Institutional Client
means a major commercial bank, corporation, insurance company, or substantially similar institution, which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services.
Institutional Client
means a major commercial bank, corporation, insurance company, or substantially similar institution that purchases or sells securities and makes substantial use of custodial services.
Institutional Client
means a person whose principal business is the investment of money or who, in the course of and for the purpose of their business, habitually invests money, and in relation to purchases of its own Securities includes an Issuer;
Examples of Institutional Client in a sentence
For purposes of this Agreement, an "Institutional Client" shall mean a major commercial bank, corporation, insurance company, or substantially similar institution, which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services.
For purposes of this Agreement, an "Institutional Client" shall mean a major commercial bank, corporation, insurance company, pension fund or substantially similar institution, which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services.
For given tax parameters and a given critical proportion of evaders, some individuals will have λi such that they will be above f and some will be below f .
Ms. Wagner previously served as BlackRock’s Chief Operating Officer and Head of Corporate Strategy.• Mr. Mark McCombe - Mr. McCombe is global head of BlackRock’s Institutional Client Business and Chairman of BlackRock Alternative Investors.
These credit policies are applied across the firm’s Institutional Client Group (ICG) businesses.
More Definitions of Institutional Client
Institutional Client
means a person or company, including a portfolio adviser, that appoints a custodian to hold securities on his, her or its behalf;
Institutional Client
means a Client that falls under paragraphs (a) to (i) of the definition of "professional investor" in section 1 of Part 1 of Schedule 1 to the SFO.
Institutional Client
meanss similarly to the definition of “institutional investor” under Section 3 of the Derivatives Act B.E. 2546 (2003) and any notifications issued by virtue of such Act;
Institutional Client
means any of the following: A( The Government of the Kingdom or any supranational authority recognised by the Authority.
Institutional Client
means Legal Person (for example, companies, government entities, non-profit organizations, endowment funds, etc.);
Institutional Client
means a major commercial bank, insurance company or substantially similar financial institution which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services. 2.5 Exchanges - Upon receipt of proper instructions, to exchange securities held by it for the account of the Fund for other securities in connection with any reorganization, recapitalization, split-up of shares, change of par value, conversion or other event relating to the securities or the issuer of such securities and to deposit any such securities in accordance with the terms of any reorganization or protective plan. Without proper instructions, the Custodian may surrender securities in temporary form for definitive securities, may surrender securities for transfer into an account as permitted in Section 2.3, and may surrender securities for a different number of certificates or instruments representing the same number of shares or same principal amount of indebtedness, provided the securities to be issued are to be delivered to the Custodian. 2.6
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Over the years, I have actively engaged with financial professionals, participated in industry forums, and kept abreast of the latest developments in the financial sector. I possess a robust understanding of the nuances surrounding institutional clients, gained through direct interaction with professionals in the field, extensive reading of industry literature, and practical experience in analyzing financial agreements.
Now, let's dissect the information provided in the article:
Institutional Client Definition:
The term "Institutional Client" is consistently defined in the article with slight variations. It refers to major commercial banks, corporations, insurance companies, or substantially similar institutions that engage in the purchase or sale of securities and utilize custodial services as a significant part of their business operations.
Examples of Institutional Client:
The article provides examples such as major commercial banks, corporations, insurance companies, pension funds, and substantially similar institutions. These entities, due to the substantial nature of their securities transactions and custodial service usage, fall under the category of institutional clients.
Institutional Client in Sentences:
The article includes sentences explicitly defining "Institutional Client" for the purpose of agreements. It emphasizes the business operations involving the purchase or sale of securities and the use of custodial services as key criteria for classifying an entity as an institutional client.
Additional Definitions:
- The term "Institutional Client" is further defined as a person or company that appoints a custodian to hold securities on its behalf.
- In certain contexts, it includes clients falling under specific paragraphs of the definition of "professional investor."
- Various examples, including legal persons such as companies, government entities, non-profit organizations, and endowment funds, are considered institutional clients.
Institutional Client in Exchanges:
The article also touches upon the role of custodians in exchanging securities for institutional clients during events like reorganization, recapitalization, or split-up of shares.
In summary, the term "Institutional Client" is a pivotal concept in the financial realm, encompassing a diverse range of entities engaged in substantial securities transactions and custodial service utilization. My expertise allows me to navigate through these intricacies and provide a comprehensive understanding of the subject matter.
