Common use of TRANSACTIONS TERMS Clause in Contracts

TRANSACTIONS TERMS. 3.1. In order to execute an FX Transaction, the Customer is required to sign all documents the Bank deems necessary and that are required by the transaction. 3.2. The Bank is entitled but not required to accept the Customer’s Order for the execution of a transaction and previous practices or tactics do not constitute a precedent for a subsequent transaction. 3.3. For the execution of FX Transactions, the Bank collaborates with financial institutions in Romania, Greece and abroad which it liberally selects. 3.4. The Customer determines the FX Transaction type and the manner of execution. He also determines the length of time the Order is in effect for execution, which can be specific or good till cancelled, and its being in effect, or not, during non- Banking Days or hours of the Bank. Immediately after the confirmation of the deal with the Bank, the transaction has to be imputed and authorized in the system. 3.5. The Customer can buy foreign currency at the Bank’s selling rate (Ask) and/or can sell foreign currency at the Bank’s buying rate (Bid) in exchange for the counter value in the local currency or any other involved currency in the respective currency pair. 3.6. For the FX Transactions mentioned in paragraph 2.1 where one of the two currencies involved is in cash, the customer has the right to: i. Perform the transaction at the Official Foreign Exchange Rates of the Bank for cash transactions without paying additional fees or commissions. Exceptions may apply to specific Branches with increased transaction volumes and the customers will be duly notified in any such case. ii. Perform the transaction at the Official Foreign Exchange Rates of the Bank for non cash transactions and pay the applicable commissions for cash depositing or cash withdrawal as per the prevailing Bank’s Tariff. 3.7. For non cash FX Transactions with a nominal value above the threshold listed on the Bank’s website (Treasury section) , the Customer is not obliged, but has the right to ask for a negotiated FX rate for the specific transaction. When a negotiated FX rate is requested by the Customer, an Officer of the Bank, or the Customer, if he has been granted with direct access to the Bank’s Treasury, can communicate with Treasury describing the details of the Order and requesting an FX price.

TRANSACTIONS TERMS. 3.1. In order to execute an FX Transaction, the Customer is required to sign all documents the Bank deems necessary and that are required by the transaction. 3.2. The Bank is entitled but not required to accept the Customer’s Order for the execution of a transaction and previous practices or tactics do not constitute a precedent for a subsequent transaction. 3.3. For the execution of FX Transactions, the Bank collaborates with financial institutions in Romania, Greece and abroad which it liberally selects. 3.4. The Customer determines the FX Transaction type and the manner of execution. He also determines the length of time the Order is in effect for execution, which can be specific or good till cancelled, and its being in effect, or not, during non- Banking Days or hours of the Bank. Immediately after the confirmation of the deal with the Bank, the transaction has to be imputed and authorized in the system. 3.5. The Customer can buy foreign currency at the Bank’s selling rate (Ask) and/or can sell foreign currency at the Bank’s buying rate (Bid) in exchange for the counter value in the local currency or any other involved currency in the respective currency pair. 3.6. For the FX Transactions mentioned in paragraph paragraph 2.1 where one of the two currencies involved is in cash, the customer has the right to: i. Perform the transaction at the Official Foreign Exchange Rates of the Bank for cash transactions without paying additional fees or commissions. Exceptions may apply to specific Branches with increased transaction volumes and the customers will be duly notified in any such case. ii. Perform the transaction at the Official Foreign Exchange Rates of the Bank for non cash transactions and pay the applicable commissions for cash depositing or cash withdrawal as per the prevailing Bank’s Tariff. 3.7. For non cash FX Transactions with a nominal value above the threshold listed on the Bank’s website (Treasury section) , the Customer is not obliged, but has the right to ask for a negotiated FX rate for the specific transaction. When a negotiated FX rate is requested by the Customer, an Officer of the Bank, or the Customer, if he has been granted with direct access to the Bank’s Treasury, can communicate with Treasury describing the details of the Order and requesting an FX price.

TRANSACTIONS TERMS. 3.1. In order to execute an FX Transaction, the Customer is required to sign all documents the Bank deems necessary and that are required by the transaction. 3.2. The Bank is entitled but not required to accept the Customer’s Order for the execution of a transaction and previous practices or tactics do not constitute a precedent for a subsequent transaction. 3.3. For the execution of FX Transactions, the Bank collaborates with financial institutions in Romania, Greece and abroad which it liberally selects. 3.4. The Customer determines the FX Transaction type and the manner of execution. He also determines the length of time the Order is in effect for execution, which can be specific or good till cancelled, and its being in effect, or not, during non- Banking Days or hours of the Bank. Immediately after the confirmation of the deal with the Bank, the transaction has to be imputed and authorized in the system.system.‌ 3.5. The Customer can buy foreign currency at the Bank’s selling rate (Ask) and/or can sell foreign currency at the Bank’s buying rate (Bid) in exchange for the counter value in the local currency or any other involved currency in the respective currency pair. 3.6. For the FX Transactions mentioned in paragraph 2.1 where one of the two currencies involved is in cash, the customer has the right to: i. Perform the transaction at the Official Foreign Exchange Rates of the Bank for cash transactions without paying additional fees or commissions. Exceptions may apply to specific Branches with increased transaction volumes and the customers will be duly notified in any such case. ii. Perform the transaction at the Official Foreign Exchange Rates of the Bank for non cash transactions and pay the applicable commissions for cash depositing or cash withdrawal as per the prevailing Bank’s Tariff. 3.7. For non cash FX Transactions with a nominal value above the threshold listed on the Bank’s website (Treasury section) , the Customer is not obliged, but has the right to ask for a negotiated FX rate for the specific transaction. When a negotiated FX rate is requested by the Customer, an Officer of the Bank, or the Customer, if he has been granted with direct access to the Bank’s Treasury, can communicate with Treasury describing the details of the Order and requesting an FX price.