Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers. (B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System. (C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing. (D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System. (E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 59 contracts
Sources: Custodian Agreement (W&r Target Funds Inc), Custodian Agreement (Ivy Fund), Custodian Agreement (Waddell & Reed Advisors Value Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 306.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customerscustomers and shall be so designated on the books and records of the Securities System.
(B) The Securities System shall be obligated to comply with the Custodian's directions with respect to the securities held in such Account and shall not be entitled to a lien against the assets in such Account for extensions of credit to the Custodian other than for payment of the purchase price of such assets.
(C) Each Fund hereby designates the Custodian as the party in whose name any securities deposited by the Custodian in the Account are to be registered.
(D) The books and records of the Custodian shall at all times identify those securities belonging to the Fund each Portfolio which are maintained in a Securities System.
(CE) The Custodian shall pay for securities purchased for the account of the Fund a Portfolio only upon (iw) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (iix) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fundsuch Portfolio. The Custodian shall transfer securities sold for the account of the Fund a Portfolio only upon (iiiy) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (ivz) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fundsuch Portfolio. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund a Portfolio shall identify the Fund, such Portfolio and shall be maintained for the Fund such Portfolio by the Custodian. The Custodian shall deliver to the each applicable Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fundeach applicable Portfolio. Such transaction reports shall be delivered to the each applicable Fund or any agent designated by the such Fund pursuant to Proper Instructions, by computer or in such other manner as the such Fund and the Custodian may agree in writing.
(DF) The Custodian shall, if requested by the a Fund pursuant to Proper Instructions, provide the such Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(EG) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund any Portfolio as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund any Portfolio maintained with such Securities System.
Appears in 33 contracts
Sources: Custodian Agreement (Fidelity Devonshire Trust), Custodian Agreement (Fidelity Select Portfolios), Custodian Agreement (Variable Insurance Products Fund Iv)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇30▇, ▇▇ ▇▇▇ 306.115 ▇▇▇.▇15, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-27-▇▇, ▇▇ ▇▇▇ 350.2▇▇▇.▇, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 20 contracts
Sources: Custodian Agreement (Fidelity School Street Trust/), Custodian Agreement (Fidelity Revere Street Trust), Custodian Agreement (Fidelity Revere Street Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 CFR ▇▇. ▇.▇▇▇, ▇▇ (▇▇▇ 306.115 (ii) Subpart ▇ubpart B of Treasury Circular Public Debt Series No. 27-76, 31 CF▇ ▇▇. ▇▇-▇.▇, ▇▇ (▇▇▇ 350.2, or (iii▇) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 10 contracts
Sources: Custodian Agreement (Colchester Street Trust), Custodian Agreement (Fidelity Advisor Series Viii), Custodian Agreement (Colchester Street Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, 31 CFR 306, Subpart B of 31 CFR Part 350, or the book-ent▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies ▇▇▇▇cies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 5 contracts
Sources: Custodian Agreement (Scudder Variable Life Investment Fund/Ma/), Custodian Agreement (Global/International Fund Inc), Custodian Agreement (Aarp Growth Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CRF Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such Agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 3 contracts
Sources: Custodian Agreement (Scudder International Fund Inc), Custodian Agreement (Scudder International Fund Inc), Custodian Agreement (Scudder Global Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 ▇▇▇.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2▇▇▇.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 3 contracts
Sources: Custodian Agreement (Fidelity Union Street Trust Ii), Custodian Agreement (Fidelity Union Street Trust Ii), Custodian Agreement (Fidelity Beacon Street Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 3 contracts
Sources: Custodian Agreement (Kemper International Fund), Custodian Agreement (Investors Fund Series), Custodian Agreement (Scudder Variable Life Investment Fund/Ma/)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time; and
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 3 contracts
Sources: Custodian Agreement (Merrill Lynch Large Cap Series Funds Inc), Custodian Agreement (Mercury Large Cap Series Funds Inc), Custodian Agreement (Master Large Cap Series Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series P▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇es No. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇es substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (Waddell & Reed Invested Portfolios Inc), Custodian Agreement (Waddell & Reed Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ ▇▇ 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.the
Appears in 2 contracts
Sources: Custodian Agreement (Scudder New Europe Fund Inc), Custodian Agreement (Scudder Spain & Portugal Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series Publi▇ ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇o. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies substantially f▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇ubstantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (Waddell & Reed Advisors Value Fund Inc), Custodian Agreement (United Continental Income Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund Portfolios in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 306.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund each Portfolio which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund a Portfolio only upon (iw) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (iix) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fundsuch Portfolio. The Custodian shall transfer securities sold for the account of the Fund a Portfolio only upon (iiiy) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (ivz) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fundsuch Portfolio. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund a Portfolio shall identify the Fundsuch Portfolio, and shall be maintained for the Fund Portfolio by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fundeach Portfolio. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund any Portfolio as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund Portfolios maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (Fidelity Advisor Series I), Custodian Agreement (Fidelity Aberdeen Street Trust)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies substantially fed▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇stantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (United Gold & Government Fund Inc), Custodian Agreement (United Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 306.115 ▇▇▇.▇▇▇, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇27-▇▇76, ▇▇ ▇▇▇ 350.2▇▇▇.▇, or ▇r (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (Fidelity Advisor Series Viii), Custodian Agreement (Fidelity Advisor Series I)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 2 contracts
Sources: Custodian Agreement (Waddell & Reed Advisors Select Funds Inc), Custodian Agreement (Ivy Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the a Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular No. 300, 31 CFR 306, Subpart B ▇▇ ▇▇ ▇▇. ▇ ▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the bookk-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or - 12 - such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to the of a Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the a Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the that Fund. The Custodian shall transfer Transfer securities sold for the account of the a Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the a Fund shall identify the Fund, and shall be maintained for the that Fund by the CustodianCustodian or an Agent as referred to above, and be provided to that Fund at its request. The Custodian shall deliver furnish a Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day; - 13 -
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the a Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsa Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Bailard Biehl & Kaiser International Fund Group Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 306.115 (ii) 31 CFR 306, Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.231 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇lly in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Scudder International Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series D▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies substantially fede▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇tantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit -------------------------------------------- and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Variable Series Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, Publ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ No. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Waddell & Reed Advisors Value Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit -------------------------------------------- and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided a Portfolio in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic a clearing agency registered with the Securities -11- and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) 1934, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities in the use of which book- entry system authorized by the Fund has previously approved by Special Instructions (each U.S. Department of the foregoing being Treasury and certain federal agencies, collectively referred to in this Agreement herein as a "Securities System"). Use of a Securities System shall be " in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain keep securities held hereunder of the Portfolio in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund Portfolio which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Portfolio;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only Portfolio upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.the
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CRF Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities whose use the use of which the Fund Corporation has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such Agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund Corporation with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian and such Agents shall send to the Corporation such reports on their own systems of internal accounting control as the Corporation may reasonably request from time to time; and
(E5) Upon receipt At the written request of Special Instructionsthe Corporation, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 ▇▇. ▇ ▇▇▇.▇▇▇, (▇▇ ▇▇▇ 306.115 (iii) Subpart B of Treasury Circular Public Debt Series No. 27-76, 3▇ ▇▇. ▇ ▇▇-▇.▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. 300, 31 CFR 306, Subpart B of 31 CFR Part 350, or the book-entry ▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies ▇▇▇▇▇s substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Kemper Global International Series)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ ▇▇▇lar Public Debt Series No. 27-76, 31 CFR 350.2, or (iii) the bookboo▇-entry regulations ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ns of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Waddell & Reed Advisors Municipal Money Market Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.above on
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Middle East Africa Fund)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian Custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ ▇▇ 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a 9 Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian 10 or any Subcustodian with respect Agent as referred to a Securities above on the Security System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Mercury Asset Management v I Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided a Portfolio in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic a clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) 1934, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities in the use of which book-entry system authorized by the Fund has previously approved by Special Instructions (each U.S. Department of the foregoing being Treasury and certain federal agencies, collectively referred to in this Agreement herein as a "Securities System"). Use of a Securities System shall be " in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain keep securities held hereunder of the Portfolio in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund Portfolio which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Portfolio;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only Portfolio upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.the
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series Pu▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇▇s No. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies o▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇s substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (United Tax Managed Equity Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇N▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 306.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇N▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 CFR ▇▇. ▇.▇▇▇, ▇▇ (▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series No. 27-76, 31 C▇▇ ▇▇. ▇▇-▇.▇, ▇▇ (▇▇▇ 350.2, or (iii▇) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ ▇▇ 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities 19 Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any 20 report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Korea Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. Fund The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by Custodian or an Agent as referred to above, and be provided to the CustodianFund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time;
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Mercury Target Select Equity Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities and Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Global Financial Services Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the each Fund in: in (ai) The Depository Trust Company; , (bii) the Participants Trust Company; , (ciii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (div) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the each Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of each Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to the of each Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to each Fund;
(C3) The Custodian shall pay for securities purchased for the account of the each Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the each Fund. The Custodian shall transfer securities sold for the account of the each Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the each Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the each Fund shall identify the each Fund, and shall be maintained for the each Fund by the CustodianCustodian or an Agent as referred to above, and be provided to each Fund at its request. The Custodian shall deliver furnish each Fund confirmation of each transfer to or from the account of each Fund on in the next succeeding business day form of a written advice or notice and shall furnish to each Fund copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of each Fund on the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the each Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to each Fund such reports on their own systems of internal accounting control as each Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionseach Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the each Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Warburg Pincus Municipal Bond Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies substantially fe▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇bstantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("“SEC"”) under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "“Securities System"”). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("“Account"”) of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's ’s transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's ’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Ivy Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, 31 CFR 306, Subpart B of ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book▇▇ ▇▇▇ ▇▇▇▇-entry ▇ntry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time;
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Developing Capital Markets Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the a Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular No. 300, 31 CFR 306, Subpart B ▇▇ ▇▇ ▇▇. ▇ ▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the bookk-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any - 12 - assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to the of a Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to a Fund;
(C3) The Custodian Custodian-shall pay for securities purchased for the account of the a Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the that Fund. The Custodian shall transfer securities sold for the account of the a Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the a Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the a Fund shall identify the Fund, and shall be maintained for the that Fund by the CustodianCustodian or an Agent as referred to above, and be provided to that Fund at its request. The Custodian shall deliver furnish the Trust confirmation of each transfer to or from the account of a Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day Trust copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of a Fund on the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day; - 13 -
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the a Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to such Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Trust, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund Trust as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Bailard Biehl & Kaiser Fund Group Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CRF Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A l7A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such Agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time; and
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Participants' Trust Company; (c) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 ▇▇▇.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2▇▇▇.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(Eii) Upon receipt of Special Instructions, the Custodian shall terminate the use of any The Securities System (except shall be obligated to comply with the federal book-entry system) on behalf of Custodian's directions with respect to the Fund as promptly as practicable securities held in such Account and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.not be
Appears in 1 contract
Sources: Custodian Agreement (Pilot Funds)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ ▇▇ 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities and Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Global Financial Services Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series D▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal agencies substantially fede▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇tantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CRF Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the custodian (provided that any such Agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only fund upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably requesst from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Japan Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Latin America Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, 31 CFR 306.115, (ii) Subpar▇ ▇ ▇▇ ▇▇▇▇▇▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇27-▇▇76, ▇▇ ▇▇▇ 31 CFR 350.2, or (iii) the bookth▇ ▇▇▇▇-entry regulations ▇▇▇▇▇ ▇▇▇▇lations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry 7 8 system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ ▇▇ 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O. or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver to furnish the Fund on the next succeeding business day daily transaction reports which shall include confirmation of each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered transfer to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.from
Appears in 1 contract
Sources: Custodian Agreement (Mercury Asset Management Funds Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 CFR 306, Subpart B of 31 CFR Part 350, or the book-en▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies ▇▇▇ncies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Scudder Commodities Stock Fund, Inc.)
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) is Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) ▇▇▇. Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.231 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 1934, as amended (or as may otherwise be authorized by the Securities and "Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companiesAct") which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board Hoard and SEC rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940, as amended (the "Investment Company Act") and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book- entry those securities belonging to the Fund:
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above in the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇▇▇▇▇▇ ▇ ▇▇ ▇▇ ▇▇▇ 350.2R Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Consults International Portfolio)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities within the United States owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇30▇, ▇▇ ▇▇▇ 306.115 ▇▇▇.▇15, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-27-▇▇, ▇▇ ▇▇▇ 350.2▇▇▇.▇, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Variable Insurance Products Fund Ii)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇, ▇▇ ▇▇▇ 306.115 ▇▇▇.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇No. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2▇▇▇.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customerscustomers and shall be so designated on the books and records of the Securities System.
(B) The Securities System shall be obligated to comply with the Custodian's directions with respect to the securities held in such Account and shall not be entitled to a lien against the assets in such Account for extensions of credit to the Custodian other than for payment of the purchase price of such assets.
(C) The Fund hereby designates the Custodian as the party in whose name any securities deposited by the Custodian in the account are to be registered.
(D) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(CE) The Custodian shall pay for securities purchased for the account of the Fund only upon (iw) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (iix) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiiy) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (ivz) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, Fund and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(DF) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(EG) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the any Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Fidelity Advisor Korea Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the a Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular No. 300, 31 CFR 306, Subpart B ▇▇ ▇▇ ▇▇. ▇ ▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the bookk-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to the of a Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to a Fund;
(C3) The Custodian Custodian-shall pay for securities purchased for the account of the a Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the that Fund. The Custodian shall transfer securities sold for the account of the a Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the a Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the a Fund shall identify the Fund, and shall be maintained for the that Fund by the CustodianCustodian or an Agent as referred to above, and be provided to that Fund at its request. The Custodian shall deliver furnish the Trust confirmation of each transfer to or from the account of a Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day Trust copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of a Fund on the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the a Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to such Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Trust, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund Trust as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Bailard Biehl & Kaiser Fund Group Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series o▇ ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ ▇▇ular Public Debt Series No. 27-76, 31 CFR 350.2, or (iii) the bookbo▇▇-entry regulations ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ons of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Waddell & Reed Advisors Municipal Money Market Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund a Portfolio in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 306.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the each applicable Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The customers and shall be so designated on the books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may -------------------------------------------- deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Global Financial Services Master Trust)
Deposit of Fund Assets in Securities Systems. The -------------------------------------------- Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart 0, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Merrill Lynch Global Allocation Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the a Fund in: in (ai) The Depository Trust Company; , (bii) the Participants Trust Company; , (ciii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (div) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "“Securities System"”). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("“Account"”) of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to the of each Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the a Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the a Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the a Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish to each Fund confirmation of each transfer to or from the account of the Fund on in the next succeeding business day form of a-written advice or notice and shall furnish to each Fund copies of daily transaction reports which shall include sheets reflecting each day's ’s transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the each Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's ’s accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to each Fund such reports on their own systems of internal Accounting control as any Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsa Fund, the Custodian shall will terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (bii) the Participants Trust Company; , (ciii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (div) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. 300, 31 CFR 306, Subpart B of 31 CFR Part 350, or the book-entry reg▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇▇▇ 350.2▇ubstantially in the form of Subpart O, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer Transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Mercury Internet Strategies Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 CFR 306, Subpart B o▇ ▇▇ ▇▇. ▇ ▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry -entry regulations of federal agencies agenci s substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.and
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Th Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series Trea▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇▇▇ ▇ublic Debt Series No. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of ent▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Sources: Custodian Agreement (Waddell & Reed Advisors Global Bond Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (bii) the Participants Trust Company; , (ciii) any book-entry system as provided in (i) Subpart O of Treasury Circular No. 300, 31 CFR 306, Subpart B of ▇▇ ▇▇. ▇ ▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry -entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (div) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A: 1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B; 2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of those securities belonging to the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.Fund;
Appears in 1 contract
Sources: Custodian Agreement (Ivy Fund)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇No. ▇▇▇300, ▇▇ ▇▇▇ 31 CFR 306.115 (ii) Subpart B of Treasury Circular Public Debt Series Cir▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ ▇▇bt Series No. 27-76, 31 CFR 350.2, or (iii) the book-entry regulations of federal regul▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
: (A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund Portfolios in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 306.115, (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the use of which the Fund has previously approved by Special Instructions (as hereinafter defined) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund each Portfolio which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund a Portfolio only upon (iw) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.and
Appears in 1 contract
Sources: Custodian Agreement (North Carolina Capital Management Trust)
Deposit of Fund Assets in Securities Systems. The Custodian Notwithstanding any other provision of this Agreement, State Street may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇Depository Trust Company, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic a clearing agency registered with the Securities and Exchange Commission ("SECCommission") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and "Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) Act"), which acts as a securities depository; provided, however, (ii) any other clearing agency registered under Section 17A of the Exchange Act that no has been authorized by the Fund's Board of Trustees; (iii) the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies; or (iv) any other book entry system which the Commission has authorized for use by investment companies as a securities depository by order or interpretive or no-action letter that has been authorized by the Fund's Board of Trustees (all such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being systems, collectively referred to in this Agreement herein as a "Securities SystemSystem(s)"). Use of a Securities System shall be ) in accordance with applicable Federal Reserve Board and SEC Commission rules and regulations, if any, and subject to the following provisions:
(A▇) The Custodian or any Subcustodian ▇▇▇▇▇ ▇▇▇▇▇▇ may deposit and/or maintain keep securities held hereunder of the Fund in a Securities System, System provided that such securities are represented deposited in an account ("Account") of the Custodian State Street in the Securities System which Account that shall not contain include any assets of the Custodian State Street other than assets held as a fiduciary, custodian or otherwise for customers.;
(B2) The books and records of State Street with respect to securities of the Custodian Fund that are maintained in a Securities System shall at all times identify by book entry those securities belonging to the Fund which are maintained in a Securities System.Fund;
(C▇) The Custodian ▇▇▇▇▇ ▇▇▇▇▇▇ shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodianaccount, and (ii) the making of an entry on the records of the Custodian State Street to reflect such payment and transfer for the account of the Fund. The Custodian State Street shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodianaccount, and (ivii) the making of an entry on the records of the Custodian State Street to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver and be provided to the Fund on at its request. State Street shall furnish the next succeeding business day Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports Fund on the next business day;
▇) ▇▇▇▇▇ ▇▇▇▇▇▇ shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, promptly provide the Fund with all reports any report obtained by State Street on the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.. State Street shall promptly provide the Fund with any report on State Street's accounting system, internal accounting control and procedures for safeguarding securities deposited with State Street that is reasonably requested by the Fund; and
(E5) Upon receipt of Special InstructionsAnything to the contrary in this Agreement notwithstanding, State Street shall be liable to the Custodian shall terminate Fund for any claim, loss, liability, damage or expense to the Fund, including attorney's fees, resulting from use of any a Securities System (except by reason of any negligence, misfeasance or misconduct of State Street, its agents or any of its or their employees or from failure of State Street or any such agent to enforce effectively such rights as it may have against a Securities System. At the federal book-entry system) on behalf election of the Fund Fund, it shall be entitled to be subrogated to the rights of State Street or its agents with respect to any claim against the Securities System or any other person that State Street or its agents may have as promptly as practicable a consequence of any such claim, loss, liability, damage or expense if and shall take all actions reasonably practicable to safeguard the securities of extent that the Fund maintained with has not been made whole for any such Securities Systemloss or damage.
Appears in 1 contract
Sources: Custodian, Fund Accounting and Recordkeeping Agreement (Keystone Developing Markets Growth Fund)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: in (ai) The Depository Trust Company; , (b) the Participants Trust Company; (cii) any book-entry system as provided in (i) Subpart O 0 of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CRF Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (diii) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions in writing (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC Securities and Exchange Commission rules and regulations, if any, and subject to the following provisions:
(A1) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder Fund securities, either directly or through one or more Agents appointed by the Custodian (provided that any such Agent shall be qualified to act as a custodian of the Fund pursuant to the Investment Company Act of 1940 and the rules and regulations thereunder), in a Securities System, System provided that such securities are represented in an account ("Account") of the Custodian or such Agent in the Securities System which Account shall not contain include any assets of the Custodian or Agent other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(B2) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.System shall identify by book-entry those securities belonging to the Fund;
(C3) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the CustodianAccount, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iiii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the CustodianAccount, and (ivii) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian or an Agent as referred to above, and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(D4) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect Agent as referred to a above on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System; and the Custodian and such Agents shall send to the Fund such reports on their own systems of internal accounting control as the Fund may reasonably request from time to time.
(E5) Upon receipt At the written request of Special Instructionsthe Fund, the Custodian shall will terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities Systempracticable.
Appears in 1 contract
Sources: Custodian Agreement (Scudder International Fund Inc)
Deposit of Fund Assets in Securities Systems. The Custodian may deposit and/or maintain domestic securities owned by the Fund in: (a) The Depository Trust Company; (b) the Participants Trust Company; (c) any book-entry system as provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇ 350.2, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; or (d) any other domestic clearing agency registered with the Securities and Exchange Commission ("SEC") under Section 17A of the Securities Exchange Act of 1934 (or as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies and entities the use of which the Fund has previously approved by Special Instructions (each of the foregoing being referred to in this Agreement as a "Securities System"). Use of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(A) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain any assets of the Custodian other than assets held as fiduciary, custodian or otherwise for customers.
(B) The books and records of the Custodian shall at all times identify those securities belonging to the Fund which are maintained in a Securities System.
(C) The Custodian shall pay for securities purchased for the account of the Fund only upon (i) receipt of advice from the Securities System that such securities have been transferred to the Account of the Custodian, and (ii) the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii) receipt of advice from the Securities System that payment for such securities has been transferred to the Account of the Custodian, and (iv) the making of an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the Custodian. The Custodian shall deliver to the Fund on the next succeeding business day daily transaction reports which shall include each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.
(D) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, provide the Fund with all reports obtained by the Custodian or any Subcustodian with respect to a Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.
(E) Upon receipt of Special Instructions, the Custodian shall terminate the use of any Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund maintained with such Securities System.the
Appears in 1 contract
Deposit of Fund Assets in Securities Systems. The Custodian -------------------------------------------- may deposit and/or maintain domestic securities owned by the Fund in: in (a) The Depository - Trust Company; , (b) the Participants Trust Company; , (c) any book-entry system as - - provided in (i) Subpart O of Treasury Circular ▇▇. ▇▇▇, ▇▇ ▇▇▇ 306.115 (ii) Subpart B of Treasury Circular Public Debt Series ▇▇. ▇▇-▇▇, ▇▇ ▇▇▇▇▇▇ 350.2▇ of 31 CFR Part 350, or (iii) the book-entry regulations of federal agencies substantially in the form of 31 CFR 306.115; Subpart O, or (d) any other domestic clearing agency registered with - the Securities and Exchange Commission (the "SEC") under Section 17A of the Securities Exchange Act of 1934 (or 1934, as may otherwise be authorized by the Securities and Exchange Commission to serve in the capacity of depository or clearing agent for the securities or other assets of investment companies) amended, which acts as a securities depository; provided, however, that no such deposit or maintenance of securities may be made except with respect to those agencies depository and entities the whose use of which the Fund has previously approved by Special Instructions (as that term is defined in section 3.1(b)) (each of the foregoing being referred to in this Agreement as a "Securities System"). Use Utilization of a Securities System shall be in accordance with applicable Federal Reserve Board and SEC rules and regulations, if any, and subject to the following provisions:
(Ai) The Custodian or any Subcustodian may deposit and/or maintain securities held hereunder in a Securities System, provided that such securities are -------- represented in an account ("Account") of the Custodian in the Securities System which Account shall not contain include any assets of the Custodian other than assets held as a fiduciary, custodian custodian, or otherwise for customers.;
(Bii) The books and records of the Custodian shall at all times identify those with respect to securities belonging to of the Fund which are maintained in a Securities System.securities System shall identify by book entry those securities belonging to the Fund;
(Ciii) The Custodian shall pay for securities purchased for the account of the Fund only upon (iA) receipt of advice from the Securities - System that such securities have been transferred to the Account of the CustodianAccount, and (iiB) - the making of an entry on the records of the Custodian to reflect such payment and transfer for the account of the Fund. The Custodian shall transfer securities sold for the account of the Fund only upon (iii1) receipt of advice from the Securities System that payment for - such securities has been transferred to the Account of the CustodianAccount, and (iv2) the making of - an entry on the records of the Custodian to reflect such transfer and payment for the account of the Fund. Copies of all advices from the Securities System relating to of transfers of securities for the account of the Fund shall identify the Fund, and shall be maintained for the Fund by the CustodianCustodian and be provided to the Fund at its request. The Custodian shall deliver furnish the Fund confirmation of each transfer to or from the account of the Fund in the form of a written advice or notice and shall furnish to the Fund on the next succeeding business day copies of daily transaction reports which shall include sheets reflecting each day's transactions in the Securities System for the account of the Fund. Such transaction reports shall be delivered to Fund on the Fund or any agent designated by the Fund pursuant to Proper Instructions, by computer or in such other manner as the Fund and Custodian may agree in writing.next business day;
(Div) The Custodian shall, if requested by the Fund pursuant to Proper Instructions, shall provide the Fund with all reports any report obtained by the Custodian or any Subcustodian with respect to a on the Securities System's accounting system, internal accounting control and procedures for safeguarding securities deposited in the Securities System.; and the Custodian shall send to the Fund such reports on its own systems of internal accounting control as the Fund may reasonably request from time to time; and
(Ev) Upon receipt of Special Instructions, the Custodian shall terminate the use of any such Securities System (except the federal book-entry system) on behalf of the Fund as promptly as practicable and shall take all actions reasonably practicable to safeguard the securities of the Fund that had been maintained with such Securities System.
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