Your Securities. 1. All client assets are held by the Product Provider appointed by us in a nominee account with an approved third party’s custodian. When considering where assets are held the Product Provider will exercise all due skill, care and diligence and will periodically review the adequacy and appropriateness of any custodian where client assets are deposited. Your assets will be pooled with those of other clients, and as a result your holding may not be individually identifiable on the relevant company register.
Your Securities. The Custodian that holds Securities that you have acquired through our Services will have legal title to those Securities and will hold those Securities in its name – in other words, the Custodian’s name will appear on all registers, etc. that show who the owner of those Securities is. However, you will be the beneficial owner of those Securities – in other words, as between you, us and the Custodian, you are the ultimate owner of those Securities.
Your Securities may not have an active trading market; the aggregate nominal amount of Securities outstanding at anytimemaybe significantly less than that outstanding on the issue date, and this could have a negative impact on your ability to sell your Securities in the secondarymarket Unless we expressly tell you otherwise, or to the extent that the rules of any stock exchange on which the Securities are listed and admitted to trading require us to provide liquidity in respect of the Securities, there may be little or no secondary market for your Securities and you may be unable to sell them. If we do make a market for the Securities, we may cease to do so at any time without notice to you and we are not obligated to provide any quotation of bid or offer price(s) of the Securities which is favourable to you. For those Securities for which an application will be or ha s been made to be listed and admitted to trading on a stock exchange, we give no assurance that such application will be accepted, that any particular Securities will be so admitted, or that an active trading market in the Securities will develop. We may discontinue any such listing at any time. Even if a secondary market for your Securities develops, it may not provide significant liquidity and transaction costsin any secondary market could be high. As a result, the difference between bid and asked prices for your Securities in any secondary market could be substantial. See a lso risk factor 5.2 (The value and quoted price of your Securities (if any) at any time will reflect many factors and cannot be predicted) above. There may be less liquidity in the secondary market for the Securities also if they are exclusively offered to retail investors without any offer to institutional investors. If so indicated in the Issue Terms, on the issue date a specified amount of Securities will be issued to and made available for sale by GSI (or any other appropriately licensed affiliate), acting as dealer, and may be listed and admitted to trading on a stock exchange for purchase by investors. However, the Issuer and GSI (or any other appropriately licensed affiliate), acting as dealer, reserve the right to cancel some or all of the Securities held by GSI (or any other appropriately licensed affiliate) at any time prior to the final maturity of the Securities. Accordingly, the aggregate nominal amount of Securities outstanding at any time may be significantly less than that outstanding on the Issue Date, and this could h...
Your Securities. The Custodian that holds Securities that you have acquired through our Services will have legal title to those Securities and will hold those Securities in its name – in other words, the Custodian’s name will appear on all registers, etc. that show who the owner of those Securities is. However, you will be the beneficial owner of those Securities – in other words, as between you, us and the Custodian, you are the ultimate owner of those Securities. Corporate actions A person who holds Securities may from time to time be invited to cast votes in relation to the company whose Securities those are, attend meetings of those companies, subscribe for additional Securities and/ or to take other actions, all on account of the fact that that person is a holder of those Securities. These are sometimes referred to as “corporate actions”. The registered holder of those Securities will be informed of these corporate actions (i.e. the Custodian in this case). You hereby:
