Common use of DEPOSIT OF SECURITIES BY MEMBERS Clause in Contracts

DEPOSIT OF SECURITIES BY MEMBERS. Deposits of government securities and shares must be made in the CC&G securities accounts at the Centralized Depositary Service managed by Monte Titoli and sub-registered in the Clearing Member’s name, through the transmission of the FoP instructions subject to the matching. For this purpose, the Clearing Member or his Settlement Agent should insert the “FoP delivery” instruction and send a specific communication via e-mail to CC&G not later that 17:00, as indicated in the Annex B.331. The communication should be sent to the email address xxxxxxxx.xxxxxxxxxx@xxx.xx and it should be contain the information below: - Sender Account: indicate the account number from which the securities shoud be transferred; - Beneficiary Account: indicate the securities account number, open in CC&G at Monte Titoli and sub- registered in the Clearing Member’s name, where the securities should be deposited; - ISIN code: indicate the ISIN code of the financial instrument; - Description: indicate the description of the financial instrument; - Nominal value: indicate the nominal value of the financial instrument to be deliver; - Trade Date: it is always the current day; - Settlement Date: it is always the current day; - Settlement condition: NOMC. The deposit of the financial instruments should take place only after the matching made by CC&G through the insert of the “FoP receive” instruction. Deposits must be made on the CC&G securities accounts, opened at Monte Titoli on request of the Clearing Member in relation to one or more of the following accounts opened in the CC&G system: - House Account; - MOA account; - ISA account; - AOA account; - NOSA account; - XXXX account. Furthermore, for the Equity Derivatives Section, the Clearing Member can ask CC&G to open at Monte Titoli a pair of securities accounts (House and Client accounts) for each of his Trading Clients registred into the MOA account. Such accounts will be used exclusively to deposit shares to cover short call options and short stock futures to be phisically delivered (see Articles B.3.3.3 and B.3.3.5 of the instructions). Pursuant to Article B.3.3.5, paragraph 2, of the Instructions, the request to open the securities accounts will have to be sent to CC&G at least five CC&G working days before.

DEPOSIT OF SECURITIES BY MEMBERS. Deposits of government securities and shares must be made in the CC&G securities accounts at the Centralized Depositary Service managed by Monte Titoli and sub-registered in the Clearing Member’s name, through the transmission of the FoP instructions subject to the matching. For this purpose, the Clearing Member or his Settlement Agent should insert the “FoP delivery” instruction and send a specific communication via e-mail to CC&G not later that 17:00, as indicated in the Annex B.331. The communication should be sent to the email address xxxxxxxx.xxxxxxxxxx@xxx.xx and it should be contain the information below: - Sender Account: indicate the account number from which the securities shoud be transferred; - Beneficiary Account: indicate the securities account number, open in CC&G at Monte Titoli and sub- registered in the Clearing Member’s name, where the securities should be deposited; - ISIN code: indicate the ISIN code of the financial instrument; - Description: indicate the description of the financial instrument; - Nominal value: indicate the nominal value of the financial instrument to be deliver; - Trade Date: it is always the current day; - Settlement Date: it is always the current day; - Settlement condition: NOMC. The deposit of the financial instruments should take place only after the matching made by CC&G through the insert of the “FoP receive” instruction. Deposits must be made on the CC&G securities accounts, opened at Monte Titoli on request of the Clearing Member in relation to one or more of the following accounts opened in the CC&G system: - House Account; Account - MOA account; account - ISA accounts (a couple of accounts, one for the “House” and one for the “Client” account; , for each ISA account) - AOA accounts (one account for each AOA account; - NOSA account; - XXXX account. ) Furthermore, for the Equity Derivatives Section, the Clearing Member can ask CC&G to open at Monte Titoli a pair of securities accounts (House and Client accounts) for each of his Trading Clients Non-Clearing Members registred into the MOA account. Such accounts will be used exclusively to deposit shares to cover short call options and short stock futures to be phisically delivered (see Articles B.3.3.3 and B.3.3.5 of the instructions). Pursuant to Article B.3.3.5, paragraph 2, of the Instructions, the request to open the securities accounts will have to be sent to CC&G at least five CC&G working days before.