Custodial Bank means the bank that will receive and retain the Shares of the Company on behalf of the parties, until payment is received and the purchase is complete in accordance with Schedule A. In this case, the Custodial Bank is Xxxxx Brothers Xxxxxxxx, (BBH), New York City, New York. The account holder is Banca MB as the intermediary fund receiving bank.
Custodial Bank means a bank holding on deposit collateral which is security for state bank accounts.
Custodial Bank means a financial institution with the general
Examples of Custodial Bank in a sentence
The Cash Account will be titled in the name of the Custodial Bank for the benefit of customers using the Service, or a similar title to enable the funds in the account to be eligible for pass-through FDIC deposit insurance coverage.
More Definitions of Custodial Bank
Custodial Bank the bank or trust company selected by Seller to hold the Securities for the benefit of Buyer;
Custodial Bank means [REDACTED].
Custodial Bank means a federal reserve bank or branch thereof or any bank designated by the board as described in this rule.
Custodial Bank. “we,” “us” or “our” mean the applicable Custodial Bank. You can find the name of the Custodial Bank for your CD(s) or MMDA(s) (each as defined in Section 1(b) below) here.
Custodial Bank. This is the depository institution that acts as your custodian for the sole purpose of holding your deposits at the Product Banks. It establishes an omnibus custodial deposit account at each Product Bank that holds only the funds of Service customers. There may be more than one Custodial Bank.
Custodial Bank means a ‘bank’ as defined in the Banking Xxx 0000; “Effective Date” means the date on which the Client opens an account with ML and transfer funds to that account; “Investments” means assets bought and sold or which may prospectively be bought and sold by or on behalf of the Client Objective;
Custodial Bank means Designated Financial Institutions as determined by Layer2, at which the Custodial Accounts will be held.