Common Contracts
1 similar Agreement on Use of a Non-Standard Discounted Certificate of Deposit contracts
Miscellaneous Contract Information:Agreement on Use of a Non-Standard Discounted Certificate of Deposit • January 30th, 2018
In case of premature encashment [buyback] of a CD: it shall be deemed, that funds allocated on the basis of a Certificate were not being accrued Interest Yield and CD owner shall be imposed a fine in amount of CD nominal value _ %. As for the sum payable to the CD Owner, it shall be adjusted in accordance with the conditions [including the condition regarding write-off of amounts already paid to the CD Owner] set herein.
