Common use of Excluded accounts and transactions Clause in Contracts

Excluded accounts and transactions. Technical accounts that the Bank may decide to open in its books so as to isolate receivables held against the Client resulting in particular from outstanding payments, in view of their subsequent recovery, are excluded from the agreement. The following shall also be excluded: – accounts under special regimes due to the special regulations governing them; – unless otherwise stipulated, the accounts or sub-accounts that may record loans or lines of credit granted according to the terms of specific agreements and/or including special guarantee(s). Likewise, each of the parties may exclude certain transactions. Finally, when transactions have generated an automatic entry in the account due primarily to IT constraints, such entries may be corrected in order to be isolated, particularly if there are insufficient funds on the account or if the transaction results from of an error.

Excluded accounts and transactions. Technical accounts that the Bank may decide to open in its books so as to isolate receivables receiv xxxxx held against the Client resulting in particular from outstanding payments, in view v iew of their subsequent recovery, are excluded from the agreement. The following f ollowing shall also be excluded: – accounts under special regimes due to the special regulations governing them; – unless otherwise stipulated, the accounts or sub-accounts that may record loans or lines of credit granted according to the terms of specific agreements and/or including special guarantee(s). Likewise, each of the parties may exclude certain transactions. FinallyFinally , when transactions have hav e generated an automatic entry in the account due primarily to IT constraints, such entries may be corrected in order to be isolated, particularly if there are insufficient funds on the account or if the transaction results from of an error.

Excluded accounts and transactions. Technical accounts that the Bank may decide to open in its books so as to isolate receivables held against the Client resulting in particular from outstanding payments, in view of their subsequent recovery, are excluded from the agreement. The following shall also be excluded: – accounts under special regimes due to the special regulations governing them; – unless otherwise stipulated, the accounts or sub-accounts that may record loans or lines of credit granted according to the terms of specific agreements and/or including special guarantee(s). Likewise, each of the parties may exclude certain transactions. Finally, when transactions have generated an automatic entry in the account due primarily to IT constraints, such entries may be corrected in order to be isolated, particularly if there are insufficient funds on the account or if the transaction results from of an error.. Chapter 2 - Opening the account