Custodian bank definition

Custodian bank means as defined in section 515.35.

Custodian bank means a federal or state bank or trust company regulated under the Iowa banking laws or the federal reserve system, which maintains an account in its name in a clearing corporation and acts as custodian of securities owned by a domestic insurer.

Custodian bank means the Custodian Bank of the Fund. If the Fund or the Management Company specifies another person, company or institution as the Custodian Bank of the Fund, each and every reference to the Custodian Bank in these Terms and Conditions shall be deemed, depending on the context, to refer to the new Custodian Bank.

Examples of Custodian bank in a sentence

• The assets of the Fund are held in safekeeping by its Custodian Bank, CACEIS Investor Services Bank S.A. (the “Custodian”).

• The Custodian Bank may transfer the safekeeping of the fund assets to third-party custodians and central securities depositories in Switzerland or abroad, provided that this is in the interests of proper safekeeping.

• If the counterparty is not the Custodian Bank, the former or its guarantor must have a high credit rating.

• The Custodian Bank is liable for damage or loss caused by its agents unless it is able to prove that it exercised the due diligence required in the circumstances in respect of selection, instruction, and monitoring.

• Furthermore, they are obliged to inform the Custodian Bank, the Fund Management Company and their agents immediately they cease to meet these conditions.

More Definitions of Custodian bank

Custodian bank means a bank or trust company that is supervised and examined by state or federal authority having supervision over banks and is acting as custodian for a clearing corporation.

Custodian bank means a financial institution with the general

Custodian bank means commercial bank as approved by BAPEPAM-LK to operate a business as Custodian.

Custodian bank means, in relation to a Fund, a person, company or institution acting as custodian of the Fund's assets according to the Fund Documents.

Custodian bank means a bank or trust company or a branch of a bank or trust company that is acting as custodian and is supervised and examined by state or federal authority having supervision over the bank or trust company or with respect to a company's foreign investments only by the regulatory authority having supervision over banks or trust companies in the jurisdiction in which the bank, trust company, or branch is located, and any banking institutions qualifying as an "Eligible Foreign Custodian" under the Code of Federal Regulations, section 270.17f-5, adopted under section 17(f) of the Investment Company Act of 1940, and specifically including Euro-clear Clearance System Limited and CEDEL S.A., acting as custodians;

Custodian bank or “custodian” means the following institutions designated by the depository bank for its own account:

Custodian bank means a bank holding and safeguarding the financial assets of third parties;