Trading (including the business of a market maker and a specialist) on domestic and foreign exchanges or markets with shares, bonds, mortgage bonds, financial instruments, options and derivatives thereof, trading in precious metals and other securities, as well as participation in, investment in, management of and other forms of involvement in other companies of any kind, and furthermore, financing third parties and providing guarantees in any form, including the guaranteeing of third-party liabilities, and finally, all activities that are connected with or useful to the aforementioned, in the broadest sense of the word. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for third-party account, as well as enter into guarantees and sureties for subsidiaries and third parties.