Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Fund understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Fund assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.
Trade Settlement. The Fund acknowledges that transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs and assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice. The Custodian agrees that where consistent with local market practice (a) if instructed to deliver Securities against receipt of payment, delivery of such Securities and receipt of payment therefor must be completed simultaneously and that (b) if instructed to deliver payment against receipt of securities, delivery of such payment and receipt of securities therefor must be completed simultaneously. If unable to do so, the Custodian will notify the Fund as soon as practicable after receipt of Authorized Instructions.
Trade Settlement. 9 SECTION 5 – DEPOSITS AND ADVANCES.......................................................................... 9 5.1 Deposits.......................................................................................................................... 9
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. When the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor shall be completed simultaneously unless the Fund provides Authorized Instructions to the contrary. The Fund assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice, except to the extent of losses resulting from the Custodian’s negligence, willful misconduct, lack of good faith or breach of this Agreement.
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Fund understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Fund assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice. The Custodian shall have no responsibility for non-receipt of payment or late payment, or non-delivery of Securities or late delivery of Securities, except to the extent Custodian is negligent, acting in bad faith, or engaging in willful misconduct or fraud, or does not follow current market practice.
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Fund understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Fund assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice, except to the extent Custodian is acting in bad faith, or engaging in willful misconduct or fraud, or does not follow current market practice.
Trade Settlement. The Subadviser will settle and instruct all portfolio securities trades to the Fund's custodial bank. The Subadviser shall be responsible for maintaining all confirmation statements and trade records with respect to the Fund and Subadviser shall provide such information to the Adviser upon request.
Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Security Provider and the Secured Party understand that when the Custodian is instructed to deliver Eligible Collateral against payment, delivery of such Eligible Collateral and receipt of payment related to such Eligible Collateral may not be completed simultaneously, and in particular, that when the Custodian receives an Instruction to deliver Eligible Collateral against payment or in exchange for Cash (for example in connection with the settlement of a Eligible Collateral transaction or a redemption, exchange, tender offer or similar corporate action) such payment or exchange of Cash may not occur simultaneously with the delivery of Eligible Collateral and therefore the Custodian may deliver such Eligible Collateral before actually receiving final payment for such delivery of Eligible Collateral. Consequently, as a matter of bookkeeping convenience, the Custodian may credit the Cash Accounts with Cash equal to the amount the Custodian anticipates will be received by it or a Depository prior to actual receipt by the Custodian or Depository of the Cash by way of final payment for such delivery of Eligible Collateral. The Security Provider assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Eligible Collateral pursuant to Authorised Instructions in accordance with local market practice.
Trade Settlement. In performing its settlement obligations hereunder, Vanguard may settle all Fund/SERV purchases through Participant #5972 in accordance with the procedures and timeframes established under the rules of the NSCC. In performing its settlement obligations hereunder, the Fund may settle all Fund/SERV redemptions through Participant # 3601 in accordance with the procedures and timeframes established under the rules of the NSCC. Nothing herein shall prevent a Fund from delaying or suspending the right of redemption in accordance with the provisions of the Investment Company Act of 1940, as amended, and the rules thereunder.
