Physical delivery of securities. Transactions may involve a possibility or obligation for the Customer to acquire or assign securities (hereinafter the “Physical Delivery”). The Customer is responsible for finding out whether a transaction involves a Physical Delivery. The Bank will accept certain transactions involving a Physical Delivery for transmission, but it is also entitled to decline the transmission of an Order concerning a transaction involving a Physical Delivery. To avoid Physical Delivery, the Customer undertakes to close an individual transaction at the Bank’s demand at a time specified by the Bank. If the Bank does not receive a notification of closing the transaction from the Customer by 12.00 noon on the Business Day preceding the date of Physical Delivery or by some other deadline agreed with the Bank, the Bank is entitled but not obliged to close the transaction on the Customer's behalf at the Customer's expense. If the transaction is not closed before the date of delivery and the transaction is executed, the Customer is liable to compensate the Bank for any expenses arising from the execution with interest. When the Bank accepts for transmission a transaction that involves a Physical Delivery and obliges the Customer to assign securities on the expiration date, the Customer undertakes to reserve the necessary cash in the cash account specified in this Agreement or securities in a book-entry account specified in this Agreement. The Bank is entitled to take measures as stated in the Market Rules or similar measures as the relevant CCP under its clearing rules in respect of failed deliveries. The Physical Deliveries of securities, arising from transactions, to or from the customer's book-entry account are subject to currently valid general terms of book-entry accounts and safe custody of securities, and general terms and conditions governing bond trading.
Physical delivery of securities. Transactions may involve a possibility or obligation for the Customer to acquire or assign securities (hereinafter the ³Physical Delivery´ u7stKomHe r i&s responsible for finding out whether a transaction involves a Physical Delivery. The Bank will accept concerning a transaction involving a Physical Delivery. To avoid Physical Delivery, the Customer undertakes to close an individual transaction at the %DQN¶V GHPDQG DW D WLP the Bank. If the Bank does not receive a notification of closing the transaction from the Customer by 12.00 noon on the Business Day preceding the date of Physical Delivery or by some other deadline agreed with the Bank, the Bank is entitled but not obliged to close the transaction on the Customer's behalf at the Customer's expense. If the transaction is not closed before the date of delivery and the transaction is executed, the Customer is liable to compensate the Bank for any expenses arising from the execution with interest. When the Bank accepts for transmission a transaction that involves a Physical Delivery and obliges the Customer to assign securities on the expiration date, the Customer undertakes to reserve the necessary cash in the cash account specified in this Agreement or securities in a book-entry account specified in this Agreement. The Bank is entitled to take measures as stated in the Market Rules or similar measures as the relevant CCP under its clearing rules in respect of failed deliveries. The Physical Deliveries of securities, arising from transactions, to or from the customer's book-entry account are subject to currently valid general terms of book-entry accounts and safe custody of securities, and general terms and conditions governing bond trading.
