Custodial agreement (NCI)

This agreement is a draft custody agreement for a non-certificated debt instrument (NCI) between a custodian and a Dealer Member. It contains the minimum terms that are required by IIROC 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 Dealer Members in it cautioning that additional terms may be necessary or desirable to protect a Dealer Member's interests and that the Dealer Member should consult its own advisors.

Custodial agreement (NCI) - Attachment (pdf)