Payment and delivery

(1) The depositary must credit the following amounts of money to a blocked account established for the domestic UCITS: 1. the purchase price from the sale of assets of the domestic UCITS, 2. the income arising, 3. fees for securities lending, and 4. the option premium paid by a third party for an option right granted to it, and 5. other amounts of money due to the domestic UCITS.
(2) From the blocked accounts or custody accounts, the depositary carries out the following activities on the instructions of the UCITS management company, or of an undertaking performing the tasks of the UCITS management company under section 36(1), first sentence, point 3 or 4: 1. payment of the purchase price on the acquisition of securities or other assets, the provision and return of collateral for derivatives, securities lending, and repurchase transactions, payments of transaction costs and other fees, and settlement of other obligations arising from the management of the domestic UCITS, 2. delivery on the sale of assets, and delivery on the lending transfer of securities and any further delivery obligations, 3. distribution of the shares of profit to investors.
(3) The blocked accounts must be opened in the name of the domestic UCITS, in the name of the UCITS management company acting for the account of the domestic UCITS, or in the name of the depositary acting for the account of the domestic UCITS, and must be maintained in accordance with the principles set out in Article 16 of Directive 2006/73/EC. Where cash accounts are opened in the name of the depositary acting for the account of the domestic UCITS, no funds of the depositary itself may be credited to such accounts.
(4) For further details on the requirements for the monitoring of the UCITS's cash flows, reference is made to Article 10(1) of Delegated Regulation (EU) 2016/438.