Common use of SPV Clause in Contracts

SPV. Finst uses SPV to hold Digital Assets for the clients of Finst and money for Finst. SPV is a passive entity that does nothing else but holding Digital Assets and money. In this way, the positions in Digital Assets are segregated from the capital of Finst and remain available for the clients of Finst, even after insolvency of Finst. Finst is fully authorised by SPV to act and contract on behalf of SPV. Finst enters into this Crypto Services Agreement for itself and on behalf of SPV. All communication and instructions between Client and SPV go through Finst as authorised representative of SPV.

Appears in 4 contracts

Samples: Crypto Services Agreement, Crypto Services Agreement, Crypto Services Agreement

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