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forwarding
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fehlt
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fehlt
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for|warding
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BGB 676 The termination of a contract for the management of the affairs of another whose subject matter is the forwarding of securities or of claims to the delivery of securities by way of booking or by other means ( transfer contract ) is only effective if it is notified to the custodian enterprise of the beneficiary in such good time that the notice of termination , if the appropriate care is exercised , can be taken into account prior to booking to the securities account of the beneficiary . The securities or the claims to delivery of securities are in this case to be returned to the enterprise originally entrusted with them . In connection with securities delivery and clearing systems , a transfer contract may , notwithstanding sentence 1 , no longer be terminated after the time specified in the rules of the system .
BGB 676e. 4 Banking institutions involved in forwarding a transfer amount and not liable for compensation must independently research the whereabouts of the transfer amount and return the transfer amount they trace to the person entitled to the claim , less reasonable compensation for their research .
BGB 676e. 5 Where claims fail because the transferor specified the banking institution commissioned with forwarding , then the banking institution must put the transferor in the same position he would be in if section 676b ( 3 ) applied . Apart from this , section 676b ( 4 ) applies with the necessary modifications .