank's Records Clause in Contracts

Access to Bank's Records. Bank will allow Customer’s independent public accountants such access to the records of Bank relating to Financial Assets and cash as is required in connection with their examination of books and records pertaining to Customer’s affairs. Subject to any restrictions under Applicable Law as it relates to the Subcustodian, Bank also will obtain an undertaking to permit Customer’s independent public accountants, reasonable access to the records of any Subcustodian relating to Financial Assets and cash held in the Securities Account and/or Cash Account as may be required in connection with such examination. Bank shall also provide Customer and/or its independent public accounts with the most recent SAS-70 report concerning Bank’s accounting system, procedures for safeguarding securities and internal accounting controls, and such procedures, as well as the records of Bank relating to this Agreement, will be open to inspection at reasonable times to Customer and/or its independent public accountants. In addition, Bank shall also provide promptly upon request by Customer such reports as are publicly available regarding its financial strength.