Cover holding. Trade Republic is only required to fulfill the Customer's delivery claims arising from the WR-Credit issued to the Customer from the cover holdings maintained by Trade Republic outside of Germany. The cover holding consists 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-Credit has been issued therefore bears proportionally all economic and legal disadvantages and damages which should affect the cover 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.
Appears in 18 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
