Common use of Share Registration functions performed by JPMBI Clause in Contracts

Share Registration functions performed by JPMBI. The Bank will cause a JPMBI employee or agent, which may include the DCC to present to the relevant Registrar Company in person the documentation necessary to effect a transaction, including information from the Customer’s broker concerning the trade and a valid transfer instruction. The Registrar Contract will provide that the Registrar Company will effect the reregistration of the shares to reflect the Customer’s ownership and will issue to the JPMBI employee or agent a Share Extract reflecting the ownership of all the shares registered. Share Extracts are not securities and cannot be used to transfer ownership. They may, however, be useful in establishing proper ownership if any dispute arises as to the Customer’s ownership of certain shares. Only after receiving this Share Extract will the Customer pay for the Russian Securities. Equities generally will be held in the name of X.X. Xxxxxx Bank International (Limited Liability Company) as Nominal Holder. An omnibus account on the books of each Registrar Company will be established for X.X. Xxxxxx Bank International (Limited Liability Company) as Nominal Holder. Under an omnibus account, all assets held as nominal holder are maintained in a single account. Each omnibus account will contain only assets of JPMBI’s customers. Ownership of shares by JPMBI’s customers will be recorded on the books of JPMBI. To verify the holdings of its customers, JPMBI will compare the total shares held in the omnibus account according to the Registrar Company with the total shown on the books of JPMBI.

Share Registration functions performed by JPMBI. The Bank will cause a JPMBI employee or agent, which may include the DCC to present to the relevant Registrar Company in person the documentation necessary to effect a transaction, including information from the Customer’s 's broker concerning the trade and a valid transfer instruction. The Registrar Contract will provide that the Registrar Company will effect the reregistration re-registration of the shares to reflect the Customer’s 's ownership and will issue to the JPMBI employee or agent a Share Extract reflecting the ownership of all the shares registered. Share Extracts are not securities and cannot be used to transfer ownership. They may, however, be useful in establishing proper ownership if any dispute arises as to the Customer’s 's ownership of certain shares. Only after receiving this Share Extract will the Customer pay for the Russian Securities. Equities generally will be held in the name of X.X. Xxxxxx J.P. Morgan Bank International (Limited Liability Company) as Nominal HolderNxxxxxx Xxxxer. An omnibus account on the books of each Registrar Company will be established for X.X. Xxxxxx J.P. Morgan Bank International (Limited Liability Company) as Nominal HolderNxxxxxx Xxxxxx. Under an omnibus account, all assets held as nominal holder are maintained in a single account. Each omnibus account will contain only assets of JPMBI’s 's customers. Ownership of shares by JPMBI’s 's customers will be recorded on the books of JPMBI. To verify the holdings of its customers, JPMBI will compare the total shares held in the omnibus account according to the Registrar Company with the total shown on the books of JPMBI.

Share Registration functions performed by JPMBI. The Bank will cause a JPMBI employee or agent, which may include the DCC to present to the relevant Registrar Company in person the documentation necessary to effect a transaction, including information from the Customer’s 's broker concerning the trade and a valid transfer instruction. The Registrar Contract will provide that the Registrar Company will effect the reregistration re-registration of the shares to reflect the Customer’s 's ownership and will issue to the JPMBI employee or agent a Share Extract reflecting the ownership of all the shares registered. Share Extracts are not securities and cannot be used to transfer ownership. They may, however, be useful in establishing proper ownership if any dispute arises as to the Customer’s 's ownership of certain shares. Only after receiving this Share Extract will the Customer pay for the Russian Securities. Equities generally will be held in the name of X.X. Xxxxxx J.P. Morgan Bank International (Limited Liability Company) as Nominal HolderXxxxxxx Xxlder. An omnibus account on the books of each Registrar Company will be established for X.X. Xxxxxx J.P. Morgan Bank International (Limited Liability Company) as Nominal HolderXxxxxxx Xxxxxx. Under an omnibus account, all assets held as nominal holder are maintained in a single account. Each omnibus account will contain only assets of JPMBI’s 's customers. Ownership of shares by JPMBI’s 's customers will be recorded on the books of JPMBI. To verify the holdings of its customers, JPMBI will compare the total shares held in the omnibus account according to the Registrar Company with the total shown on the books of JPMBI.

Share Registration functions performed by JPMBI. The Bank will cause a JPMBI employee or agent, which may include the DCC to present to the relevant Registrar Company in person the documentation necessary to effect a transaction, including information from the Customer’s broker concerning the trade and a valid transfer instruction. The Registrar Contract will provide that the Registrar Company will effect the reregistration re-registration of the shares to reflect the Customer’s ownership and will issue to the JPMBI employee or agent a Share Extract reflecting the ownership of all the shares registered. Share Extracts are not securities and cannot be used to transfer ownership. They may, however, be useful in establishing proper ownership if any dispute arises as to the Customer’s ownership of certain shares. Only after receiving this Share Extract will the Customer pay for the Russian Securities. Equities generally will be held in the name of X.X. Xxxxxx Bank International (Limited Liability Company) as Nominal Holder. An omnibus account on the books of each Registrar Company will be established for X.X. Xxxxxx Bank International (Limited Liability Company) as Nominal Holder. Under an omnibus account, all assets held as nominal holder are maintained in a single account. Each omnibus account will contain only assets of JPMBI’s customers. Ownership of shares by JPMBI’s customers will be recorded on the books of JPMBI. To verify the holdings of its customers, JPMBI will compare the total shares held in the omnibus account according to the Registrar Company with the total shown on the books of JPMBI.