SIX x-clear Ltd: Overview of Contractual Relationship with Members

(valid as of July 2020)

* The Contractual Relationship with the Member is subject to the law of the Contract for Clearing Services.<BR>** All matters relating to the irregular pledge and the dispositions in rem about the Permissible Collateral are regulated by the law of the place of deposit (i.e. Switzerland, Norway or Luxembourg).

* The Contractual Relationship with the Member is subject to the law of the Contract for Clearing Services.
** All matters relating to the irregular pledge and the dispositions in rem about the Permissible Collateral are regulated by the law of the place of deposit (i.e. Switzerland, Norway or Luxembourg).