Common use of PRESCRIPTION OF PARTICIPATION FUND Clause in Contracts

PRESCRIPTION OF PARTICIPATION FUND. 7.1 The participation funds, custodies and receivables held with the Bank, including equities and bonds, mutual fund units, amounts in deposit accounts opened in the name of the Customer to whom a cheque book is given even if the cheque book is not delivered, and remittance accounts, and profit shares on participation accounts accruing until prescription time, which are not sought within ten years from the Customer's latest request, transaction, or written instruction shall drop due to prescription. 7.2 In case of prescription, all kinds of participation funds (including profit shares related to participation account), custody or receivables that are not asked for by beneficiary shall drop due to the prescription, and those that are not asked for by the beneficiary or its inheritors as the result of the notifications and announcements to be made in accordance with the article 8 of Regulation on the Fundamentals and Principles on Acceptance and Withdrawal of Deposits and Participation Funds, on Overdue Deposits, Participation Funds, Trusts and Receivables are assigned by Bank to accounts of Savings Deposits Insurance Fund and registered as revenue by the Fund as of the assignment date. 7.3 The prescription for the securities in safe deposit boxes starts from the date when the rental fee was last collected or the last time the safe deposit box was opened. 7.4 For the accounts opened in the name of those below the adult age, the prescription time starts on the date, when the persons reaches the adult age. 7.5 In respect of the accounts, which are blocked by the competent authorities, the prescription time shall be suspended as of the date when such accounts are blocked and continues to operate from the date the blocking was removed.

PRESCRIPTION OF PARTICIPATION FUND. 7.1 The Those among all kinds of participation funds, custodies and custody or receivables held with the Bank, including equities and bonds, mutual fund units, amounts in deposit accounts opened in the name of the Customer to whom a cheque book is given even if the cheque book is not delivered, and remittance accounts, and profit shares on participation accounts accruing until prescription time, which that are not sought within asked for in ten years from the Customer's latest request, transaction, or transaction and any written instruction order of the beneficiary shall drop due to the prescription. 7.2 In case of prescription, all kinds of participation funds (including profit shares related to participation account), custody or receivables that are not asked for by beneficiary shall drop due to the prescription, and those that are not asked for by the beneficiary or its inheritors as the result of the notifications and announcements to be made in accordance with the article 8 of Regulation on the Fundamentals and Principles on Acceptance and Withdrawal of Deposits and Participation Funds, on Overdue Deposits, Participation Funds, Trusts and Receivables are assigned by Bank to accounts of Savings Deposits Insurance Fund and registered as revenue by the Fund as of the assignment date. 7.3 The prescription for the securities in safe deposit boxes starts from the date when the rental fee was last collected or the last time the safe deposit box was opened. 7.4 For the accounts opened in the name of those below the adult age, and on condition of making payment to them only, the prescription time starts on the date, when the persons reaches reach the adult age. 7.5 In respect of the accounts, which are blocked by the competent authorities, the prescription time shall be suspended as of the date when such accounts are blocked and continues to operate from the date the blocking was removed.

PRESCRIPTION OF PARTICIPATION FUND. 7.1 The participation funds, custodies and receivables held with the Bank, including equities and bonds, mutual fund units, amounts in deposit accounts opened in the name of the Customer to whom a cheque book is given even if the cheque book is not delivered, and remittance accounts, and profit shares on participation accounts accruing until prescription time, which are not sought within ten years from the Customer's ’s latest request, transaction, or written instruction shall drop due to prescription. 7.2 In case of prescription, all kinds of participation funds (including profit shares related to participation account), custody or receivables that are not asked for by beneficiary shall drop due to the prescription, and those that are not asked for by the beneficiary or its inheritors as the result of the notifications and announcements to be made in accordance with the article 8 of Regulation on the Fundamentals and Principles on Acceptance and Withdrawal of Deposits and Participation Funds, on Overdue Deposits, Participation Funds, Trusts and Receivables are assigned by Bank to accounts of Savings Deposits Insurance Fund and registered as revenue by the Fund as of the assignment date. 7.3 The prescription for the securities in safe deposit boxes starts from the date when the rental fee was last collected or the last time the safe deposit box was opened. 7.4 For the accounts opened in the name of those below the adult age, the prescription time starts on the date, when the persons reaches the adult age. 7.5 In respect of the accounts, which are blocked by the competent authorities, the prescription time shall be suspended as of the date when such accounts are blocked and continues to operate from the date the blocking was removed.