Foreign Depository definition

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Foreign Depository means an “Eligible Securities Depository” (as defined in Rule 17f-7 under the 1940 Act) identified by BNY Mellon to Customer from time to time.

Foreign Depository means the Person specified in the applicable Indenture Supplement, in its capacity as depository for the accounts of any clearing agencies located outside the United States.

Examples of Foreign Depository in a sentence

Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity.
Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depository or a Foreign Depository will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as custodian for its customers.
If a custody arrangement with a Foreign Depository no longer meets the requirements of Rule 17f-7 under the 1940 Act, and the Customer directs that the Customer’s Foreign Assets must be withdrawn from the depository, Custodian will, subject to market, regulatory and legal limitations, withdraw such assets as soon as reasonably practicable.
Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian for its customers.
Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians.

More Definitions of Foreign Depository

Foreign Depository means an entity organized under the laws of a foreign country which operates a system outside the United States in general use by foreign banks and securities brokers for the central or transnational handling of securities or equivalent book-entries which is regulated by a foreign government or agency thereof and which is an "Eligible Foreign Custodian" as defined in Rule 17f-5.

Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the 1940 Act, as amended, identified to a Fund from time to time, and (d) the respective successors and nominees of the foregoing.

Foreign Depository means each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended (the "Rule"), identified by Custodian to the Fund from time to time, and their respective successors which similarly qualify under the Rule. The Custodian shall provide a list of Foreign Depositories to the Fund and its investment adviser from time to time.

Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund prior to the use of such Foreign Depository on Schedule II (as the same may be amended by Custodian from time to time and identified to the Fund prior to use), and (d) the respective successors and nominees of the foregoing identified to the Fund prior to the use of such successor or nominee. “Instructions shall mean Written Instructions, S.W.I.F.T., on-line communications or other method or system, each as specified by the Custodian as available for use in connection with the services hereunder.

Foreign Depository will include: (i) Euroclear; (ii) Clearstream Banking societe anonyme; (iii) each Eligible Securities Depository as defined in Rule 17f-7 under the 1940 Act, identified to a BTC Recipient from time to time; and (iv) the respective successors and nominees of the foregoing.

Foreign Depository means each eligible securities depository identified by BNY Mellon to Customer from time to time.

Foreign Depository means the Person specified in the applicable Indenture Supplement, in its capacity as depository for the accounts of any clearing agencies located outside Canada.