Settlement Practices. Securities transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. Customer understands that when BNY Mellon is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment related to such Securities may not be completed simultaneously and can also be made without payment. Customer assumes full responsibility for all risks involved in connection with BNY Mellon’s delivery of Securities or Cash in accordance with such practices.
Appears in 24 contracts
Sources: Custody Agreement (CION Grosvenor Infrastructure Master Fund, LLC), Custody Agreement (CION Grosvenor Infrastructure Fund), Custody Agreement (2023 ETF Series Trust)
Settlement Practices. Securities transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. Customer understands that when BNY Mellon is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment related to such Securities may not be completed simultaneously and can also be made without payment. Customer assumes full responsibility for all risks involved in connection with BNY MellonBNY’s delivery of Securities or Cash in accordance with such practices.
Appears in 11 contracts
Sources: Custody Agreement (Legg Mason ETF Investment Trust), Custody Agreement (Fundrise Growth Tech Fund, LLC), Custody Agreement (Fundrise Real Estate Interval Fund II, LLC)
Settlement Practices. Securities transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. BNY Mellon will provide or make available to Customer market information and market profiles about the customary settlement practices in available jurisdictions and markets. Customer understands that when BNY Mellon is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment related to such Securities may not be completed simultaneously and can also be made without payment. Customer assumes full responsibility for all risks involved in connection with BNY Mellon’s delivery of Securities or Cash in accordance with such practices.
Appears in 2 contracts
Sources: Custody Agreement (WisdomTree Trust), Custody Agreement (WisdomTree Digital Trust)
Settlement Practices. Securities transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. Customer understands that when BNY Mellon is instructed to deliver Securities or Possessed Securities against payment, delivery of such Securities or Possessed Securities and receipt of payment related to such Securities or Possessed Securities may not be completed simultaneously and can also be made without payment. Customer assumes full responsibility for all risks involved in connection with BNY Mellon’s delivery of Securities, Possessed Securities or Cash in accordance with such practices.
Appears in 2 contracts
Sources: Custody Agreement (KKR Private Equity Conglomerate LLC), Custody Agreement (KKR Infrastructure Conglomerate LLC)
Settlement Practices. Securities transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. Customer understands that when BNY Mellon is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment related to such Securities may not be completed simultaneously and can also be made without payment. Customer assumes full responsibility for all risks involved in Table of Contents connection with BNY Mellon’s delivery of Securities or Cash in accordance with such practices.
Appears in 1 contract