The company's purpose is: a) to grant guarantees in favor of the creditors of bonds issued by the company's main shareholder or by the main shareholder's group companies, whether or not it receives adequate consideration; the granting of these guarantees is based on guarantee mandates with the respective bond issuer; b) to grant financial assistance, credit guarantees or other intercessions in favor of its main shareholder or the main shareholder's group companies, whether or not it receives adequate consideration; c) to acquire, hold, manage, realize and dispose of claims from Lombard loans (including the securities pledged for such Lombard loan claims, as well as other claims derived from and related to such Lombard loan claims), which are transferred to the company as security for its claims in connection with the guarantee mandates and related contracts, as well as to manage and dispose of the corresponding proceeds; d) to fulfill obligations under contracts entered into by the company with its main shareholder, the main shareholder's group companies or third parties, which it has entered into or will enter into in connection with the transactions referred to in (a) - (c), and to enter into such contracts, regardless of whether it receives adequate consideration; and e) to provide liquidity to fulfill obligations towards creditors of bonds issued by its main shareholder or the main shareholder's group companies, or towards third parties under contracts related to transactions under (a) - (d), by concluding repurchase transactions with the main shareholder, the main shareholder's group companies or third parties. The company may not engage in transactions that do not directly or indirectly serve the company's purpose. In particular, it is prohibited from acquiring, holding, managing, realizing or disposing of real estate and intellectual property rights in Switzerland and abroad. It may not establish branches or group companies and may not participate in other companies. It may not grant guarantees or other personal securities to third parties, except in connection with bonds issued by the main shareholder or the main shareholder's group companies. It may not have any employees or premises.