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TEMPORARY CUSTODY AGREEMENT This Temporary Custody Agreement (the Agreement) is entered into between ___ Inc., a Delaware corporation (Company) and ___ (Custodian) (Custodian and the Company are also
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The form of sub-custodian agreement is a legal contract that outlines the responsibilities and obligations between a primary custodian and a sub-custodian regarding the safekeeping and management of assets.
Financial institutions and organizations acting as primary custodians are required to file the form of sub-custodian agreement when appointing a sub-custodian to assist in asset custody.
The form of sub-custodian agreement is typically filled out by both parties involved, detailing key terms, roles, responsibilities, and compliance requirements. Legal counsel may be involved in the process.
The purpose of the form of sub-custodian agreement is to establish a clear understanding of the custody arrangement, ensure regulatory compliance, mitigate risks, and protect the assets being held.
Information reported on the form of sub-custodian agreement includes details of the primary custodian, sub-custodian, asset types, custody terms, fees, access, audit rights, and dispute resolution mechanisms.
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