Institutional Clients definition
Institutional Clients means U.S. registered investment companies, or major, U.S.-based commercial banks, insurance companies, pension funds or substantially similar financial institutions which, as a substantial part of their business operations, purchase or sell securities and make use of custodial services.
Institutional Clients means U.S. registered investment companies or major U.S. commercial banks, insurance companies, pension funds or substantially similar institutions which, as a part of their ordinary business operations, purchase or sell securities and make use of global custody services. The Custodian shall provide to the Board information with respect to material changes in the custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian. The Custodian shall provide, without limitation, information relating to Foreign Securities Systems and other information described in Schedule C. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in the Board being provided with substantively less information than had previously been provided hereunder and provided further that the Custodian shall in any event provide to the Board at least annually the following information and opinions with respect to the Board approved countries listed on Schedule A:
Institutional Clients means U.S. registered investment companies or major U.S. based commercial banks, insurance companies, pension funds or substantially similar institutions which, as a part of their ordinary business operations, purchase or sell securities and make use of global custody services. The Custodian shall provide to the Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian, including without limitation information relating to Foreign Securities Systems, described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in the Board being provided with substantively less information than had been previously provided hereunder and, provided further, that the Custodian shall in any event provide to the Board and to A I M Advisors, Inc. annually the following information and opinions with respect to the Board-approved countries listed on Schedule A:
Examples of Institutional Clients in a sentence
For purposes of this Agreement, "Institutional Clients" means U.S. registered investment companies, or major, U.S.-based commercial banks, insurance companies, pension funds or substantially similar domestic or foreign financial institutions which, as a substantial part of their business operations, purchase or sell securities and make use of custodial services.
Settlement of transactions in Financial Assets will be conducted in accordance with prevailing standards of the market in which the transaction occurs for transactions by Institutional Clients.
For purposes of this Agreement, "Institutional Clients" means U.S. registered investment companies, or major, U.S.-based commercial banks, insurance companies, pension funds or substantially similar financial institutions which, as a substantial part of their business operations, purchase or sell securities and make use of custodial services.
Absent Instructions to the contrary, settlement will be conducted in accordance with prevailing standards of the market in which the transaction occurs, provided that such standards exist and are generally accepted by Institutional Clients.
Settlement will be conducted in accordance with prevailing standards of the market in which the transaction occurs provided that such standards are generally accepted by Institutional Clients.
More Definitions of Institutional Clients
Institutional Clients means U.S. registered investment companies or major U.S. based commercial banks, insurance companies, pension funds or substantially similar institutions which, as a part of their ordinary business operations, purchase or sell securities and make use of global custody services. The Custodian shall provide to each Fund's Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian, including without limitation information relating to Foreign Securities Systems, described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in each Fund's Board being provided with substantively less information than had been previously provided hereunder and, provided further, that the Custodian shall in any event provide to each Fund's Board and to A I M Advisors, Inc. annually the following information and opinions with respect to the Board-approved countries listed on Schedule A:
Institutional Clients means U.S. registered investment companies or major U.S. commercial banks, insurance companies, pension funds or substantially similar institutions which as part of their ordinary business operations purchase or sell securities and make use of global custody services. The Custodian shall provide to the Board the information with respect to custody and settlement practices in countries in which the Custodian employs a Foreign Sub-Custodian described on Schedule C hereto at the time or times set forth on such Schedule. The Custodian may revise Schedule C from time to time, provided that no such revision shall result in the Board being provided with substantively less information than had been previously provided hereunder.
Institutional Clients means U.S. registered investment companies, or major, U.S.-based commercial banks, insurance companies, pension funds or substantially similar financial institutions which as a part of their ordinary business operations, purchase or sell securities and make use of non-U.S. custodial services. For the purposes of this section, the "DVP/RVP Model" is a settlement system which offers a simultaneous and irrevocable exchange of securities (on the delivery side) and cash value (on the payment side) to settle a transaction. The Custodian will provide the Fund (i) with a copy of The Guide to Custody in World Markets, which at the time of its printing shall contain the Custodian's best information with respect to customary securities trading or securities processing practices and procedures generally accepted by Institutional Clients in the jurisdictions and markets set forth therein, (ii) a summary extracted therefrom and dated the date hereof which shall set forth the Custodian's best information with respect to the markets in which some or all securities transactions do not settle in accordance with the DVP/RVP Model, and (iii) updates to The Guide to Custody in World Markets as published and to the aforementioned summary as appropriate.
Institutional Clients means US registered investment companies, US-based commercial banks, insurance companies, pension funds or financial institutions substantially comparable to the Customer.
Institutional Clients means major commercial banks, corporations,
Institutional Clients. : means corporate entities that have been specifically authorised by the Sicav, subscribing i) for their own account or ii) on behalf of individuals within the framework of a collective savings scheme or any comparable scheme.
Institutional Clients refers to financial institutions or banking entities who have selected correspondent banking services and/or institutional banking services as set forth in the terms and conditions in the Institutional Banking Account Agreement and Correspondent Banking agreement and as defined in such Account Agreements.