This agreement is a draft custody agreement for a non-certificated debt instrument (NCI) between a custodian and an Investment Dealer Member. It contains the minimum terms that are required by CIRO for external segregation location arrangements in which the custodian is holding non-certificated debt instruments [e.g. Guaranteed Investment Certificates (GICs)]. However, there is a note to Investment Dealer Members in it cautioning that additional terms may be necessary or desirable to protect an Investment Dealer Member's interests and that the Investment Dealer Member should consult its own advisors.
Custodial agreement (NCI)
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