Common use of Customer Custody Services Clause in Contracts

Customer Custody Services. These Custody Terms and Conditions create a direct contractual relationship between you and Hubwise Securities Ltd (“Hubwise”), for the custody of any investments (“Investments”) and cash (“Cash”) belonging to you, and other associated services as set out in these Custody Terms and Conditions (the “Customer Custody Services”). These Custody Terms and Conditions contain important information about your relationship with Hubwise and impose obligations and liabilities on you. You should read them carefully and you should contact SCM if you want any further information. Please keep these Custody Terms and Conditions in a safe place in case you need to refer to them in the future. Hubwise Securities Ltd, a company incorporated in England and Wales, with registered number 06071374 whose address is Waverley Court, Wiltell Road, Lichfield, Staffordshire WS14 9ET. Hubwise Securities Ltd is authorised and regulated by the Financial Conduct Authority. The current address of the Financial Conduct Authority is 00 Xxx Xxxxx Xxxxxxxxx, Xxxxxx X00 0XX. Hubwise will provide the Customer Custody Services to you under these Custody Terms and Conditions and you will become a client of Hubwise for these purposes. You hereby acknowledge and agree that: • SCM is irrevocably authorised to enter into these Custody Terms and Conditions on your behalf as your agent; • SCM is irrevocably authorised to act on your behalf, including for the purposes of making representations, warranties and undertakings, and giving receipts and discharges on your behalf for Cash and Securities received from you; • SCM is authorised, alone, to give instructions and receive notices on your behalf to Hubwise Securities Ltd for the purposes of the delivery by Hubwise of the Customer Custody Services or the enforcement by Hubwise of its rights under these Custody Terms and Conditions; • SCM has full capacity and authority to dispose of any investments or rights in connection with any transaction; • Hubwise may transfer monies and investments to and from your client custody account to fulfil any settlement or other obligations you may have to Hubwise; and • following notification to you of any termination of the Services Agreement between SCM and Hubwise, your relationship with Hubwise Securities Ltd under these Custody Terms and Conditions will also terminate. You agree, at all times, to comply with all applicable laws and regulations, including any taxation, customs or other requirements in relation to your nationality or place of residence, in order to receive the Customer Custody Services from Hubwise under these Custody Terms and Conditions. In addition, you represent and warrant to SCM and Hubwise on a continuing basis that you are not a US citizen, you are not resident in the US and you do not have an obligation to pay tax to the US authorities on your worldwide income. If any of these statements is or becomes untrue, you must immediately inform SCM and Hubwise and in those circumstances, each of SCM and Hubwise reserve the right to close your client custody account and decline to provide any further services to you.

Customer Custody Services. These Custody Terms and Conditions create a direct contractual relationship between you and Hubwise Securities Ltd (“Hubwise”)Société Générale, acting through its London branch, for the custody of any investments securities (“Investments”Securities) and cash (“Cash”) belonging to you, and other associated services as set out in these Custody Terms and Conditions (the “Customer Custody Services”). These Custody Terms and Conditions contain important information about your relationship with Hubwise Société Générale and impose obligations and liabilities on you. You should read them carefully and you should contact SCM SCMD if you want any further information. Please keep these Custody Terms and Conditions in a safe place in case you need to refer to them in the future. Hubwise Securities Ltd, Société Générale is a company incorporated in France and acting through its London Branch registered in England and Wales, with registered under number 06071374 BR 000021 whose address is Waverley CourtSG House, Wiltell Road00 Xxxxx Xxxx, LichfieldXxxxxx, Staffordshire WS14 9ETXX0X 0XX. Hubwise Securities Ltd Société Générale is a French credit institution (bank) authorised by the Autorité de Contrôle Prudentiel et de Résolution (the French Prudential Control and regulated Resolution Authority) and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulatory Authority. Details about the extent of Société Générale’s authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from Société Générale on request. The current address of the Autorité de Contrôle Prudentiel et de Résolution is 00 xxx Xxxxxxxx, 00000 Xxxxx Xxxxx 00, Xxxxxx; the current address of the Financial Conduct Authority is 00 Xxx Xxxxx Xxxxxxxxx, Xxxxxx X00 0XX, Xxxxxx Xxxxxxx and the current address of the Prudential Regulation Authority is 00 Xxxxxxxx, Xxxxxx, XX0X 0XX, Xxxxxx Xxxxxxx. Hubwise Société Générale will provide the Customer Custody Services to you under these Custody Terms and Conditions and you will become a client of Hubwise Société Générale for these purposes. You hereby acknowledge and agree that: • SCM SCMD is irrevocably authorised to enter into these Custody Terms and Conditions on your behalf as your agent; • SCM SCMD is irrevocably authorised to act on your behalf, including for the purposes of making representations, warranties and undertakings, and giving receipts and discharges on your behalf for Cash and Securities received from you; • SCM SCMD is authorised, alone, to give instructions and receive notices on your behalf to Hubwise Securities Ltd Société Générale for the purposes of the delivery by Hubwise Société Générale of the Customer Custody Services or the enforcement by Hubwise Société Générale of its rights under these Custody Terms and Conditions; • SCM SCMD has full capacity and authority to dispose of any investments or rights in connection with any transaction; • Hubwise Société Générale may transfer monies and investments to and from your client custody account to fulfil any settlement or other obligations you may have to HubwiseSociété Générale; and • following notification to you of any termination of the Services Agreement between SCM SCMD and HubwiseSociété Générale, your relationship with Hubwise Securities Ltd Société Générale under these Custody Terms and Conditions will also terminate. You agree, at all times, to comply with all applicable laws and regulations, including any taxation, customs or other requirements in relation to your nationality or place of residence, in order to receive the Customer Custody Services from Hubwise Société Générale under these Custody Terms and Conditions. In addition, you represent and warrant to SCM SCMD and Hubwise Société Générale on a continuing basis that you are not a US citizen, you are not resident in the US and you do not have an obligation to pay tax to the US authorities on your worldwide income. If any of these statements is or becomes untrue, you must immediately inform SCM SCMD and Hubwise Société Générale and in those circumstances, each of SCM SCMD and Hubwise Société Générale reserve the right to close your client custody account and decline to provide any further services to you.