Custodian bank definition

Custodian bank means as defined in section 515.35.

Custodian bank means a federal or state bank or trust company regulated under the Iowa banking laws or the federal reserve system, which maintains an account in its name in a clearing corporation and acts as custodian of securities owned by a domestic insurer.

Custodian bank means the Custodian Bank of the Fund. If the Fund or the Management Company specifies another person, company or institution as the Custodian Bank of the Fund, each and every reference to the Custodian Bank in these Terms and Conditions shall be deemed, depending on the context, to refer to the new Custodian Bank.

Examples of Custodian bank in a sentence

• The Custodian Bank is authorized for all purposes to rely on instructions from StoneCastle with respect to the selection of Network Banks in which your funds are deposited.

• The use of the Deposit Network Services will not create a direct relationship between you and: (i) any of the Network Banks, (ii) StoneCastle or (iii) the Custodian Bank.

• StoneCastle is responsible for directing the Custodian Bank to make deposits, in specific amounts, at one or more of the Network Banks.

• In the event Bank requests your funds to be returned from the Deposit Network Service to Bank, it will send notice to the Custodian Bank and StoneCastle.

• StoneCastle will then direct the Custodian Bank to make withdrawals, in specific amounts, from one or more Network Banks.

More Definitions of Custodian bank

Custodian bank means a bank or trust company that is supervised and examined by state or federal authority having supervision over banks and is acting as custodian for a clearing corporation.

Custodian bank means a financial institution with the general

Custodian bank means a bank or trust company or a branch of a bank or trust company that is acting as custodian and is supervised and examined by state or federal authority having supervision over the bank or trust company or with respect to a company's foreign investments only by the regulatory authority having supervision over banks or trust companies in the jurisdiction in which the bank, trust company, or branch is located, and any banking institutions qualifying as an "Eligible Foreign Custodian" under the Code of Federal Regulations, section 270.17f-5, adopted under section 17(f) of the Investment Company Act of 1940, and specifically including Euro-clear Clearance System Limited and CEDEL S.A., acting as custodians;

Custodian bank means commercial bank as approved by BAPEPAM-LK to operate a business as Custodian.

Custodian bank means, in relation to a Fund, a person, company or institution acting as custodian of the Fund's assets according to the Fund Documents.

Custodian bank or “custodian” means the following institutions designated by the depository bank for its own account:

Custodian bank means a bank holding and safeguarding the financial assets of third parties;