Custody of Securities. Trade Republic holds the Customer's Securities and uncertificated Securities in custody, with the exception of Crypto Assets acquired by the Customer. Trade Republic observes the legal and regulatory requirements for the regularity of the custody business. As a rule, German domestic securities are held in custody by Clearstream Banking AG, in Frankfurt, Germany, as a central securities depository, provided that the Securities are eligible for collective safe custody. As long as Trade Republic itself does not maintain a custody account with Clearstream Banking AG, the German Customers’ domestic Securities are booked in a custody account of a sub-custodian (at the moment HSBC Trinkaus & Xxxxxxxxx XX) with Clearstream Banking AG. Trade Republic has concluded a corresponding agreement with the respective sub- custodian. Following this agreement, the sub-custodian has to hold the Securities of the Trade Republic Customers separately from the securities held by itself. The sub-custodian is liable to Trade Republic for any breaches of duty arising from the custody of Customers' Securities. Trade Republic is in turn liable to the Customers themselves for the fulfillment of the contractual obligations under the Framework Agreement and the Special Terms and Conditions. In the event of insolvency of Trade Republic or the sub-custodian, Trade Republic and the sub-custodian will keep Customers' Securities separate from any own holdings. This avoids a commingling of own holdings with Customer securities and ensures a right of segregation of the Customers regarding their securities. Only for fractional securities held by the Customer, Trade Republic may, if necessary, hold a cover holding as a proprietary holding. Foreign securities are generally held in custody in the home market of the security in question or in the country in which the purchase was made. The respective securities statement provided by Trade Republic to the Customer shows in which country Trade Republic holds the Securities in custody. Trade Republic fulfills its custody obligations by providing and maintaining the Custody Account. This includes the following services in particular: - Issuance of an annual Custody Account statement; - Redemption of Securities and renewal of coupon sheets; - Processing of subscription rights, warrants and convertible bonds; - Passing on news from "Wertpapier-Mitteilungen" - an information provider regarding securities; - Exchanging, deregistering and destroying certific...
Custody of Securities. 8 Section 5.01. Employment of a Custodian.................8 Section 5.02. Provisions of Custodian Contract........
Custody of Securities. Securities held by Stifel for you, but which are not registered in your name, may be commingled with identical securities being held for other clients by our Correspon- dent, the Depository Trust Company, or in similar systems.
Custody of Securities. 23.1 Manner of custody Any Securities which are held by us for the Account may, at our discretion, be either:
(a) registered in your name or in the name of our associated entity (as defined in the Securities and Futures Ordinance); or
(b) deposited in safe custody in a designated account of our banker or with any other appropriate institution which provides safe custody facilities as may be permitted by the applicable laws and regulations.
Custody of Securities. The custody of securities which form part of a collective deposit within the meaning of the Securities Giro Administration and Transfer Act ('Wet Giraal Effectenverkeer') held by the Bank shall be subject to the provisions of this Act and to the provision set forth in the next sentence. To the extent these securities are susceptible of drawings by lot, the Bank shall see to it that each time a drawing takes place, there shall be allotted to each Customer individually an amount of securities - designated for redemption - corresponding to his entitlement. The custody of all other securities is assumed by N.V. Effectenbewaarbedrijf van de Hollandsche Bank-Unie or by Hollandsche Bank-Unie Global Custody N.V. to the extent that they accept such custody under their own conditions. Such custody shall be subject to the "Rules for the Custody of Securities" and the "Rules for the Custody of Bearer Securities or Securities other than Bearer Securities which are located abroad", respectively.
Custody of Securities. The parties agree that all Securities held in the Account shall be treated as financial assets. For purposes of the Code, the security interest granted by Bank in the Eligible Collateral and Proceeds for the benefit of the Depositor is created, attaches, and is perfected for all purposes under Texas law from the time Custodian identifies the pledge of any Eligible Collateral or Proceeds to the Depositor and issues a Trust Receipt to the Depositor for such Eligible Collateral or Proceeds. The security interest of the Depositor in Securities and all Proceeds shall terminate upon the transfer of such Securities or Proceeds from the Account.
Custody of Securities crypto assets
4.1. The securities acquired by the Customer by partial executions shall be booked into the Customer's custody account maintained with Trade Republic. Crypto assets are held in custody with the respective crypto custodian.
4.2. Distributions as well as dividends shall be credited pro rata for fractions.
4.3. The Customer may sell the financial instruments acquired through the Savings Plan via the Application at any time, but no earlier than on the next trading day following the execution. In the case of fractions, this may take until the second trading day.
4.4. Fractions of registered shares held under the savings plan cannot be registered in the share register. By acquiring further fractions, the Customer may obtain additional whole shares, so that subsequent entry in the share register may be made at the Customer's request. The subsequent registration of whole shares arising from fractions will be carried out on two cut-off dates, two days after the execution date at the beginning and in the middle of the month.
4.5. Trade Republic enables the Customer to participate in corporate actions for fractional securities to the extent feasible. Cash dividends, for example, are paid to the Customer in the ratio of the fraction booked to a share. However, fractions do not participate in certain other corporate actions. The design of corporate actions is the responsibility of the respective issuer. Trade Republic has no influence on this.
Custody of Securities. 23.1 Any Securities which are held by us for the Account may, at our discretion, be either:
(a) registered in your name or in the name of our associated entity (as defined in the Securities and Futures Ordinance); or
(b) deposited in safe custody in a designated account of our banker or with any other appropriate institution which provides safe custody facilities as may be permitted by the applicable laws and regulations.
23.2 If we receive any dividends or other distributions or benefits in relation to any Securities for your Account, they shall be credited to your Account. Where your Securities form part of a larger holding of identical Securities held for our clients, you shall be entitled to a proportional share of the dividends, distributions or benefits in question.
23.3 In the absence of contrary Instructions, we are authorized at our discretion and at your cost and expense:
(a) to request payment of and receive all interest and other payments or distributions (whether of a capital or income nature) in respect of any Securities;
(b) to surrender your Securities against receipt of the moneys payable at maturity or on redemption of the Securities if called prior to maturity;
(c) to exchange any documents relating to any of your Securities, where such documents have been issued, in interim or temporary form for definitive form; and
(d) to complete and deliver on your behalf as owner any ownership certificates in connection with the Securities which may be required to obtain income from your Securities or to facilitate their sale.
(a) In respect of any Securities held on your behalf, if we are notified that any voting and/or any other rights or privileges (including without limitation conversion and subscription rights and any rights or privileges arising in connection with takeovers, other offers or capital reorganizations) attaching to those Securities may be exercised, we will use our reasonable endeavours to notify you as soon as reasonably practicable of such rights and/or privileges. If you unambiguously inform us in writing within fourteen business days of such notice (or such shorter period as may be specified or appropriate) that you wish us to exercise the rights and/or privileges and you have sufficient cleared funds in the Account, we will do so but only on such terms as you advise in writing and which are reasonably acceptable to us. Otherwise, we will not exercise any such rights and/or privileges. Notwithstanding the absence of satisfacto...
Custody of Securities. The Client will establish and maintain a custody account with a custodian ("Custodian") acceptable to the Manager for all assets in the Account. The Client agrees to give the Manager at least thirty (30) days' written notice of any change of Custodian.
Custody of Securities. ATBSI may hold your securities at its head office or any of its branch offices or with any other custodian which ATBSI in its discretion considers appropriate and in so holding your securities, ATBSI assumes no higher degree of care than that exercised by ATBSI in the custody of its own securities.
