Common use of Term Deposit Clause in Contracts

Term Deposit. i a. A minimum initial deposit amount shall be as determined by the Bank. b. Duration of placement is subject to a minimum of 1 month and a maximum of 60 months. Placement by cheque is subject to clearance of the cheque. c. 2Q SODFHPHQW WKH GHSRVLW PXVW EH GHELWHG IURP WKH LQIRUPDWLRQ RQ WKH GHSRVLW ZLOO EH LQFOXGHG LQ WKH consents to the Bank utilising any part of the deposit placed for investment purposes before the execution of Commodity Murabahah Transactions.

Appears in 2 contracts

Sources: Universal Terms & Conditions, Universal Terms & Conditions