Common use of Custody of Financial Instruments Clause in Contracts

Custody of Financial Instruments. The Client’s financial instruments are held in custody in a nominee account of the Royal Bank of Canada in Luxembourg. The Company is the holder of the nominee account. Notwithstanding what is mentioned above, the Company has the right to hold the Client’s financial instruments in custody also in another Finnish or foreign credit facility or investment services company of its choosing or in some other reliable manner. The Company shall keep a Client-specific securities account for the Client’s hold- ings. The account is maintained in a reliable manner and ensuring that the exact date of each entry indicating a right made into the account can be reliably ascertained.

Custody of Financial Instruments. The Client’s financial instruments are held in custody in a nominee account of the Royal Bank of Canada in Luxembourg. The Company is the holder of the nominee account. Notwithstanding what is mentioned above, the Company has the right to hold the Client’s financial instruments in custody also in another Finnish or foreign credit facility or investment services company of its choosing or in some other reliable manner. The Company shall keep a Client-specific securities account for the Client’s hold- ingsholdings. The account is maintained in a reliable manner and ensuring that the exact date of each entry indicating a right made into the account can be reliably ascertained.