Примеры использования Depositary bank на Английском языке и их переводы на Русский язык
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Authorized depositary bank of the fund is.
In many cases, the secured creditor will, in fact, be the depositary bank itself.
Banker's Trust Company acts as the depositary bank and Deutsche Bank LLC acts as the custodian.
The law should provide that it does not obligate a depositary bank.
That is especially the case if the depositary bank itself is the secured creditor.
The law should provide that nothing in these recommendations obligates a depositary bank to.
Finally, the depositary bank is subject to reputational risk in choosing the customers with which it agrees to enter into transactions.
Automatically upon the creation of a security right if the depositary bank is the secured creditor;
The law of that State in which the depositary bank conducts its operations, in the case where the depositary bank conducts operations in only one State;
Yet another type of priority conflict is where one of the secured creditors is the depositary bank itself.
Moreover, the paragraph stated that the depositary bank would generally win a priority contest by virtue of its right of set-off.
However, it was observed that that result could be achieved by way of an agreement between the grantor and the depositary bank.
The law should provide that,if the account holder and the depositary bank have agreed on the law of a specified territorial unit of a multi-unit State.
Another suggestion was that the chapeau of paragraph 3 should be revised to state:"Nothing in this law obligates the depositary bank.
The depositary bank will send the summary results of the voting to the local Russian custodian within seven business days of the record date for the local securities.
In addition, a secured creditor's rights will be subject to the rights and obligations of the depositary bank under law and practice governing bank accounts.
This change will allow the depositary bank to combine the record dates for the local securities and DR, and will also allow concurrent announcement of the record date and the dividend rate.
One suggestion was that the guide to enactment should clarify that the reference to"other law" in paragraph 2 did not inadvertently result in excluding contractual rights of set off of a depositary bank.
JSC"INTER RAO UES", together with the Bank of New York Mellon acting as a depositary bank, has established GDR programs under Rule 144A and Regulation S 1 GDR 10,000 ordinary shares.
If a depositary bank has concluded more than one control agreement, among those secured creditors, priority is determined according to the order in which the control agreements were concluded.
It was stated that the draft Model Law did not obligate the depositary bank to pay anyone, unless there was a control agreement(see subpara. 3(c)) and a court order.
However, the depositary bank has no duty to recognize the secured creditor and no obligation is otherwise imposed on the depositary bank with respect to the security right, without the depositary bank's consent.
With respect to article 12, it was agreed that there was no need to refer to article 78(providing that the depositary bank did not need to recognize the secured creditor), as the draft Model Law should be read as a whole.
In addition, the depositary bank is typically subject to regulatory risk under laws and regulations of the State designed to ensure the safety and soundness of the depositary bank. .
As the current wording was not sufficiently flexible,she proposed amending the third sentence to read:"If the secure creditor is the depositary bank, unless it otherwise agrees, its security right has priority.
It was stated that under other law the depositary bank might be obligated to pay a person other than the account holder or to respond to queries for information with respect to an account.
In addition, it was agreed that the references to the rights of third-party obligors, such as the debtor of the receivable,the issuer of a negotiable instrument, the depositary bank and the issuer of a non-intermediated security should be set out in a separate provision.
The law should provide that,if the account holder and the depositary bank have chosen the law of a specified territorial unit of a multi-unit State as the law applicable to the account agreement.
In the absence of such instructions or agreement,the secured creditor may need to enforce the security right in the bank account by using judicial process to obtain a court order requiring the depositary bank to turn over the funds credited to the bank account to the secured creditor.
If a depositary bank concludes control agreements with more than one secured creditor, priority among those secured creditors is determined according to the order in which the control agreements were concluded.