Common use of Drawing and Termination of Bonds Clause in Contracts

Drawing and Termination of Bonds. In the case of bonds held in domestic custody, Trade Republic monitors the time of redemption as a result of drawing and cancellation on the basis of the publications in the "Wertpapier-Mitteilungen". In the case of a draw for redeemable bonds held in custody outside of Germany, which is carried out on the basis of their deed numbers (number draw), Trade Republic will, at its discretion, either assign deed numbers to the Customer for the Securities credited to the Customer in Custody Account for the draw purposes or, in an internal draw, allocate the amount attributable to the holdings of the Customers. This internal draw shall be carried out under the supervision of a neutral auditing agency; it may instead be carried out using an electronic data processing system, provided that a neutral draw is guaranteed.

Appears in 15 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Drawing and Termination of Bonds. In the case of bonds held in German domestic custody, Trade Republic monitors the time of redemption as a result of drawing and cancellation on the basis of the publications in the "Wertpapier-Mitteilungen". In the case of a draw for redeemable bonds held in custody outside of Germany, which is carried out on the basis of their deed numbers (number draw), Trade Republic will, at its discretion, either assign deed numbers to the Customer for the Securities securities credited to the Customer him in Custody Account custody account for the draw purposes or, in an internal draw, allocate the amount attributable to the the holdings of the Customers. .. This internal draw shall be carried out under the supervision of a neutral auditing agency; it may instead be carried out using an electronic data processing system, provided that a neutral draw is guaranteed.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

Drawing and Termination of Bonds. In the case of bonds held in domestic custody, Trade Republic monitors the time of redemption as a result of drawing and cancellation on the basis of the publications in the "Wertpapier-Mitteilungen"WM. In the case of a draw for redeemable bonds held in custody outside of Germany, which is carried out on the basis of their deed numbers (number draw), Trade Republic will, at its discretion, either assign deed numbers to the Customer for the Securities credited to the Customer in Custody Account for the draw purposes or, in an internal draw, allocate the amount attributable to the holdings of the Customers. This internal draw shall be carried out under the supervision of a neutral auditing agency; it may instead be carried out using an electronic data processing system, provided that a neutral draw is guaranteed.

Appears in 3 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Drawing and Termination of Bonds. In the case of bonds held in German domestic custody, Trade Republic monitors the time of redemption as a result of drawing and cancellation on the basis of the publications in the "Wertpapier-Mitteilungen". In the case of a draw for redeemable bonds held in custody outside of Germany, which is carried out on the basis of their deed numbers (number draw), Trade Republic will, at its discretion, either assign deed numbers to the Customer for the Securities securities credited to the Customer him in Custody Account custody account for the draw purposes or, in an internal draw, allocate the amount attributable to the holdings of the Customers. .. This internal draw shall be carried out under the supervision of a neutral auditing agency; it may instead be carried out using an electronic data processing system, provided that a neutral draw is guaranteed.

Appears in 1 contract

Samples: Customer Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!