Common use of PROCEDURE FOR CASH AND SETTLEMENT SERVICES Clause in Contracts

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank. 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank. 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank. 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.completed

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank.Current 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank. 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.:

PROCEDURE FOR CASH AND SETTLEMENT SERVICES. 5.1.2.1. The Bank carries out Cash and Settlements Transactions on Client's Current Account in accordance with the procedure, terms and conditions stipulated in the Agreement, Banking Services Application/Application on changing Banking Services terms, Bank Service Fees, other agreements between the Client and the Bank, and in accordance with the Legislation. 5.1.2.2. The Client may use all settlements formats that do not contradict the Legislation. 5.1.2.3. The funds which Client receives are credited by the Bank on the Client's Current Account in the terms and in the manner prescribed by the Legislation. 5.1.2.4. The Bank executes the Client's instruction to transfer funds from the Current Account, which do not contradict the requirements of the Legislation, within the terms and in accordance with the procedure established by the Legislation. 5.1.2.5. Unless otherwise provided by the Agreement, the Settlements Documents, specified by the Legislation, shall be used in order to write-off funds from the Current Account. 5.1.2.6. The Client may provide the Bank with the hard copies (originals) of the Settlement Documents on transferring funds from the Current Account or he might be using electronic Settlement Documents in accordance with the terms of this Agreement and the requirements of the Legislation. 5.1.2.7. The Settlement Documents must contain all the necessary requisites, required for such Settlement Documents in accordance with the Legislation and internal Bank documents. 5.1.2.8. The Bank shall not be held liable for the correctness of debtor’s and creditor's banking details, their account numbers and any other information contained in the Settlement Document. In the event of any errors in the Settlement Document, the Bank shall not be held liable for any damage or loss incurred by the Client and/or any third party as a result of the Bank executing such a Settlement Document. 5.1.2.9. The Bank executes the Settlement Documents in the national currency in accordance with the order of their receipt and taking into account the results of the internal bank inspections, provided by the legislation and internal Bank documents, within the Client's Current Account balance, taking into account the amounts received on the Client's Current Account during the Transaction time, unless otherwise established by this Agreement or other agreements between the Client and the Bank. 5.1.2.10. The Bank executes the Settlement Documents in foreign currency in the order and within the terms stipulated by the legislation and internal Bank documents. 5.1.2.11. The Bank shall return the Settlement Document submitted by the Client without execution on the occurrence of any of the following: (і) there are no accompanying documents, which should be submitted together with the Settlement Document, as provided by the Legislation, or such supporting documents have already expired; or (іі) The Settlement Document and/or the accompanying documents are executed in violation of the legislation, including NBU regulations and/or internal Bank rules, or (iіі) the Settlement Document cannot be executed due to a shortage of funds on the Current Account, or (iv) from other grounds stipulated by the legislation and/or this Agreement. 5.1.2.12. The Bank has the right to suspend the execution of an operation on the Current Account or to refuse a Client to execute operations on the Current Account on the occurrence of any of the following: (і) if the Bank has doubts regarding the powers of the persons who signed the Settlement Document and/or the Client's application for purchase, exchange and/or sale of foreign currency, and the Client failed to provide duly completed documents confirming their authority; or if the Bank has doubts that the Settlement Document and/or the Client's application for the purchase, exchange and/or sale of foreign currency is signed by an authorized person of the Client, and not as a result of the interference of third parties in the operation of the Client-Bank System or (іі) if the Bank has sufficient grounds to believe that Client's financial transaction/s may be related to legalization (laundering) of the proceeds of crime, terrorist financing, and financing proliferation of weapons of mass destruction; (ііі) it is impossible to identify (verify) the Client in accordance with the Legislation and/or internal Bank documents, including Client's failure to provide the necessary documents or information to determine the essence of his activities, financial situation or intentional misrepresentation by the Client; (iv) other cases stipulated by the Agreement and/or by the Legislation. 5.or