Common use of Instant Trading Volume Clause in Contracts

Instant Trading Volume. 1.1. Trade Republic enables the service Instant Trading Volume (hereinafter “Instant Trading Volume”) together with Adyen N.V., [HR 3259528; Simon Xxxxxxxxxxxxxxxx 0-00, 0000 XX, Xxxxxxxxx, Xxx Xxxxxxxxxxx] (hereinafter "Adyen"). In this way, Trade Republic enables the Customer to acquire an immediately available amount for trading in financial instruments by means of accepted credit or debit cards or via an accepted Wallet solution (hereinafter “Wallet Solution”). This service is provided in addition to the option under the Framework Agreement Online Brokerage for the Customer to deposit a Customer balance by transfer from the Customer's reference account. 1.2. The amount paid by the Customer – minus the potential fee charged by Trade Republic – is credited to the Omnibus Trust Account as a customer balance as soon as the payment is received by Trade Republic. However, the Customer may immediately trade in financial instruments after authorization of the corresponding deposit via an accepted card or via an accepted Wallet Solution to the extent of the acquired trading volume, i.e. before it is credited to the Omnibus Trust Account (waiver by Trade Republic of advance payment by the Customer). 1.3. In case of a negative balance in the customers account, Trade Republic reserves the right to deduct the amount of the negative from the Instant Trading Volume. 1.4. Trade Republic may decline a deposit at its discretion if, in Trade Republic's opinion, there is no "fair use" of this deposit option by the Customer.