Common use of Appointment of Authorised Person(s Clause in Contracts

Appointment of Authorised Person(s. Instructions from Customer (a) For the purposes of making enquiries in relation to your CRC account, you may appoint one or more Authorised Person(s) from time to time by giving us no less than 7 days’ prior written notice. Such appointment shall be valid until we are notified otherwise in writing. (b) We are entitled to accept and execute instructions in respect of any transaction concerning your CRC account given by you either in person or by telephone (which need not have any call-back procedure), cable or telex or facsimile transmission or by electronic mail, SMS, the Internet or ATM (or by any other telecommunications or electronic mode of communication whatsoever) and:– (i) we may rely on such instructions given by you or any person purporting to be you provided such instructions were provided in accordance with our prescribed verification procedure prevailing at the time; (ii) we may require that instructions be confirmed in such manner as we may specify from time to time and we may in our reasonable discretion and without notice refuse to act on any such instructions until we receive such confirmation satisfactory to us; (iii) we may at our reasonable discretion require you to give written instructions (and any other documentary evidence of authority) in the case where the proceeds of any transactions (including placements) or any funds in the CRC account are to be credited or remitted to any account held with us but which is not in your name or to an account with another bank; (iv) we may elect not to act upon all or any part of your instructions where it results in the credit limit of your CRC account or the credit limit of any other facilities made available to you, including any additional credit granted pursuant to Clause 2(e) of this Agreement, being exceeded, but if we do so we may elect which of such orders to execute in whole or in part; (v) we shall be entitled to disclose in our reasonable discretion any and all information in connection with your CRC account if such information is sought by your Authorized Person(s); (vi) in the case of instructions and/ or enquiries (as the case may be) via the telephone we shall be entitled to ask questions about you and about the particulars of your CRC account to verify your identity, or that of your Authorized Person(s); (vii) you consent to us making records of all telephone conversations you or your Authorized Person(s)’ may have with us as evidence of instructions, enquiries and/or other verbal communications (as the case may be) from you or your Authorized Person(s); (viii) we may refuse to act on any instructions given by you or your Authorized Person(s); if such instructions are inconsistent with any Law or Regulation. (c) If there is any ambiguity, inconsistency or conflict in the instructions we receive from you or your Authorized Person(s), we may choose not to act upon them unless and until the ambiguity or conflict has been resolved to our satisfaction. (d) We shall not be required to effect instructions from you or your Authorized Person(s), except during banking hours on Business Days. In order to comply with such instructions we may, without giving prior notice, use the services of a correspondent bank. (e) We are authorized to treat as valid and binding on you or your Authorized Person(s) and to act on any instructions (whether oral or written or otherwise) purportedly given by you or your Authorized Person(s), without being obliged to enquire as to the identity or authority of the person(s) giving or purporting to give such instructions or the authenticity thereof, and regardless of the circumstances prevailing at the time of such instructions or the nature of the transaction and notwithstanding any error, misunderstanding, fraud, forgery or lack of clarity in the terms of such instructions, including but not limited to instructions given or purported to be given by you to us pursuant to:- (i) the use of the Telephone Banking Service; (ii) the use of any facsimile banking service; and (iii) the use of Citibank Online.

Appointment of Authorised Person(s. Instructions from Customer (a) For the purposes of making enquiries in relation to your CRC account, you may appoint one or more Authorised Person(s) from time to time by giving us no less than 7 days’ prior written notice. Such appointment shall be valid until we are notified notified otherwise in writing. (b) We are entitled to accept and execute instructions in respect of any transaction concerning your CRC account given by you either in person or by telephone (which need not have any call-back procedure), cable or telex or facsimile transmission or by electronic mail, SMS, the Internet or ATM (or by any other telecommunications or electronic mode of communication whatsoever) and:– (i) we may rely on such instructions given by you or any person purporting to be you provided such instructions were provided in accordance with our prescribed verification verification procedure prevailing at the time; (ii) we may require that instructions be confirmed confirmed in such manner as we may specify from time to time and we may in our reasonable discretion and without notice refuse to act on any such instructions until we receive such confirmation confirmation satisfactory to us; (iii) we may at our reasonable discretion require you to give written instructions (and any other documentary evidence of authority) in the case where the proceeds of any transactions (including placements) or any funds in the CRC account are to be credited or remitted to any account held with us but which is not in your name or to an account with another bank; (iv) we may elect not to act upon all or any part of your instructions where it results in the credit limit of your CRC account or the credit limit of any other facilities made available to you, including any additional credit granted pursuant to Clause 2(e) of this Agreement, being exceeded, but if we do so we may elect which of such orders to execute in whole or in part; (v) we shall be entitled to disclose in our reasonable discretion any and all information in connection with your CRC account if such information is sought by your Authorized Person(s); (vi) in the case of instructions and/ or enquiries (as the case may be) via the telephone we shall be entitled to ask questions about you and about the particulars of your CRC account to verify your identity, or that of your Authorized Person(s); (vii) you consent to us making records of all telephone conversations you or your Authorized Person(s)’ may have with us as evidence of instructions, enquiries and/or other verbal communications (as the case may be) from you or your Authorized Person(s); (viii) we may refuse to act on any instructions given by you or your Authorized Person(s); if such instructions are inconsistent with any Law or Regulation. (c) If there is any ambiguity, inconsistency or conflict conflict in the instructions we receive from you or your Authorized Person(s), we may choose not to act upon them unless and until the ambiguity or conflict conflict has been resolved to our satisfaction. (d) We shall not be required to effect instructions from you or your Authorized Person(s), except during banking hours on Business Days. In order to comply with such instructions we may, without giving prior notice, use the services of a correspondent bank. (e) We are authorized to treat as valid and binding on you or your Authorized Person(s) and to act on any instructions (whether oral or written or otherwise) purportedly given by you or your Authorized Person(s), without being obliged to enquire as to the identity or authority of the person(s) giving or purporting to give such instructions or the authenticity thereof, and regardless of the circumstances prevailing at the time of such instructions or the nature of the transaction and notwithstanding any error, misunderstanding, fraud, forgery or lack of clarity in the terms of such instructions, including but not limited to instructions given or purported to be given by you to us pursuant to:- (i) the use of the Telephone Banking Service; (ii) the use of any facsimile banking service; and (iii) the use of Citibank Online.

Appointment of Authorised Person(s. Instructions from Customer (a) For the purposes of making enquiries in relation to your CRC account, you may appoint one or more Authorised Person(s) from time to time by giving us no less than 7 days’ prior written notice. Such appointment shall be valid until we are notified otherwise in writing. (b) We are entitled to accept and execute instructions in respect of any transaction concerning your CRC account given by you either in person or by telephone (which need not have any call-back procedure), cable or telex or facsimile transmission or by electronic mail, SMS, the Internet or ATM (or by any other telecommunications or electronic mode of communication whatsoever) and:– (i) we may rely on such instructions given by you or any person purporting to be you provided such instructions were provided in accordance with our prescribed verification procedure prevailing at the time; (ii) we may require wemayrequire that instructions be confirmed in such manner as we may wemay specify from time to time and we may in our reasonable discretion and without notice refuse to act on any such instructions until we receive such confirmation satisfactory to us; (iii) we may at our reasonable discretion require you to give written instructions (and any other documentary evidence of authority) in the case where the proceeds of any transactions (including placements) or any funds in the CRC account are to be credited or remitted to any account held with us but which is not in your name or to an account with another bank; (iv) we may elect not to act upon all or any part of your instructions where it results in the credit limit of your CRC account or the credit limit of any other facilities made available to you, including any additional credit granted pursuant to Clause 2(e) of this Agreement, being exceeded, but if we do so we may elect which of such orders to execute in whole or in part; (v) we shall be entitled to disclose in our reasonable discretion any and all information in connection with your CRC account if such information is sought by your Authorized Person(s); (vi) in the case of instructions and/ or enquiries (as the case may be) via the telephone we shall be entitled to ask questions about you and about the particulars of your CRC account to verify your identity, or that of your Authorized Person(s); (vii) you consent to us making records of all telephone conversations you or your Authorized Person(s)’ may have with us as evidence of instructions, enquiries and/or other verbal communications (as the case may be) from you or your Authorized Person(s); (viii) we may refuse to act on any instructions given by you or your Authorized Person(s); if such instructions are inconsistent with any Law or Regulation. (c) If there is any ambiguity, inconsistency or conflict in the instructions we receive from you or your Authorized Person(s), we may choose not to act upon them unless and until the ambiguity or conflict has been resolved to our satisfaction. (d) We shall not be required to effect instructions from you or your Authorized Person(s), except during banking hours on Business Days. In order to comply with such instructions we may, without giving prior notice, use the services of a correspondent bank. (e) We are authorized to treat as valid and binding on you or your Authorized Person(s) and to act on any instructions (whether oral or written or otherwise) purportedly given by you or your Authorized Person(s), without being obliged to enquire as to the identity or authority of the person(s) giving or purporting to give such instructions or the authenticity thereof, and regardless of the circumstances prevailing at the time of such instructions or the nature of the transaction and notwithstanding any error, misunderstanding, fraud, forgery or lack of clarity in the terms of such instructions, including but not limited to instructions given or purported to be given by you to us pursuant to:- (i) the use of the Telephone Banking Service; (ii) the use of any facsimile banking service; and (iii) the use of Citibank Online.