Primary Custodian definition

Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

Primary Custodian means a U.S. Bank or Qualified Foreign Bank that contracts directly with a Fund to provide custodial services related to maintaining the Fund’s assets outside the United States. NOTE to § 270.17f-7: When a Fund’s (or its custodian’s) custody arrangement with an Eligible Securities Depository involves one or more Eligible Foreign Custodians (as defined in § 270.17f-5) through which assets are maintained with the Eligible Securities Depository, § 270.17f-5 will govern the Fund’s (or its custodian’s) use of each Eligible Foreign Custodian, while § 270.17f-7 will govern an Eligible Foreign Custodian’s use of the Eligible Securities Depository. Appendix A APPENDIX B Some Frequently Asked Questions Concerning the Depository Questionnaire Project(January 2018) Some Frequently Asked Questions Concerning the Depository Questionnaire Project January 2018 Contents 1. What is the Association of Global Custodians? 32. What is SEC Rule 17f-7 and What Does it Require? 3

Primary Custodian means State Street Bank and Trust Company.

Examples of Primary Custodian in a sentence

• The contract between the Fund and the Primary Custodian states that the Primary Custodian will agree to exercise reasonable care, prudence, and diligence in performing the requirements of paragraphs (a)(1)(i)(A) and (B) of this section, or adhere to a higher standard of care.

• The contract between the Fund and the Primary Custodian requires the Primary Custodian (or its agent) to monitor the custody risks associated with maintaining assets with the Eligible Securities Depository on a continuing basis, and promptly notify the Fund or its investment adviser of any material change in these risks.

• As Primary Custodian, the Custodian shall perform the duties and obligations set forth in Rule 17f-7 and in Part II of these guidelines and procedures.

• AIM will notify the Boards of Directors/Trustees in writing of any material change in the Eligible Foreign Securities Depositories for a Fund that has not been reported by the Primary Custodian promptly after the occurrence of the material change.

• AIM will submit to the Boards of Directors/Trustees a quarterly report indicating changes to Eligible Foreign Securities Depositories to the extent such report is not provided by the Primary Custodian.

More Definitions of Primary Custodian

Primary Custodian means a U.S. Bank or Qualified Foreign Bank that contracts directly with a Fund to pro- vide custodial services related to main- taining the Fund’s assets outside the United States.NOTE TO § 270.17f–7: When a Fund’s (or its custodian’s) custody arrangement with an Eligible Securities Depository involves one or more Eligible Foreign Custodians (as de- fined in § 270.17f–5) through which assets are maintained with the Eligible Securities De- pository, § 270.17f–5 will govern the Fund’s (or its custodian’s) use of each Eligible Foreign Custodian, while § 270.17f–7 will govern an El- igible Foreign Custodian’s use of the Eligible Securities Depository.[65 FR 25638, May 3, 2000] § 270.17g–1 Bonding of officers and em- ployees of registered management investment companies.

Primary Custodian the meaning set forth in Rule 17f-7(b)(2) of the Act.

Primary Custodian means a U.S. Bank or Qualified Foreign Bank that contracts directly with a Fund to pro- vide custodial services related to main- taining the Fund’s assets outside the United States.N

Primary Custodian means a U.S. Bank or Qualified Foreign Bank that contracts directly with a Fund to provide custodial services related to maintaining the Fund's assets outside the United States. Note to Rule 17f-7:

Primary Custodian the Custodian shall be the Primary Custodian designated to perform the Information Services described in Article III hereof all within the meaning set forth in Rule 17f-7(b)(2).

Primary Custodian means a U.S.Bank or Qualified Foreign Bank that contracts directly with a Fund to

Primary Custodian means a U.S.Bank or Qualified Foreign Bank that contracts directly with a Fund to provide custodial services related to maintaining the Fund’s assets outside the United States.