PAYMENTS AND SETTLEMENTS. First National shall credit an Account with income, maturity, and redemption payments on payment date for domestic securities held in book-entry form. First National shall charge for purchased securities on contractual settlement date, and credit proceeds from securities sales on contractual settlement date, regardless of delivery date, for domestic securities held in book-entry form.
Appears in 2 contracts
Sources: Mutual Fund Custody Agreement (Northern Lights Fund Trust Iii), Mutual Fund Custody Agreement (Northern Lights Fund Trust Iii)