Betekenis van:
custodian

Voorbeeldzinnen

1. Custodian
2. Custodian Transfer instructions
3. is held by a third part custodian not related to the provider or is legally secured from the consequences of a failure of a related party;
4. When using links between SSSs, the counterparties hold the assets on their own account with their home SSS and have no need for a custodian. CHAPTER 7
5. Custodian: an entity which undertakes the safekeeping and administration of securities and other financial assets on behalf of others. Day-count convention: the convention regulating the number of days included in the calculation of interest on credits.
6. This option is applicable if (i) the custodian distinguishes MMF shares/units kept in custody on behalf of holders from those kept on behalf of other custodians; and (ii) most of the MMF shares/units are in the custody of domestic resident institutions that are classified as financial intermediaries (MFIs or OFIs).
7. This Article shall not apply to shares acquired for the sole purpose of clearing and settling within the usual short settlement cycle, or to custodians holding shares in their custodian capacity provided such custodians can only exercise the voting rights attached to such shares under instructions given in writing or by electronic means.
8. The precise procedure of the CCBM depends on whether the eligible assets are earmarked for each individual transaction or whether they are held in a pool of underlying assets [93]. In an earmarking system, as soon as a counterparty’s bid for credit is accepted by the national central bank of the Member State in which the counterparty is established (i.e. the ‘home central bank’), the counterparty instructs (via its own custodian, if necessary) the SSS in the country in which its marketable assets are held to transfer them to the central bank of that country for the account of the home central bank.
9. In an earmarking system, as soon as a counterparty’s bid for credit is accepted by the national central bank of the Member State in which the counterparty is established (i.e. the ‘home central bank’), the counterparty instructs (via its own custodian, if necessary) the SSS in the country in which its marketable assets are held to transfer them to the central bank of that country for the account of the home central bank. Once the home central bank has been informed by the correspondent central bank that the collateral has been received, it transfers the funds to the counterparty.
10. Credit institution: an institution covered by the definition contained in Article 4 (1) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast). Thus, a credit institution is: (i) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account, or (ii) an undertaking or any other legal person, other than those under (i), which issues means of payment in the form of electronic money. Cross-border settlement: a settlement which takes place in a country other than the country or countries in which one or both of the parties to the trade are located. Custodian: an entity which undertakes the safekeeping and administration of securities and other financial assets on behalf of others. Day-count convention: the convention regulating the number of days included in the calculation of interest on credits. The Eurosystem applies the day-count convention actual/360 in its monetary policy operations.