Third Party Security Interests

Client assets may be deposited with a third party who may have a security interest, lien or right of set off (together "liens") to the extent required by the applicable law in the jurisdiction where those assets are held, or for any fees arising from the provision of services by that third party. Details of the liens that may be held by third parties are provided below.

Type (a) liens: Assets held with this agent in this market are subject to a security interest which enables third parties such as the agent or CSD to sell our client assets in order to recover debts related to our clients, or provision of custody services to our clients.

Type (b) liens: Assets held with this agent in this market are subject to a security interest which is required by law in the relevant jurisdiction. Such security interests may enable third parties such as the agent or CSD to sell our client assets for debts which are not related to our clients, or provision of custody services to our clients.

The table below sets out HSBC Bank plc's current understanding of the third-party security interests that may exist over clients' safe custody assets. We may periodically update this page to reflect important changes, including the agents used in each market. HSBC Bank plc provides information on this page to comply with applicable regulatory requirements and for general information purposes only. The content of this page does not constitute investment advice or any form of recommendation and you are solely responsible for making your own independent appraisal of and investigations into products, investments and transactions.

* For certain clients, the security interests over safe custody assets may be both an (a) and (b) lien – please contact your Client Relationship Manager if you require further information.

Clients that have appointed HSBC Continental Europe (HSBC France changed its legal name to HSBC Continental Europe on 1 December 2020) as their custodian or depositary will hold financial instruments in a securities account with HSBC Continental Europe or one of its branches. HSBC Continental Europe has appointed HSBC Bank plc as a global sub-custodian and has granted a lien to HSBC Bank plc, as the global sub-custodian. This lien is stated in the table below. Additionally HSBC Bank plc has granted liens to the sub-custodians that HSBC Bank plc have appointed to hold financial instruments in each market. For transparency purposes, these liens are included in the table above, and the sub-custodian chain where financial instruments are held is documented in the statements issued to clients of HSBC Continental Europe.