SAFEKEEPING AND CUSTODY Sample Clauses
SAFEKEEPING AND CUSTODY. As provided by the Participation Agreement and the Investment Advisor Agreement, all security transactions including collateral for repurchase agreements and financial institution deposits entered into on behalf of Participants may be on a cash or delivery versus payment basis as determined by the Investment Advisor. Pursuant to the Participation Agreement and the Investment Advisor Agreement, the Investment Advisor has appointed a Custodian to receive, hold for reinvestment, and clear all Investment Funds and Investment Property, as a fiduciary, in accordance with the Participation Agreement.
SAFEKEEPING AND CUSTODY. To protect against potential losses due to failure of individual securities dealers, and to enhance access to securities, interest payments and maturity proceeds, all cash and securities in the District’s portfolio shall be held in safekeeping in the District’s name by a third party custodian, acting as agent for the District under the terms of a custody agreement executed by the bank and the District. All investment transactions will require a safekeeping receipt or acknowledgment generated from the trade. A monthly report will be received by the District from the custodian listing all securities held in safekeeping with current market data and other information.
SAFEKEEPING AND CUSTODY. Investment securities are to be purchased when possible in book-entry form in the City's name. All security transactions entered into by the City shall be conducted on a delivery-versus-payment (DVP) basis. All cash and securities in the City's portfolio shall be held in safekeeping in the City's name by a third party bank trust department, acting as agent for the City under the terms of a custody agreement executed by the bank and the City. All investment transactions will require a safekeeping receipt or acknowledgment generated from the trade. A monthly report will be received by the City from the safekeeping institution listing all securities held in safekeeping with current market data and other information. The only exception to the foregoing shall be depository accounts and securities purchases made with: (i) local government investment pools; (ii) time certificates of deposit, and, (iii) money mutual funds, since the purchased securities are not deliverable. Term and non-negotiable instruments, such as certificates of deposit, can be held by the Treasurer, or in safekeeping as the Treasurer deems appropriate.
SAFEKEEPING AND CUSTODY a. Safekeeping of investments shall be provided by a Custodian bank selected by the District. The custodial agent’s records shall assure the notation of the District’s ownership of or explicit claim on the securities.
b. All time deposits of District funds shall be secured by pledged collateral with a market value equal to no less than 102 percent (102%) of the deposits, less any amount insured by the FDIC or FSLIC. Evidence of the pledged collateral shall be maintained by a third party safekeeping bank.
c. Acceptable collateral shall be limited to the securities defined in Nevada state law (NRS 356.020) and shall be subject to inspection by the School District’s independent auditor or the Chief Internal Auditor.
d. Collateral shall be held in the name of the District or held on behalf of the District and the custodial agent’s records shall assure the notation of the District’s ownership of or explicit claim on the securities.
SAFEKEEPING AND CUSTODY. All security transactions, including collateral for repurchase agreements, entered into by King County shall be conducted on a delivery vs. payment (DVP) basis. Securities will be held by a third party custodian designated by King County and evidenced by safekeeping receipts. Certificates of Deposit (CDs) are exempt from the DVP policy.
SAFEKEEPING AND CUSTODY