Custody of Financial Instruments Sample Clauses

The "Custody of Financial Instruments" clause defines the responsibilities and procedures for holding and safeguarding financial assets on behalf of a client. Typically, this clause outlines who acts as the custodian, the standards of care required, and the processes for handling, transferring, or reporting on the instruments, such as stocks, bonds, or certificates. Its core function is to ensure the security and proper management of financial assets, thereby protecting clients from loss, misappropriation, or mishandling of their investments.
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Custody of Financial Instruments. The Client’s financial instruments are held in custody in a nominee account of the Royal Bank of Canada in Luxembourg. The Company is the holder of the nominee account. Notwithstanding what is mentioned above, the Company has the right to hold the Client’s financial instruments in custody also in another Finnish or foreign credit facility or investment services company of its choosing or in some other reliable manner. The Company shall keep a Client-specific securities account for the Client’s hold- ings. The account is maintained in a reliable manner and ensuring that the exact date of each entry indicating a right made into the account can be reliably ascertained.
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Custody of Financial Instruments. You instruct us to hold Custody Securities bought on your behalf until we receive further instructions from you. We will act as custodians and hold the Custody Securities on your behalf.
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Custody of Financial Instruments. Recourse to third parties
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Custody of Financial Instruments. If the Manager requests so, a Legal Owner will make custody arrangements about Custody Assets with a third party (as set forth in 21(11) AIFMD), who will be the custodian of those Custody Assets as specified in the SLA (a “Custodian”).
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Related to Custody of Financial Instruments

  • Financial Instruments Not applicable

  • Location of Financial Institution Regardless of any provision in any other agreement, for purposes of the UCC, New York will be the location of the bank for purposes of Sections 9-301, 9-304 and 9-305 of the UCC and the securities intermediary for purposes of Sections 9-301 and 9-305 and Section 8-110 of the UCC.

  • Reliance by Financial Institution The Financial Institution is not obligated to investigate or inquire whether the Secured Party may deliver a Secured Party Order. The Financial Institution may rely on communications (including Secured Party Orders) believed by it in good faith to be genuine and given by the proper party.

  • Risk Management Instruments Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, all derivative instruments, including, swaps, caps, floors and option agreements, whether entered into for the Company’s own account, or for the account of one or more of the Company Subsidiaries or its or their customers, were entered into (i) only in the ordinary course of business, (ii) in accordance with prudent practices and in all material respects with all applicable laws, rules, regulations and regulatory policies and (iii) with counterparties believed to be financially responsible at the time; and each of such instruments constitutes the valid and legally binding obligation of the Company or one of the Company Subsidiaries, enforceable in accordance with its terms, except as may be limited by the Bankruptcy Exceptions. Neither the Company or the Company Subsidiaries, nor, to the knowledge of the Company, any other party thereto, is in breach of any of its obligations under any such agreement or arrangement other than such breaches that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • EEA Financial Institutions No Loan Party is an EEA Financial Institution.