Common use of CATEGORISATION Clause in Contracts

CATEGORISATION. In accordance with the regulations in effect, the Bank has a duty to classify its clients into one of the f ollowing categories: “Retail client”, “Business client” or “Eligible counterparty”. Natural persons acting for non-professional purposes are considered by the Bank to be “retail clients” within the meaning of the AMF General Regulation and therefore benef it from the most protective risk assessment and management measures. Depending on the category in which the Client is placed, a letter will be sent to inform the Client of his/her status as a retail client, business client or eligible counterparty as well as the consequences of this classific ation and the possibility of changing categories, with the understanding that the Bank is not obliged to grant the client’s request.

CATEGORISATION. In accordance with the regulations in effect, the Bank has a duty to classify its clients into one of the f ollowing following categories: “Retail client”, “Business client” or “Eligible counterparty”. Natural persons acting for non-professional purposes are considered by the Bank to be “retail clients” within the meaning of the AMF General Regulation and therefore benef it benefit from the most protective risk assessment and management measures. Depending on the category in which the Client is placed, a letter will be sent to inform the Client of his/her status as a retail client, business client or eligible counterparty as well as the consequences of this classific ation classification and the possibility of changing categories, with the understanding that the Bank is not obliged to grant the client’s request.

CATEGORISATION. In accordance with the regulations in effect, the Bank has a duty to classify its clients into one of the f ollowing following categories: “Retail Non-business client”, “Business client” or “Eligible counterparty”. Natural The Bank considers natural persons acting for non-professional business purposes are considered "non-business customers" as defined by the Bank to be “retail clients” within the meaning of the AMF General Regulation and therefore benef it Regulations. As such, they benefit from the most protective highest-protection scheme in relation to valuation and risk assessment and management measuresmanagement. Depending on the category in which the Client is placed, a letter will be sent expedited to inform the Client him of his/her his status as a retail client, business client or eligible counterparty as well as the consequences of this classific ation classification and the possibility of changing categories, with the understanding provision that the Bank bank is not obliged bound to grant act on the client’s 's request.