Custody Account Transactions. (a) Financial Assets shall be transferred, exchanged or delivered by Bank or its Subcustodian upon receipt by Bank of Instructions which include all information reasonably required by Bank. Settlement and payment for Financial Assets received for, and delivery of Financial Assets out of, the Custody Account shall be made in accordance with Local Practice. In connection with the foregoing, where Bank believes in good faith that use of a reasonably available alternative practice to Local Practice would be more protective of Financial Assets than Local Practice, Bank shall advise Customer of such practice and Customer may authorize its use solely in such instance or consent that such practice shall thereafter be deemed to be Local Practice.
Appears in 59 contracts
Samples: Global Custody Agreement (Capital Group Conservative Equity ETF), Global Custody Agreement (Capital Group Dividend Growers ETF), Global Custody Agreement (Capital Group Global Growth Equity ETF)
Custody Account Transactions. (a) Financial Assets shall be transferred, exchanged or delivered by Bank or its Subcustodian upon receipt by Bank of Instructions which include all information reasonably required by Bank. Settlement and payment for Financial Assets received for, and delivery of Financial Assets out of, the Custody Account shall be made in accordance with Local Practice. In connection with the foregoing, where Bank believes in good faith that use of a reasonably available alternative practice to Local Practice would be more protective of Financial Assets than Local Practice, Bank shall advise Customer of such practice and if Customer may authorize authorizes its use solely in such instance or consent that such practice shall thereafter then be deemed to be Local Practice.
Appears in 3 contracts
Samples: Global Custody Agreement (Short-Term Bond Fund of America), Global Custody Agreement (Capital Income Builder Inc), Global Custody Agreement (American Fund Insurance Series)
