Common use of Other Products Clause in Contracts

Other Products. STAGGERED FTDs Staggered Fixed Time Deposits shall be agreed upon for a minimum amount of USD. 250,000.00. Staggered Fixed Time Deposits shall be agreed upon for a term of 2, 3, 4 or 5 years. Staggered Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They shall comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Staggered Fixed Time Deposits may be increased within the first 6 months of the deposit, for a minimum of $ 10,000.00 Staggered Fixed Time Deposits may be renewed provided that the same term is maintained. Staggered Fixed Term Deposits may be increased at maturity date without an amount limit. • VARIABLE RATE FTDs Variable Rate Fixed Time Deposits shall be agreed upon for a minimum amount of USD 100,000.0 Variable Rate Fixed Time Deposits shall be agreed upon for a 5-year renewable term. Variable Rate Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They must comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Variable Rate Fixed Term Deposits may be increased within the first 3 months of the deposit, for a minimum of USD 10,000.00 • INCREASING FTDs Increasing Fixed Term Deposits shall be agreed upon for a minimum amount of USD. 100,000.00. Increasing Fixed Term Deposits shall be agreed upon for a 1, 2 or 3 years, renewable term. Increasing Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They shall comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Increasing Fixed Term Deposits may be renewed provided that the same term is maintained. Increasing Fixed Term Deposits may be increased at maturity date without an amount limit.

Appears in 9 contracts

Samples: Banking Products and Services Agreement, Banking Products and Services Agreement, Banking Products and Services Agreement

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Other Products. STAGGERED FTDs Staggered Fixed Time Deposits shall be agreed upon for a minimum amount of USD. 250,000.00. Staggered Fixed Time Deposits shall be agreed upon for a term of 2, 3, 4 or 5 years. Staggered Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They shall comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Staggered Fixed Time Deposits may be increased within the first 6 months of the deposit, for a minimum of $ 10,000.00 Staggered Fixed Time Deposits may be renewed provided that the same term is maintained. Staggered Fixed Term Deposits may be increased at maturity date without an amount limit. • VARIABLE RATE FTDs Variable Rate Fixed Time Deposits shall be agreed upon for a minimum amount of USD 100,000.0 Variable Rate Fixed Time Deposits shall be agreed upon for a 5-year renewable term. Variable Rate Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They must comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Variable Rate Fixed Term Deposits may be increased within the first 3 months of the deposit, for a minimum of USD 10,000.00 • INCREASING GROWTH FTDs Increasing Growth Fixed Term Time Deposits shall be agreed upon for a minimum amount of USD. 100,000.00. Increasing Growth Fixed Term Time Deposits shall be agreed upon for a 1, 2 or 3 years, renewable term. Increasing Growth Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign. They shall comply with the "Know Your Client" policy in accordance with procedures in place to open liability accounts. Increasing Growth Fixed Term Time Deposits may be renewed provided that the same term is maintained. Increasing Growth Fixed Term Deposits may be increased at maturity date without an amount limit.

Appears in 1 contract

Samples: Banking Products and Services Agreement

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