Common use of SPV Clause in Contracts

SPV. XXXXXX makes sure that all positions in Financial Instruments (other than Units and Debit Securities) are held by SPV and are booked in the administration of SPV. SPV holds these positions on instruction of DEGIRO directly for Client. Client accepts that the Financial Instruments held by SPV directly for Client, are for the risk and account of Client.

Appears in 8 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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SPV. XXXXXX makes sure that all positions in Financial Instruments (other than Units and Debit Securities) are held by SPV (as described in more detail below in article 17 (Asset Segregation SPV) and are booked in the administration of SPV. SPV holds these positions on instruction of DEGIRO directly for the Client. Client accepts that the Financial Instruments held by SPV directly for Client, the Client are for the risk and account of the Client.

Appears in 1 contract

Samples: Client Agreement

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