Custody services are provided on the basis instructions of authorized employees of the client including trustees. Instructions can be issued to the depositary in electronic format (SWIFT, telex, IMBlink) or, if electronic means of communications are not available to the client, in writing on paper. Issuing instructions by fax is only permitted under a special agreement between the depositary and the depositor, with subsequent provision of the originals in an agreed manner.
Instructions issued using SWIFT, telex or fax must contain a key agreed upon between the depositor and UniCredit Bank in advance. Orders on printed media must be signed by persons authorized by the depositor and bear a seal conforming to the signature and seal specimen provided by the client in advance via specimen signature and stamp card.
The depositor can confer powers of attorney over the securities which are held in safekeeping and/or the rights to which are accounted for in the depository to another person, who is a trustee of the custody account one of those who signed an agreement with the depositary. A trustee can be any person who holds a license as a professional participant in the securities market.