The trading of currencies and commodities in its own name and on its own account. It may engage in any commercial, financial or operational activity that is directly or indirectly related to its corporate purpose and which promotes or facilitates its development. The company may in particular take participations in any Swiss or foreign financial, commercial or industrial companies or enterprises, in any form whatsoever. It may acquire, hold or sell real estate, or take participations in any real estate companies, in Switzerland or abroad. It may establish branches or subsidiaries and hold participations in other companies, in Switzerland or abroad. The company may engage in any intra-group financial transaction, in particular granting loans to its associates or other group companies, or providing securities to third parties to guarantee all debts of the group companies, even if such loans or securities would benefit its associates or other group companies and would be granted without consideration.
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