Common use of CUSTODY AND BANKING ARRANGEMENTS Clause in Contracts

CUSTODY AND BANKING ARRANGEMENTS. (a) The Customer hereby authorises the Bank to open, maintain and operate any cash and/or Securities Account for and on behalf of the Customer for the purposes of and in connection with the Discretionary Management Services provided hereunder, where cash Accounts are held by the Bank as banker, and where Securities are held by the Bank as custodian, under Part IV of the General Terms. The Bank’s obligations pertaining to attendance of meetings and voting are as set out in Part IV of the General Terms. All dealings with the Portfolio Assets shall where applicable, be undertaken in accordance with Part II of the General Terms.

CUSTODY AND BANKING ARRANGEMENTS. (a) The Customer hereby authorises the Bank to open, maintain and operate any cash and/or Securities custody Account for and on behalf of the Customer for the purposes of and in connection with the Discretionary Management Services provided hereunder, where cash Accounts are held by the Bank as banker, and where Securities Specified Products are held by the Bank as custodian, under Part IV of the General Terms. The Bank’s obligations pertaining to attendance of meetings and voting are as set out in Part IV of the General Terms. All dealings with the Portfolio Assets shall where applicable, be undertaken in accordance with Part II of the General Terms.