Trade Settlement Sample Clauses

Trade Settlement. The Fund acknowledges that transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs and assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice. The Custodian agrees that where consistent with local market practice (a) if instructed to deliver Securities against receipt of payment, delivery of such Securities and receipt of payment therefor must be completed simultaneously and that (b) if instructed to deliver payment against receipt of securities, delivery of such payment and receipt of securities therefor must be completed simultaneously. If unable to do so, the Custodian will notify the Fund as soon as practicable after receipt of Authorized Instructions.
Trade Settlement. 9 SECTION 5DEPOSITS AND ADVANCES.......................................................................... 9 5.1 Deposits.......................................................................................................................... 9
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Fund understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Fund assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice. The Custodian shall have no responsibility for non-receipt of payment or late payment, or non-delivery of Securities or late delivery of Securities, except to the extent Custodian is negligent, acting in bad faith, or engaging in willful misconduct or fraud, or does not follow current market practice.
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Security Provider and the Secured Party understand that when the Custodian is instructed to deliver Eligible Collateral against payment, delivery of such Eligible Collateral and receipt of payment related to such Eligible Collateral may not be completed simultaneously, and in particular, that when the Custodian receives an Instruction to deliver Eligible Collateral against payment or in exchange for Cash (for example in connection with the settlement of a Eligible Collateral transaction or a redemption, exchange, tender offer or similar corporate action) such payment or exchange of Cash may not occur simultaneously with the delivery of Eligible Collateral and therefore the Custodian may deliver such Eligible Collateral before actually receiving final payment for such delivery of Eligible Collateral. Consequently, as a matter of bookkeeping convenience, the Custodian may credit the Cash Accounts with Cash equal to the amount the Custodian anticipates will be received by it or a Depository prior to actual receipt by the Custodian or Depository of the Cash by way of final payment for such delivery of Eligible Collateral. The Security Provider assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Eligible Collateral pursuant to Authorised Instructions in accordance with local market practice.
Trade Settlement. In performing its settlement obligations hereunder, Vanguard may settle all Fund/SERV purchases through Participant #5972 in accordance with the procedures and timeframes established under the rules of the NSCC. In performing its settlement obligations hereunder, the Fund may settle all Fund/SERV redemptions through Participant # 3601 in accordance with the procedures and timeframes established under the rules of the NSCC. Nothing herein shall prevent a Fund from delaying or suspending the right of redemption in accordance with the provisions of the Investment Company Act of 1940, as amended, and the rules thereunder.
Trade Settlement. 11 SECTION 5 -- DEPOSITS AND ADVANCES ...................................... 11 5.1 Deposits ......................................................... 11 5.2 Sweep and Float .................................................. 11 5.3
Trade Settlement. (1) At the commencement of each Session and during each Session, Custodian shall allow PEATS real-time access to the balances of cash and Digital Assets held in the Custodial Accounts of each Custodian PEATS Customer.
Trade Settlement. Each transaction resulting from the execution of the Customer's orders through the System shall be settled immediately following confirmation of the transaction. The Customer agrees to have sufficient funds available in the Customer's Account to settle all purchase transactions by immediate payment for the securities purchased. The Customer agrees to have sufficient securities available in the Customer's Account to settle all sale transactions by immediate delivery of the securities sold. Settlement will be effected by the Clearing Broker through delivery of securities against payment of the purchase price. Deliveries and payments will be effected through accounting entries made in the Clearing Broker's records of the Customer's Account and the account of the other Trading Participant who is the counterparty to the transaction. The Customer acknowledges and agrees that any failure by it to deliver securities in good, legal form or to make timely payment in settlement of transactions executed through the System may result in termination by the Sponsor of this Agreement and losses for which the Customer shall be liable. The Customer shall receive prompt notice by electronic delivery through the System of any nature in the settlement of a transaction resulting from the execution by the System of an order of the Customer. If the Sponsor is unable to settle a purchase or sale transaction of the Customer by reason of the Customer's failure to make payment or deliver securities in good form, the Customer authorizes the Sponsor to take steps necessary to complete or cancel the transaction to minimize any loss, and the Customer agrees to reimburse the Sponsor for any and all costs, losses or liabilities incurred by the Sponsor, including attorneys fees.