Custody Risks definition

Custody Risks shall include but is not limited to information relating to an Eligible Foreign Custodian's expertise and market reputation, the quality of its services, its financial strength (e.g., level of settlement guarantee funds, collateral requirements, lines of credit or insurance as compared with participants' daily settlement obligations), any insurance or indemnification arrangements, the extent and quality of regulation and independent examination of the Eligible Foreign Custodian, its standing in published ratings, its internal controls, and other procedures for safeguarding investments, and any related legal proceedings, unless such information is not otherwise available to Fifth Third under ordinary and reasonable circumstances. In the event that such information is not readily available, Fifth Third will so note in its analysis.
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Examples of Custody Risks in a sentence

  • Custodian shall monitor continually the Custody Risks associated with maintaining Foreign Assets with Eligible Securities Depositories, and Custodian must promptly notify Fund (or its duly authorized investment manager or adviser) of any material change in such custody risks.

  • However, for purposes of clause (d) of the preceding Section 1 of this Article, Fifth Third's determination of appropriateness shall include, but is not limited to, any evaluation of Custody Risks.

  • The Trust hereby acknowledges that the Trust or its investment adviser or subadviser as appropriate shall weigh the overall risks, including the Country Risks and the Custody Risks as presented by Fifth Third associated with investments in each Specified Country listed on Schedule 1 and will have considered such risks prior to any settlement instructions being given to Fifth Third with respect to any other Specified Country.