Common use of Means of Payment Clause in Contracts

Means of Payment. The Client may carry out credit transfer transactions or domicile draw-down notices, or request the issuance of bank identity details (RIB or BIC/IBAN). The Bank may only be in a position to process a credit transfer order if the Client provides it with the following information: the IBAN number of the account to be debited, the amount of the credit transfer, the IBAN number of the account to be credited or any other unique identifier required by the payee’s country, the payee’s name (if available), and the BIC code of the bank holding the account to be credited. It is the Client’s responsibility to obtain from beneficiaries all data (IBAN or unique identifiers, BIC) necessary for issuing credit transfers, or to entrust its own BIC and IBAN codes to its debtors in order to benefit from a credit transfer. The Client is solely responsible for the accuracy of information provided for the requirements of executing a credit transfer order. The Bank has no obligation to correct or complete the information provided. A credit transfer order is only executed by the Bank only on the basis of an IBAN number, or any other unique identifier, independently of any additional information provided for the requirements of executing said payment instruction. The Bank draws the Client's attention to the fact that: - refusals can occur, i.e. refusals to execute before the interbank clearance, principally for the following reasons: insufficient funds in respect not only of the amount of the requested credit transfer but also of the applicable fees, incorrect IBAN or unique identifier for the payee, invalidity of the BIC for the payee’s bank, - returns may also take place, i.e. refusals to execute after the interbank settlement, for reasons such as inaccuracy of the IBAN or unique identifier for the payee’s account or the closure of said account. In the event of refusal or return, execution of the credit transfer cannot take place as is, with the Bank notifying the Client of the existence of the refusal or return and, if possible, the grounds for this, in accordance with the procedures and deadlines pertaining to the appropriate banking channel of communication. If, further to a refusal or return, the Client wishes to reissue a corrected credit transfer order, this will be treated as a new credit transfer order to which a new time frame for execution will be applicable. The Bank reserves the right to assess, at any time, the issuance to the Client of payment instruments (cheque books, bank or withdrawal cards, etc.) in accordance with the status of its account, its requirements and resources. The Bank agrees to handle only standardised payment instruments. In any event, the submission of any payment instruments, whether or not mentioned hereinabove, requires the Client to comply with all current or future legal, regulatory or contractual provisions applicable to it and, in particular, to ensure the existence of sufficient available funds beforehand to allow execution of the payment order.

Means of Payment. The Client may carry out credit transfer transactions or domicile draw-down notices, notices or request the issuance of bank identity details (RIB or BIC/IBAN). The Bank may only be in a position to process a credit transfer order if the Client provides prov ides it with the following information: the IBAN number of the account to be debited, the amount of the credit transfer, the IBAN number of the account to be credited or any other unique identifier required by the payeepay ee’s country, the payeepay ee’s name (if availableav ailable), and the BIC code of the bank holding the account to be credited. It is the Client’s responsibility to obtain from beneficiaries all data (IBAN or unique identifiers, BIC) necessary for issuing credit transfers, or to entrust its own BIC and IBAN codes to its debtors in order to benefit from a credit transfer. The Client is solely responsible for f or the accuracy of information provided for inf ormation prov ided f or the requirements of executing a credit transfer order. The Bank has no obligation to correct or complete the information provided. A credit transfer order is only executed by the Bank only on the basis of an IBAN number, or any other unique identifier, independently of any additional information provided for the requirements of executing said payment pay ment instruction. The Bank draws the Client's ’s attention to the fact that: - refusals ref usals can occur, i.e. refusals to execute before the interbank clearance, principally for the following reasons: insufficient funds in respect not only of the amount of the requested credit transfer but also of the applicable fees, incorrect IBAN or unique identifier for the payee, invalidity or inv alidity of the BIC for f or the payee’s bank, - returns may also take place, i.e. refusals to execute after the interbank settlement, for f or reasons such as inaccuracy of the IBAN or unique identifier for the payee’s account or the closure of said account. In the event ev ent of refusal or return, execution of the credit transfer cannot take place as is, with the Bank notifying the Client of the existence of the refusal or return and, if possible, the grounds for f or this, in accordance with the procedures and deadlines pertaining to the appropriate banking channel of communication. If, further to a refusal or return, the Client wishes to reissue a corrected credit transfer order, this will be treated as a new credit transfer transf er order to which a new time frame f rame for execution will be applicable. The Bank reserves reserv es the right to assess, at any time, the issuance to the Client of payment pay ment instruments (cheque books, bank or withdrawal cards, etc.) in accordance with the status of its account, its requirements and resources. The Bank agrees to handle only standardised payment instruments. In any event, the submission of any payment instruments, whether or not mentioned hereinabovehereinabov e, requires the Client to comply with all current or future legal, regulatory or contractual provisions applicable to it and, in particular, to ensure the existence of sufficient suf ficient available funds beforehand to allow execution of the payment order.

Means of Payment. The Client may carry out credit transfer transactions or domicile draw-down notices, notices or request the issuance of bank identity details (RIB or BIC/IBAN). The Bank may only be in a position to process a credit transfer order if the Client provides it with the following information: the IBAN number of the account to be debited, the amount of the credit transfer, the IBAN number of the account to be credited or any other unique identifier required by the payee’s country, the payee’s name (if available), and the BIC code of the bank holding the account to be credited. It is the Client’s responsibility to obtain from beneficiaries all data (IBAN or unique identifiers, BIC) necessary for issuing credit transfers, or to entrust its own BIC and IBAN codes to its debtors in order to benefit from a credit transfer. The Client is solely responsible for the accuracy of information provided for the requirements of executing a credit transfer order. The Bank has no obligation to correct or complete the information provided. A credit transfer order is only executed by the Bank only on the basis of an IBAN number, or any other unique identifier, independently of any additional information provided for the requirements of executing said payment instruction. The Bank draws the Client's ’s attention to the fact that: - refusals can occur, i.e. refusals to execute before the interbank clearance, principally for the following reasons: insufficient funds in respect not only of the amount of the requested credit transfer but also of the applicable fees, incorrect IBAN or unique identifier for the payee, invalidity of the BIC for the payee’s bank, - returns may also take place, i.e. refusals to execute after the interbank settlement, for reasons such as inaccuracy of the IBAN or unique identifier for the payee’s account or the closure of said account. In the event of refusal or return, execution of the credit transfer cannot take place as is, with the Bank notifying the Client of the existence of the refusal or return and, if possible, the grounds for this, in accordance with the procedures and deadlines pertaining to the appropriate banking channel of communication. If, further to a refusal or return, the Client wishes to reissue a corrected credit transfer order, this will be treated as a new credit transfer order to which a new time frame for execution will be applicable. The Bank reserves the right to assess, at any time, the issuance to the Client of payment instruments (cheque books, bank or withdrawal cards, etc.) in accordance with the status of its account, its requirements and resources. The Bank agrees to handle only standardised payment instruments. In any event, the submission of any payment instruments, whether or not mentioned hereinabove, requires the Client to comply with all current or future legal, regulatory or contractual provisions applicable to it and, in particular, to ensure the existence of sufficient available funds beforehand to allow execution of the payment order.