Master Banking Agreementcleit0n
19. Full agreement. The Bank and the Client recognize and accept that this Agreement and all changes made, all other documents incorporated by reference and annexes constitute the complete and exclusive declaration of the agreement between them with respect to the Services and the replacement of all prior agreements, assurances and agreements, written or written between the parties with respect to the Services. 12. Overdrafts; I`ll take care of it. The bank may, but is not required to, complete any transaction related to the provision of services, if the funds available in the client`s account are not sufficient to complete the transaction. In the event that the client`s actions result in an overdraft on one of the accounts receivable, including, but not limited to the client`s inability to maintain sufficient balances on one of the accounts receivable, the customer is responsible for the immediate and un noticeable overdraft refund. The Bank has the right, in addition to all other rights and remedies at its disposal, to obtain the outstanding balance of a service-related debt relating to any debt, obligations due to the client by the bank, including, but not limited, any obligation of a pension contract or obligation held at any time by the bank, whether withdrawn or retained during the collection process, or on another account held by the customer on a certificate of deposit issued by the bank or issued by a customer. If one of the customer`s accounts has been stolen, the bank has the right to credit all the client`s accounts and other accounts of assets or deposits held with the bank, and the bank has the right to assert its shares in the guarantees it holds in order to guarantee the bank the customer`s receivables arising from bonds or other debts that mature or exist under this agreement, whether liquidated or liquidated.
Over-the-counter derivatives are traded between two parties, not through an exchange or intermediary. The size of the over-the-counter market means that risk managers must carefully review traders and ensure that authorized transactions are properly managed. When two parties complete a transaction, they will each receive confirmation explaining their details and referring to the signed agreement. The terms of the ISDA master contract then cover the transaction. 14.4 Notwithstanding the above, the Bank may terminate the contract without notice and/or suspend or suspend or suspend services provided to the customer in accordance with this report if the customer or bank closes an open account in connection with the Services; (ii) where the bank finds that the client has not maintained a financial position deemed satisfactory to the bank in order to minimize loans or other risks to the bank in the provision of services to the customer, including, but not limited to, the initiation of voluntary or involuntary proceedings under the U.S. Bankruptcy Act or any other status or settlement on bankruptcy or cancellation of debtors; (iii) in the event of a substantial breach, failure to comply with a clause or substantial breach of representation, contract or guarantee by the client; (iv) in the event of a delay in payment of the customer at the time of payment of an amount that the customer owes to the bank under that note or as part of a note or other agreement; (v) where accounts of clients, assets or real estate have been seized, seized or seized; (vi) where the Bank believes that immediate measures are needed to ensure the security of bank or customer funds; (vii) in the event of termination of a third-party contract by the customer or bank, necessary to perform one or more services; or (viii) if the Bank reasonably considers that the continuation of the provision of services, in accordance with the terms of this agreement or an annex, would be contrary to federal, regional or local laws or regulations, or that the bank would be subject to an unacceptable risk of loss.