Common use of Custody Services Clause in Contracts

Custody Services. After Your Buy Order in a Financial Instrument is executed, You automatically authorise us to safekeep and administer this Financial Instrument on Your behalf (and for your risk and account) until the moment You sell it. We call this the Custody of Your Financial Instruments. All Financial Instruments shown in Your Invest Pocket are held in Custody for You by Vivid NL. All Financial Instruments we hold in Custody for Our Clients are held in accordance with the provisions of the Dutch Securities Giro Act (Wet giraal effectenverkeer, Wge). By doing so, Clients’ Financial Instruments are legally segregated by operation of law from the estate of Vivid NL itself. This ensures that Financial Instruments of Clients that We hold in Custody fall outside the bankruptcy estate of Vivid NL in the event We go bankrupt. However, please be aware that Vivid NL may use third parties to act as sub-custodians holding Your Financial Instruments and that Vivid NL is not liable for the loss of such Financial Instruments as a consequence of the bankruptcy or any acts or omissions of such third parties. Please carefully read the Risk Disclosure Document to see what this means for You. Any investment in Financial Instruments with Vivid NL may fall under the protection of the Dutch Investor Compensation Scheme (ICS). See more information about the ICS in Article 23 below.

Custody Services. After Your Buy Order in a Financial Instrument is executed, You automatically authorise us to safekeep and administer this Financial Instrument on Your behalf (and for your Your risk and account) until the moment You sell it. We call this the Custody of Your Financial Instruments. All Financial Instruments shown in Your Invest Pocket Investment Account are held in Custody for You by Vivid NL. All Financial Instruments we hold in Custody for Our Clients are held in accordance with the provisions of the Dutch Securities Giro Act (Wet giraal effectenverkeer, Wge). By doing so, Clients’ Financial Instruments are legally segregated by operation of law from the estate of Vivid NL itself. This ensures that Financial Instruments of Clients that We hold in Custody fall outside the bankruptcy estate of Vivid NL in the event We go bankrupt. However, please be aware that Vivid NL may use third parties to act as sub-custodians holding Your Financial Instruments and that Vivid NL is not liable for the loss of such Financial Instruments as a consequence of the bankruptcy or any acts or omissions of such third parties. Please carefully read the Risk Disclosure Document on the Website to see what this means for You. Any investment in Financial Instruments with Vivid NL may fall under the protection of the Dutch Investor Compensation Scheme (ICS). See more information about the ICS in Article 23 Clause 25.1 below.