Common use of Contributions to the Default Fund/Swiss Default Fund Pledged Securities Account Clause in Contracts

Contributions to the Default Fund/Swiss Default Fund Pledged Securities Account. If the Swiss Default Fund Pledged Securities Account has been established pursuant to Clause 2.1.3, in order to make Contributions to the Default Fund in accordance with the General Clearing Provisions, the Clearing Member hereby pledges to Eurex Clearing AG Swiss intermediated securities which are at present or are in the future deposited in the Swiss Default Fund Pledged Securities Account. The Clearing Member further undertakes to enter into a control agreement between the Clearing Member, SIX SIS AG and Eurex Clearing AG in respect of all securities which are at present or are in the future deposited in the Swiss Default Fund Pledged Securities Account.

Appears in 8 contracts

Samples: Pledge Agreement, Pledge Agreement, Pledge Agreement

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