Common use of Safekeeping of Securities Clause in Contracts

Safekeeping of Securities. 4.1 Any securities which are held by you for safekeeping may, at your discretion • (in the case of registrable securities) be registered in my/our name or in the name of your nominee; or • Be deposited in safe custody in a designated account with your bankers or with any other institution which provides facilities for the safe custody of documents. In the case of securities in Hong Kong, such institution shall be acceptable to the SFC as a provider of safe custody service. 4.2 Where securities are not registered in my/our name, any dividends or other benefits arising in respect of such securities shall, when received by you, be credited to my/our Account or paid or transferred to me/us, as agreed with you. Where the securities form part of a larger holding of identical securities held for your clients, I/we shall be entitled to the same share of the benefits arising on the holding as my/our share of the total holding. 4.3 You do not have my/our written authority under section 6 of the Securities and Futures (Client Securities) Rules to: (a) deposit any of my/our securities with a banking institution as collateral for an advance or loan made to you, or with the Clearing House as collateral for the discharge of your obligations under the clearing system; (b) borrow or lend any of my/our securities; or (c) otherwise part with possession (except to me/us or any my/our instructions) of any of my/our securities for any purpose.

Safekeeping of Securities. 4.1 Any securities which are held by you for safekeeping may, at your discretion •  (in the case of registrable securities) be registered in my/our name or in the name of your nominee; or •  Be deposited in safe custody in a designated account with your bankers or with any other institution which provides facilities for the safe custody of documents. In the case of securities in Hong Kong, such institution shall be acceptable to the SFC as a provider of safe custody service. 4.2 Where securities are not registered in my/our name, any dividends or other benefits arising in respect of such securities shall, when received by you, be credited to my/our Account or paid or transferred to me/us, as agreed with you. Where the securities form part of a larger holding of identical securities held for your clients, I/we shall be entitled to the same share of the benefits arising on the holding as my/our share of the total holding. 4.3 You do not have my/our written authority under section 6 of the Securities and Futures (Client Securities) Rules to: (a) deposit any of my/our securities with a banking institution as collateral for an advance or loan made to you, or with the Clearing House as collateral for the discharge of your obligations under the clearing system; (b) borrow or lend any of my/our securities; or (c) otherwise part with possession (except to me/us or any my/our instructions) of any of my/our securities for any purpose.

Safekeeping of Securities. 4.1 Any securities which are held by you for safekeeping may, at your discretion • (in the case of registrable securities) be registered in my/our name or in the name of your nominee; or • Be be deposited in safe custody in a designated account with your bankers or with any other institution which provides facilities for the safe custody of documents. In the case of securities in Hong Kong, such institution shall be acceptable to the SFC as a provider of safe custody service. 4.2 Where securities are not registered in my/our name, any dividends or other benefits arising in respect of such securities shall, when received by you, be credited to my/our Account or paid or transferred to me/us, as agreed with you. Where the securities form part of a larger holding of identical securities held for your clients, I/we shall be entitled to the same share of the benefits arising on the holding as my/our share of the total holding. 4.3 You do not have my/our written authority under section 6 of the Securities and Futures (Client Securities) Rules to: (a) deposit any of my/our securities with a banking institution as collateral for an advance or loan made to you, or with the Clearing House as collateral for the discharge of your obligations under the clearing system; (b) borrow or lend any of my/our securities; or (c) otherwise part with possession (except to me/us or any my/our instructions) of any of my/our securities for any purpose.

Safekeeping of Securities. 4.1 Any securities which are held by you for safekeeping may, at your discretion • (in the case of registrable securities) be registered in my/our name or in the name of your nominee; or • Be be deposited in safe custody in a designated account with your bankers or with any other institution which provides Provides facilities for the safe custody of documents. In the case of securities in Hong Kong, such institution shall be acceptable to the SFC as a provider of safe custody service. 4.2 Where securities are not registered in my/our name, any dividends or other benefits arising in respect of such securities Securities shall, when received by you, be credited to my/our Account or paid or transferred to me/us, as agreed with you. Where the securities form part of a larger holding of identical securities held for your clients, I/we shall be entitled to the same share of the benefits arising on the holding as my/our share of the total holding. 4.3 You do not have my/our written authority under section 6 of the Securities and Futures (Client Securities) Rules to: (a) deposit any of my/our securities with a banking institution as collateral for an advance or loan made to you, or with the Clearing House as collateral for the discharge of your obligations under the clearing system; (b) borrow or lend any of my/our securities; or (c) otherwise part with possession (except to me/us or any my/our instructions) of any of my/our securities for any purpose.