Payment Orders. Funds credited to the Cash Account shall be transferred by us by means of instruction (a "payment order") to one of your account administrators assigned by you for the Custody Account, which you will identify to us. We agree that payment orders and communications seeking to cancel or amend payment orders which are issued by telephone, telecopier or in writing shall be subject to a mutually agreed security procedure and you may execute or pay payment orders issued in our name when verified by you in accordance with such procedure.
Appears in 6 contracts
Samples: Domestic Custody Agreement (Mason Street Funds Inc), Domestic Custody Agreement (Renaissance Funds), Mason Street Funds Inc
