Primary Custodian definition

Primary Custodian the meaning set forth in Rule 17f-7(b)(2).
Primary Custodian means State Street Bank and Trust Company.
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

Examples of Primary Custodian in a sentence

  • 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 Eligi- ble Securities Depository on a con- tinuing basis, and promptly notify the Fund or its investment adviser of any material change in these risks.(ii) Exercise of care.


More Definitions of Primary Custodian

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.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 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 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).

Related to Primary Custodian

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • Foreign Custodian (a) a banking institution or trust company incorporated or organized under the laws of a country other than the United States, that is regulated as such by the country's government or an agency of the country's government; (b) a majority-owned direct or indirect subsidiary of a U.S. Bank or bank holding company; or (c) any entity other than a Securities Depository with respect to which exemptive or no-action relief has been granted by the Securities and Exchange Commission to permit it to hold Assets of a registered investment company. For the avoidance of doubt, the term "Foreign Custodian" shall not include Euroclear, Clearstream, or any other transnational system for the central handling of securities or equivalent book-entries regardless of whether or not such entities or their service providers are acting in a custodial capacity with respect to Assets, Securities or other property of the Fund.

  • Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

  • Qualified custodian means the following independent institutions or entities that are not affiliated with the investment adviser by any direct or indirect common control and have not had a material business relationship with the investment adviser in the previous two years:

  • Legal custodian means an individual who is at least 18 years of age in whose care a minor child remains or is placed after a court makes a finding under section 13a(5) of chapter XIIA of the probate code of 1939, 1939 PA 288, MCL 712A.13a.

  • Common Depositary has the meaning specified in Section 304.

  • Community custody means that portion of an offender's