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.
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Samples: Custody Agreement (Matthews International Funds), Custody Agreement (Emerge ETF Trust), Custody Agreement (Crescent Private Credit Income Corp)
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
Samples: 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.
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