Common use of Contractual Settlement Date Accounting Clause in Contracts

Contractual Settlement Date Accounting. (a) ▇.▇. ▇▇▇▇▇▇ will effect book entries on a contractual settlement date accounting basis as described below with respect to the settlement of transactions in those markets where ▇.▇. ▇▇▇▇▇▇ generally offers contractual settlement date accounting. (i) Sales: On the settlement date for a sale, ▇.▇. ▇▇▇▇▇▇ will credit the Cash Account with the proceeds of the sale and transfer the relevant Financial Assets to an account at ▇.▇. ▇▇▇▇▇▇ pending settlement of the transaction where not already delivered. (ii) Purchases: On the settlement date for the purchase (or earlier, if market practice requires delivery of the purchase price before the settlement date), ▇.▇. ▇▇▇▇▇▇ will debit the Cash Account for the settlement amount and credit a separate account at ▇.▇. ▇▇▇▇▇▇. ▇.▇. ▇▇▇▇▇▇, in its sole discretion, may post the Securities Account as while awaiting receipt of the expected Financial Assets. Customer will not be entitled to the delivery of Financial Assets that are awaiting receipt until ▇.▇. ▇▇▇▇▇▇ or a Subcustodian actually receives them. Upon request, ▇.▇. ▇▇▇▇▇▇ shall provide Customer with a list of those markets for which it provides contractual settlement date accounting. ▇.▇. ▇▇▇▇▇▇ may add markets to or remove markets from this list upon reasonable notice to Customer. ▇.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons. Global Custody Agreement — JPMCB New York — CTC Platform — April 2010 (b) ▇.▇. ▇▇▇▇▇▇ may reverse any debit or credit made pursuant to Section 2.5(a) prior to a transaction’s actual settlement upon notice to Customer in cases where ▇.▇. ▇▇▇▇▇▇ reasonably believes that the transaction will not settle in the ordinary course within a reasonable time. Customer will be responsible for any costs or liabilities resulting from such reversal. Customer acknowledges that the procedures described in Section 2.5 are of an administrative nature, and ▇.▇. ▇▇▇▇▇▇ does not undertake to make loans of cash and/or Financial Assets available to Customer.

Contractual Settlement Date Accounting. (a) In cases where ▇.▇. ▇▇▇▇▇▇ and the Customer agree to do so, and subject to the other provisions of this Section 2.5, ▇.▇. ▇▇▇▇▇▇ will effect book entries on a contractual settlement date accounting basis as described below with respect to the settlement of for those Financial Assets and transactions in those markets where as to which ▇.▇. ▇▇▇▇▇▇ generally customarily offers contractual settlement date accounting. (i) Sales: On the settlement date for a sale, ▇.▇. ▇▇▇▇▇▇ will credit the Cash Account with the proceeds of the sale and transfer post the Securities Account as pending delivery of the relevant Financial Assets to an account at ▇.▇. ▇▇▇▇▇▇ pending settlement of the transaction where not already deliveredAssets. (ii) Purchases: On the settlement date for the a purchase (or earlier, if market practice requires delivery of the purchase price before the settlement date), ▇.▇. ▇▇▇▇▇▇ will debit the Cash Account for the settlement amount and credit a separate account at ▇.▇. ▇▇▇▇▇▇. ▇.▇. ▇▇▇▇▇▇, in its sole discretion, may will then post the Securities Account as while awaiting receipt of the expected Financial Assets. The Customer will not be entitled to the delivery of Financial Assets that are awaiting receipt until ▇.▇. ▇▇▇▇▇▇ or a Subcustodian actually receives them. Upon request, ▇.▇. ▇▇▇▇▇▇ shall provide Customer with a list of those markets for which it provides contractual settlement date accounting. ▇.▇. ▇▇▇▇▇▇ may add markets to or remove markets from this list upon reasonable notice to Customer. ▇.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons. Global Custody Agreement — JPMCB New York — CTC Platform — April 2010 (b) ▇.▇. ▇▇▇▇▇▇ may reverse any debit or credit book entries made pursuant to Section 2.5(a) prior to a transaction’s actual settlement upon notice to the Customer in cases where if ▇.▇. ▇▇▇▇▇▇ reasonably believes that the transaction will not settle in the ordinary course within a reasonable time. The Customer will be responsible for any costs or liabilities Liabilities resulting from such reversal, unless such Liabilities were caused by ▇.▇. ▇▇▇▇▇▇’▇ breach of the Standard of Care. The Customer acknowledges that the procedures described in Section 2.5 are of an administrative nature, and ▇.▇. ▇▇▇▇▇▇ does not undertake to make loans of cash and/or Financial Assets available to the Customer. (c) ▇.▇. ▇▇▇▇▇▇ will make available on its website a list of the markets for which it provides contractual settlement date accounting. ▇.▇. ▇▇▇▇▇▇ may add markets to or remove markets from the contractual settlement date accounting service upon notice to the Customer that is reasonable in the circumstances. Additionally, ▇.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall.

Contractual Settlement Date Accounting. (a) In cases where ▇.▇. ▇▇▇▇▇▇ and the Customer agree to do so, and subject to the other provisions of this Section 2.5, ▇.▇. ▇▇▇▇▇▇ will effect book entries on a contractual settlement date accounting basis as described below with respect to the settlement of for those Financial Assets and transactions in those markets where as to which ▇.▇. ▇▇▇▇▇▇ generally customarily offers contractual settlement date accounting. (i) Sales: On the settlement date for a sale, ▇.▇. ▇▇▇▇▇▇ will credit the Cash Account with the proceeds of the sale and transfer post the Securities Account as pending delivery of the relevant Financial Assets to an account at ▇.▇. ▇▇▇▇▇▇ pending settlement of the transaction where not already deliveredAssets. (ii) Purchases: On the settlement date for the a purchase (or earlier, if market practice requires delivery of the purchase price before the settlement date), ▇.▇. ▇▇▇▇▇▇ will debit the Cash Account for the settlement amount and credit a separate account at ▇.▇. ▇▇▇▇▇▇. ▇.▇. ▇▇▇▇▇▇, in its sole discretion, may will then post the Securities Account as while awaiting receipt of the expected Financial Assets. The Customer will not be entitled to the delivery of Financial Assets that are awaiting receipt until ▇.▇. ▇▇▇▇▇▇ or a Subcustodian actually receives them. Upon request, ▇.▇. ▇▇▇▇▇▇ shall provide Customer with a list of those markets for which it provides contractual settlement date accounting. ▇.▇. ▇▇▇▇▇▇ may add markets to or remove markets from this list upon reasonable notice to Customer. ▇.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons. Global Custody Agreement — JPMCB New York — CTC Platform — April 2010 (b) ▇.▇. ▇▇▇▇▇▇ may reverse any debit or credit book entries made pursuant to Section 2.5(a) prior to a transaction’s actual settlement upon notice to the Customer in cases where if ▇.▇. ▇▇▇▇▇▇ reasonably believes that the transaction will not settle in the ordinary course within a reasonable time. The Customer will be responsible for any costs or liabilities Liabilities resulting from such reversal. The Customer acknowledges that the procedures described in Section 2.5 are of an administrative nature, and ▇.▇. ▇▇▇▇▇▇ does not undertake to make loans of cash and/or Financial Assets available to the Customer. (c) ▇.▇. ▇▇▇▇▇▇ will make available on its website a list of the markets for which it provides contractual settlement date accounting. ▇.▇. ▇▇▇▇▇▇ may add markets to or remove markets from the contractual settlement date accounting service upon notice to the Customer that is reasonable in the circumstances. Additionally, ▇.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons, either for individual Financial Assets, types of Financial Assets, counterparties or markets, or overall. Global Custody Agreement - New York - January 2022

Contractual Settlement Date Accounting. (a) Should Customer request to have J.▇.. ▇▇▇▇▇▇’▇ Contractual Settlement Date Accounting Service, J.▇. ▇▇▇▇▇▇ will effect book entries on a contractual settlement date accounting basis as described below with respect to the settlement of transactions in those markets where ▇.J.▇. ▇▇▇▇▇▇ generally offers contractual settlement date accounting. (i) Sales: On the settlement date for a sale, ▇.J.▇. ▇▇▇▇▇▇ will credit the Cash Account with the proceeds of the sale and transfer the relevant Financial Assets to an account at ▇.J.▇. ▇▇▇▇▇▇ pending settlement of the transaction where if not already delivered. (ii) Purchases: On the settlement date for the purchase (or earlier, if market practice requires delivery of the purchase price before the settlement date), ▇.J.▇. ▇▇▇▇▇▇ will debit the Cash Account for the settlement amount and credit a separate account at ▇.J.▇. ▇▇▇▇▇▇. ▇.J.▇. ▇▇▇▇▇▇, in its sole discretion, may ▇ then will post the Securities Account as while awaiting receipt of the expected Financial Assets. Customer will not be entitled to the delivery of Financial Assets that are awaiting receipt until ▇.J.▇. ▇▇▇▇▇▇ or a Subcustodian actually receives them. Upon request, ▇.J.▇. ▇▇▇▇▇▇ shall provide Customer with a list of those markets for which it provides contractual settlement date accounting. ▇.J.▇. ▇▇▇▇▇▇ may add markets to or remove markets from this list upon reasonable notice to Customer. ▇.J.▇. ▇▇▇▇▇▇ reserves the right to restrict in good faith the availability of contractual settlement date accounting for credit or operational reasons. Global Custody Agreement — JPMCB New York — CTC Platform — April 2010. (b) ▇.J.▇. ▇▇▇▇▇▇ may reverse any debit or credit made pursuant to Section 2.5(a) prior to a transaction’s 's actual settlement settlement, upon notice to Customer Customer, in cases where ▇.J.▇. ▇▇▇▇▇▇ reasonably believes that the transaction will not settle in the ordinary course within a reasonable time. Customer will be responsible for any costs or liabilities for currency overdrafts as identified in section 4.2 resulting from such reversal. Customer acknowledges that the procedures described in Section 2.5 are of an administrative nature, and ▇.J.▇. ▇▇▇▇▇▇ does not undertake to make loans of cash and/or Financial Assets available to Customer.