Common use of Terms of the Deposit Clause in Contracts

Terms of the Deposit. 2.1 Type of deposit: Term deposit 2.2 Deposit amount: (respective currency) 2.3 Term: Days 2.4 Date of closing: Day/month (in words)/year 2.5 Interest rate: Annual % 2.5.1 Effective interest rate: 2.5.2 Type of IR: Annual % Fixed 2.6 Number of automatic renewals: 2.7 Type of automatic renewal: With capitalization/Without capitalization 2.8 Maturity date of automatically renewed deposit: Day/month (in words)/year 2.9 Interest payment frequency: Immediately/Monthly/At the end of the term 2.10 Deposit account number: 2.11 Account where to transfer the deposit: 2.12 Account where to pay the interest: 2.13 Adding on: Not allowed 2.14 Minimum initial deposit for opening the account: 2.15 Minimum requirements for receiving the interest: 2.16 Account from which to transfer the deposit amount: 100 (respective currency) 100 (respective currency) 2.17 Withdrawal charge: If the deposit is cancelled within 1 (one) month from the date of opening, the withdrawal charge will be 0.2% GEL 0.25% USD/EUR/GBP of the deposit amount. If the deposit is cancelled after 1 (one) month from the date of opening, the withdrawal charge will be 0%.