Conception of collateralization


TEAM Treuhand GmbH was appointed by Lang & Schwarz Aktiengesellschaft to act as a trustee on behalf of the wikifolio holders under a trust agreement dated 20 February 2017. In a security agreement, also dated 20 February 2017, between Lang & Schwarz Aktiengesellschaft, Lang & Schwarz TradeCenter AG & Co. KG and TEAM Treuhand GmbH, the financial liabilities towards the wikifolio holders under the wikifolio index certificates sold were secured by pledges over


(a.) securities which were acquired on the basis of the wikifolio index certificates sold,
(b.) current account balances held at third-party banks, and
(c.) the balance of the current account credit in current accounts at the principal bank HSBC Continental Europe S.A., Germany.


You can find further information on how the wikifolio index certificates are hedged in the current Bericht on the audits carried out by TEAM Treuhand GmbH.