CERTIFICATE OF DEPOSIT AS COLLATERAL. In case the deposit is used as collateral to secure a liability with THE BANK, the following conditions shall apply: 1. The deposit must guarantee one hundred and ten percent (110%) of the acquired liability. 2. The interest rate to charge for the facility secured with this deposit shall be the one resulting from adding two (2) percentage points to the deposit’s interest rate, plus any commissions of the facility. 3. An increase to the certificate of deposit’s rate shall equally affect the rate of the liability which it secures.
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Samples: Banking Products and Services Agreement, Banking Products and Services Agreement, Banking Products and Services Agreement
