Eligible Custodian definition

Eligible Custodian means any bank or financial institution whose business includes the provision of custodial services and which (i) is incorporated, domiciled and regulated as a custodian in an OECD country, (ii) has a rating equal to the Eligible Custodian Threshold Rating or higher (or the equivalent rating from any other Rating Agency) and (iii) is a member of the Relevant Association.

Eligible Custodian means any bank or financial institution whose business includes the provision of custodial services and which (i) is incorporated, domiciled and regulated as a custodian in an OECD country, (ii) has a rating equal to the Eligible Custodian Threshold Rating or higher (or the equivalent rating from any other Rating Agency) and (iii) if the Posted Collateral comprises Gold, is an LBMA member, if applicable.

Eligible Custodian means any suitably qualified person whose appointment as the Custodian under this Agreement will not adversely affect the rating assigned to any Notes by a Designated Rating Agency.

Examples of Eligible Custodian in a sentence

• Eligible Custodian means any third party custodian (including an associate) whom may be appointed by us from time to time to hold the assets and/or cash in your portfolio.

• You accept that PSL or any Eligible Custodian may, if it is required to do so to comply with legal or regulatory requirements, withhold or deduct tax or other amounts from any such payments.

• If you are eligible to reclaim any such withholdings or deductions then this will be your responsibility and not that of PSL or an Eligible Custodian, to do so.

• Any costs PSL or an Eligible Custodian incurs when complying with these obligations may be deducted by PSL from your account.

• Eligible Custodian This refers to a third party custodian (or its nominee company) who PSL selects under the FCA Rules to register your investments with.

More Definitions of Eligible Custodian

Eligible Custodian means (subject to rule 4.2(d)) —

Eligible Custodian means a third party (including an Associate) appointed byus in accordance with FCA Rules to act as sub-custodian to hold investments in which you have a beneficial interest pursuant to the Custody Service in accordance with the FCA Rules;

Eligible Custodian. A custodian that satisfies, mutatis mutandis, the eligibility requirements set out in Section 6.8.

Eligible Custodian means the financial institution with which the Administrative Vendor has an agreement in place to facilitate Services for the Employer.

Eligible Custodian has the meaning given to the term “custodian” in the FSA Rules;

Eligible Custodian means a bank having the qualifications prescribed in Section 26(a)(1) of the Act, or an Eligible Foreign Custodian.

Eligible Custodian means any entity (including any successor in title thereto) which is (a) rated by each Rating Agency or(b) guaranteed by an entity rated by each Rating Agency pursuant to a guarantee or a financial guaranty insurance policy in a form acceptable to the Rating Agencies, as may be selected by the Portfolio Swap Counterparty in accordance with the terms of the Collateral Switch Agreement. For the avoidance of doubt, KBC Bank or any of its affiliates may, subject only to the satisfaction of the Eligible Custodian criteria, be an Eligible Custodian.