Common use of Holding Client Assets Clause in Contracts

Holding Client Assets. ‌ (i) IBIE or any relevant sub-custodian will be responsible for claiming and receiving dividends, interest payments and other entitlements arising from the Client Assets held in custody for you. You will be informed of your rights in respect of corporate actions by notification through the online client portal. (ii) IBIE will not notify you of Annual General Meetings or Extraordinary General Meetings applicable to your investments, nor will IBIE exercise any voting rights attached to your investments, unless you specifically request us to do so. (iii) Information on the institutions with which Client Assets are to be held can be found at xxxxx://xxxxxx.xxxxxxxxxxxxxxxxxx.xxx/Universal/servlet/Registration_v2.formS ampleView?formdb=4350. (iv) Client Assets may be held with a bank or other third party outside of Ireland or the EEA. Where Client Assets are held with a bank or other third parties outside of Ireland or the EEA, to the extent permitted by the Client Assets Rules, the legal and regulatory regime applying to such bank or other third party may differ to that applicable in Ireland or the EEA and your rights in relation to that bank or other third party may be treated differently to the way it would be treated if it were held in Ireland. Therefore, an insolvency of this bank or other third party may lead to the inability of such bank or organisation to repay/return the Client Assets. (v) Where IBIE holds Client Assets in bank account(s) or with other third parties, such Client Assets may be pooled. This means that in the event of IBIE’s failure you do not have a claim against a specific sum or securities held in a specific account, and your claim may only be for a share of the total Client Assets held in that pool. Any shortfall held in that pool would be borne by you rateably in accordance with your entitlements in respect of the Client Assets. In such circumstances, you may not receive an amount equal to the individual sum owing to you. (vi) In the case of collateral margined transactions, please refer to the additional provided in Clause 4B(ii) of this Agreement.

Holding Client Assets. ‌ (i) IBIE or any relevant sub-custodian will be responsible for claiming and receiving dividends, interest payments and other entitlements arising from the Client Assets held in custody for you. You will be informed of your rights in respect of corporate actions by notification through the online client portal. (ii) IBIE will not notify you of Annual General Meetings or Extraordinary General Meetings applicable to your investments, nor will IBIE exercise any voting rights attached to your investments, unless you specifically request us to do so. (iii) Information on the institutions with which Client Assets are to be held can be found at xxxxx://xxxxxx.xxxxxxxxxxxxxxxxxx.xxx/Universal/servlet/Registration_v2.formS ampleView?formdb=4350. (iv) Client Assets may be held with a bank or other third party outside of Ireland or the EEA. Where Client Assets are held with a bank or other third parties outside of Ireland or the EEA, to the extent permitted by the Client Assets Rules, the legal and regulatory regime applying to such bank or other third party may differ to that applicable in Ireland or the EEA and your rights in relation to that bank or other third party may be treated differently to the way it would be treated if it were held in Ireland. Therefore, an insolvency of this bank or other third party may lead to the inability of such bank or organisation to repay/return the Client Assets. (v) Where IBIE holds Client Assets in bank account(s) or with other third parties, such Client Assets may be pooled. This means that in the event of IBIE’s failure you do not have a claim against a specific sum or securities held in a specific account, and your claim may only be for a share of the total Client Assets held in that pool. Any shortfall held in that pool would be borne by you rateably in accordance with your entitlements in respect of the Client Assets. In such circumstances, you may not receive an amount equal to the individual sum owing to you. (vi) In the case of collateral margined transactions, please refer to the additional provided in Clause 4B(ii) of this Agreement.