Securities loan agreement

In the loan agreement between the UCITS capital management company and the securities loan borrower, the following must in particular be determined, in addition to the arrangements required under section 200:
1. the obligation of the securities loan borrower to pay the income from the securities received as a securities loan to the depositary for the account of the domestic UCITS on the due date;
2. the obligation of the securities loan borrower to restitute shares received as a securities loan to the UCITS capital management company in good time for it to exercise the rights represented by the shares; this does not apply to claims to a share in profits; the obligation to restitute is not required where the UCITS capital management company has been authorised to exercise the voting rights arising from the shares and can exercise the voting rights, and
3. the rights of the UCITS capital management company where the securities loan borrower does not perform its obligations in good time.