Appointment of Additional Custodian Banks

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14. APPOINTMENT OF ADDITIONAL CUSTODIAN BANKS

FXCH and/or Members may suggest the appointment of a new credit institution to act as an additional Custodian for FXCH service.

In the event that an additional Custodian is proposed to act as a Custodian of FXCH, for the purposes of receiving deposits from Members and FXCH, the majority of the Members must vote favourably for this new addition prior to appointing the proposed credit institution as a Custodian of FXCH.


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