The purpose of the company is to market and distribute financial instruments and to advertise services provided by companies of the group, to the extent that such advertising does not fall under regulated activities. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may grant direct or indirect financing to companies in which it has a direct or indirect interest, or to direct or indirect shareholders of such companies, or to companies in which such shareholders have a direct or indirect interest, whether by way of loans or other financing or by providing guarantees of any kind, whether against payment or not. The company may also conclude cash pooling agreements with other group companies. The company may acquire, encumber, hold, manage, exploit and sell real estate and intellectual property rights in Switzerland and abroad. The company may carry out all commercial, financial and other activities that appear to be suitable for promoting the purpose of the company or that are connected with it.