RBCIS definition

RBCIS means RBC Investor Services Trust;
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RBCIS means RBC Investor Services Bank S.A., a société anonyme incorporated in the Grand Duchy of Luxembourg, with its registered office at ▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇, L-4360 ▇▇▇▇-sur- Alzette, Grand Duchy of Luxembourg and registered with the Luxembourg Registre de Commerce et des Sociétés (RCS) under number B47192;
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Examples of RBCIS in a sentence

  • In addition, RBCIS actively manages the risks associated with potential transactions (including market liquidity and credit risks) in accordance with its internal risk management policies and may need to execute one or more risk mitigating transactions.

  • RBCIS will (at its discretion) attempt to reflect such price movements, whether positive or negative, in the price provided to the Customer.

  • RBCIS is not liable for any Loss or for any cost or expense that the Customer incurs due to or in connection with the untimely clearance of cash payments.

  • The Customer is responsible for being aware of and understanding the specific risks and any legal and regulatory aspects involved in transacting in Restricted Currencies and RBCIS shall not bear any responsibility related thereto.

  • Notwithstanding any other provision of this Agreement, to the extent permitted by Applicable Regulations, in no event shall RBCIS be liable for any indirect, consequential, incidental, punitive or special losses or damages arising from this Agreement or the performance or non-performance of FX Services hereunder, including, without limitation, damages for economic loss and loss of opportunity, even if RBCIS has been advised of the possibility of such damage.

  • For greater certainty, Standing Mandate Trade Instructions shall be considered to be received by RBCIS when the relevant FX requirement transmitted by RBCIS’ custody system is received by RBCIS’ FX trading desk.

  • Submitting a Refusal Notice will affect the ability of RBCIS to provide FX Services hereunder and should RBC, at any time, receive a Refusal Notice RBCIS may immediately stop providing some or all FX Services upon notice to the Customer.

  • In such event, RBCIS will thereafter execute all FX Transactions for securities transactions setting later than T+5 as FX forward transactions.

  • Otherwise, RBCIS will treat such FX Transaction as an FX forward transaction.

  • RBCIS operates a “three lines of defense” model with clearly documented roles and responsibilities in relation to Cyber & IT Risk.