Common use of ACCOUNT Clause in Contracts

ACCOUNT. 1. The Account may be opened in Rupiah or foreign currency. In the case whereby account is opened in a foreign currency, the Customer is aware that there is a risk of depreciation of the value resulting from the weakening of the exchange value of a currency against the other currency. This depreciation of value shall be the responsibility of the Customer. 2. Account Opening: a. Shall be based on a written request of the Customer by fulfilling all the requirements specified by the Bank; b. Shall be effective after being agreed by the Bank; and c. The Bank reserves the right to deny account opening application by notifying the reason to the Customer, unless otherwise regulated by the applicable legislation.

ACCOUNT. 1. The Account may be opened in Rupiah or foreign currency. In the case whereby account is opened in a foreign currency, the Customer is aware that there is a risk of depreciation of the value resulting from the weakening of the exchange value of a currency against the other currency. This depreciation of value shall be the responsibility of the Customer. 2. Account Opening: a. Shall be based on a written request of the Customer by fulfilling fulfilling all the requirements specified specified by the Bank; b. Shall be effective after being agreed by the Bank; and c. The Bank reserves the right to deny account opening application by notifying the reason to the Customer, unless otherwise regulated by the applicable legislation.