Common use of Foreign Custody Clause in Contracts

Foreign Custody. In the case of safekeeping of Securities outside of Germany, Trade Republic's liability is limited to the careful selection and instruction of the foreign custodian or intermediary custodian engaged by it. In the case of an intermediate custody by Clearstream Banking AG or another German domestic intermediary custodian as well as a custody by its own foreign branch, Trade Republic is liable for their fault.

Foreign Custody. In the case of safekeeping of Securities securities outside of Germany, Trade Republic's liability is limited to the careful selection and instruction of the foreign custodian or intermediary intermediate custodian engaged by it. In the case of an intermediate custody by Clearstream Banking AG or another German domestic intermediary intermediate custodian as well as a custody by its own foreign branch, Trade Republic is liable for their fault.