Common use of Term Deposit Clause in Contracts

Term Deposit. The following provisions are applicable to any term deposit with the Bank: 3.3.1 The Bank shall only accept term deposits in such currency, of such minimum deposit amount, for such deposit period and shall pay interest on such term deposit at such interest rate, as the Bank may, at its discretion, specify from time to time. 3.3.2 If the Bank shall issue a receipt or confirmation for a term deposit placed by the Account Holder, such document shall only be evidence of deposit and not a document of title. 3.3.3 Any term deposit accepted by the Bank will be subject to the provisions of this Agreement and to such terms and conditions as may be set out in the receipt or confirmation issued by the Bank therefore. If there is any conflict between this Agreement and such receipt or confirmation, the latter shall prevail. 3.3.4 Upon the withdrawal or any drawing of any term deposit, the Bank is entitled (but not obliged) to require delivery of the original receipt or confirmation, if any, issued by the Bank therefor. 3.3.5 Unless otherwise agreed by the Bank, a term deposit can only be withdrawn on or after its maturity date or the expiry of its term. 3.3.6 No term deposit deposited with the Bank by the Account Holder shall be assigned or transferred to any other person. 3.3.7 Unless otherwise agreed or prior written Instructions are received before the maturity date of a term deposit, the Bank may (but shall not be obliged) to, at its discretion, automatically renew the principal balance of that term deposit, together with the interest accrued thereon, upon that maturity date and upon each successive maturity date for a like term at the Bank’s prevailing interest rate for deposits in the currency of that account and for that term. No interest shall accrue or be payable on any term deposit which is not renewed. Where it is agreed that there shall not be any automatic rollover of a term deposit upon maturity, the principal balance together with all accrued but unpaid interest of the term deposit will be deposited into a savings account in the same currency that is maintained by the Account Holder with the Bank or which the Bank may open for such purpose. 3.3.8 If the interest rate applicable to a term deposit for a particular period is an agreed rate above the term deposit rate, such agreed rate shall only apply to that term deposit for that period. That term deposit shall not be rolled over automatically but shall terminate upon maturity and the proceeds thereof shall be deposited into an account in the same currency that is maintained by the Account Holder with the Bank or which the Bank may open for such purpose.

Term Deposit. The following provisions are applicable 2.1 I understand that deposit(s) in foreign currencies will be effected on the value date, which shall be the same day as the Placement Date. Instructions to withdraw whether partially or in full, or to make changes to the tenure or currency of a deposit must be given prior to the maturity date of the deposit. I agree that any term deposit deposit(s) to be made by me in foreign currencies with the Bank: 3.3.1 The Bank shall only accept term deposits in such currency, of you will be subjected to such minimum deposit amount, for amount and such deposit period and shall pay interest on such term deposit at such interest rate, minimum tenure as the Bank may, at its discretion, specify you may from time to timetime determine to be applicable to such currencies. 3.3.2 If the Bank shall 2.2 You will issue a receipt or confirmation for a term deposit placed by the Account Holder, such document shall an advice of credit which is only be evidence of deposit and not a document of title. 3.3.3 Any 2.3 I understand and agree that all transactions relating to term deposit accepted by will only be taken directly with Account(s) holder and Joint Account(s) holder; transactions via authorized representative of the Bank Account(s) holder or Joint Account(s) holder will not be accepted. 2.4 I understand that you do not provide the service of trading, exchange, donation or mortgage of deposit(s) to third party except for Force Majeure event requiring your written consent. 2.5 Unless you receive valid instructions from me prior to the maturity date of the deposit(s), you shall renew the deposit(s) automatically together with all interest accrued thereon at your prevailing interest rates for a like term upon maturity and upon each successive maturity, subject to these Terms and Conditions. 2.6 You will pay me interest on my deposit(s) for such period of time and at such rates and intervals as may be specified by you from time to time and such interest shall be calculated on a daily basis or in accordance with such formula as you may prescribe. 2.7 Subject to paragraph 3.9 below, all withdrawals of deposit shall be made by my request to you in writing, by authenticated cable or by such other method of communication approved by you. A withdrawal of any deposit shall be effected by way of cash, your checks, drafts or telegraphic transfer in the provisions currency of this Agreement that deposit or such other currency (all as you in your discretion may permit and subject to such terms and conditions as you deem fit). Such request may be set out in the receipt or confirmation issued by form of a check drawn upon you, provided that it is worded on a sight draft payable in the Bank thereforecountry where the funds are placed. If there is any conflict between this Agreement and such receipt or confirmation, I fail to specify the latter shall prevailmethod of payment you may Tôi cho phép ngân hàng đưa ra tên và số tài khoản của tôi cho nhà in của ngân hàng chỉ cho mục đích phát hành sổ séc. 3.3.4 Upon the withdrawal or any drawing of any term deposit, the Bank is entitled (but not obliged) to require delivery of the original receipt or confirmation, if any, issued by the Bank therefor. 3.3.5 Unless otherwise agreed by the Bank, a term deposit can only be withdrawn on or after its maturity date or the expiry of its term. 3.3.6 No term deposit deposited with the Bank by the Account Holder shall be assigned or transferred to any other person. 3.3.7 Unless otherwise agreed or prior written Instructions are received before the maturity date of a term deposit, the Bank may (but shall not be obliged) to, at its discretion, automatically renew the principal balance of that term deposit, together with the interest accrued thereon, upon that maturity date and upon each successive maturity date for a like term at the Bank’s prevailing interest rate for deposits in the currency of that account and for that term. No interest shall accrue or be payable on any term deposit which is not renewed. Where it is agreed that there shall not be any automatic rollover of a term deposit upon maturity, the principal balance together with all accrued but unpaid interest of the term deposit will be deposited into a savings account in the same currency that is maintained by the Account Holder with the Bank or which the Bank may open for such purpose. 3.3.8 If the interest rate applicable to a term deposit for a particular period is an agreed rate above the term deposit rate, such agreed rate shall only apply to that term deposit for that period. That term deposit shall not be rolled over automatically but shall terminate upon maturity and the proceeds thereof shall be deposited into an account in the same currency that is maintained by the Account Holder with the Bank or which the Bank may open for such purpose.