Common use of Excluded accounts and transactions Clause in Contracts

Excluded accounts and transactions. 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 this account. 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). Similarly, each of the parties may exclude certain transactions, in particular to avoid the current account novation effect. Lastly, if some transactions have given rise to accounting entries made automatically to the account due to IT constraints, said entries may be recovered.

Excluded accounts and transactions. 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 this account. 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). SimilarlySimilarly , each of the parties may exclude certain transactions, in particular to avoid the current account novation effect. LastlyLastly , if some transactions have given rise to accounting entries made automatically to the account due to IT constraints, said entries may be recovered.