Common use of Collateral holdings Clause in Contracts

Collateral holdings. Trade Republic is only required to fulfill the Customer's claims arising from the WR-Gutschrift issued to the Customer from the collateral holdings maintained by it outside of Germany. The collateral holdings consist of the securities of the same class held in custody in the country of custody for the Customer and for Trade Republic. A Customer to whom a WR-Gutschrift has been issued therefore bears proportionally all economic and legal disadvantages and damages which should affect the collateral holding as a result of force majeure, riot, acts of war and natural disasters or through other access by third parties outside of Germany for which Trade Republic is not responsible or in connection with dispositions by German domestic or foreign authorities.

Collateral holdings. Trade Republic is only required to fulfill the Customer's claims arising from the WR-Gutschrift issued to the Customer from the collateral holdings maintained by it outside of Germany. The collateral holdings consist of the securities of the same class held in custody in the country of custody for the Customer and for Trade Republic. A Customer to whom a WR-WR- Gutschrift has been issued therefore bears proportionally all economic and legal disadvantages and damages which should affect the collateral holding as a result of force majeure, riot, acts of war and natural disasters or through other access by third parties outside of Germany for which Trade Republic is not responsible or in connection with dispositions by German domestic or foreign authorities.