Depositor's claims to delivery in collective safe custody

(1) In the case of collective safe custody, the depositor may demand that securities be delivered to it out of the collective holding in an amount equal to the nominal amount, or, for securities without a nominal amount, the number of units, of the securities taken into custody for it; it may not reclaim the particular certificates it deposited.
(2) The collective custodian may refuse delivery to the extent that the quantity due to the depositor under section 6 has been reduced as a result of a loss to the collective holding. It is liable to the depositor for the shortfall, unless the loss to the collective holding is due to circumstances for which it is not responsible.