GENERAL BUSINESS CONDITIONS OF BYBLOS BANK EUROPE S.A. GENERAL BUSINESS CONDITIONS OF BYBLOS BANK EUROPE S.A. .................... 1 I. GENERAL CONDITIONS ........................................................................................... 3 Article 1: Field of application ...................................................................................................................................... 3 Article 2: Identity, legal capacity and powers .................................................................................................... 3 Article 3: Powers of attorney ....................................................................................................................................... 4 Article 4: Specimen signatures ................................................................................................................................... 5 Article 5: Correspondence ............................................................................................................................................. 5 Article 6: Dispatch and transport of documents and assets/securities ............................................. 6 Article 7: Professional discretion .............................................................................................................................. 6 Article 8: Data protection............................................................................................................................................. 10 Article 9: Deposit protection ...................................................................................................................................... 15 Article 10: Code of conduct ......................................................................................................................................... 15 Article 11: Bank's liability ........................................................................................................................................... 16 Article 12: Bank forms and documents ............................................................................................................... 16 Article 13: Orders and instructions given to the Bank ............................................................................... 17 Article 14: Execution of client orders and instructions ............................................................................. 18 Article 15: Modification or cancellation of orders and instructions .................................................. 19 Article 16: Termination of the relationship ...................................................................................................... 19 Article 17: Death and inheritance ........................................................................................................................... 19 Article 18: Terms and conditions ............................................................................................................................ 20 Article 19: Guarantees and security ...................................................................................................................... 21 Article 20: Languages of communication ........................................................................................................... 22 Article 21: Proof ................................................................................................................................................................ 22 Article 22: Dealing with complaints ...................................................................................................................... 23 Article 23: Modification of the General business conditions .................................................................. 23 Article 24: Applicable law and jurisdiction ....................................................................................................... 24 Article 25: Expiry .............................................................................................................................................................. 24 II. ACCOUNTS ................................................................................................................ 24 Article 26: General conditions .................................................................................................................................. 24 Article 27: Unity of accounts ...................................................................................................................................... 24 Article 28: Deposits and transfers .......................................................................................................................... 25 Article 29: Account statements ................................................................................................................................. 25 Article 30: Sight accounts ............................................................................................................................................. 25 Article 31: Term accounts (or fixed deposits) ................................................................................................. 25 Article 32: Intentionnally left blank ...................................................................................................................... 26 Article 33: Securities accounts .................................................................................................................................. 26 Article 34: Cheques .......................................................................................................................................................... 26 Article 35: Dormant accounts .................................................................................................................................... 26 III. COLLECTION OF FINANCIAL AND COMMERCIAL BILLS ............................ 27 Article 36: General conditions .................................................................................................................................. 27 Article 37: Collection of financial documents .................................................................................................. 27 Article 38: Collection of commercial documents ........................................................................................... 28 Article 39: Domiciliation .............................................................................................................................................. 28 IV. FOREIGN EXCHANGE TRANSACTIONS ............................................................ 28 Article 40: General conditions .................................................................................................................................. 28 V. TRANSACTIONS WITH SECURITIES ................................................................. 28 Article 41: Definitions .................................................................................................................................................... 28 Article 42: General Conditions .................................................................................................................................. 29 Article 43: Operations .................................................................................................................................................... 29 Page 1 of 47 Bvd. Bischoffsheimlaan 1-8, B-1000 Bruxelles, Belgique – T.V.A. BE 415.718.640 Tél. : +32 2 551.00.20 – Fax : +32 2 513.05.26 – E-mail : [email protected] SPECIAL REGULATIONS FOR PAYMENT TRANSACTIONS ................................... 32 I. GENERAL PRINCIPLES .......................................................................................... 32 Article 1: Purpose ............................................................................................................................................................. 32 Article 2: Scope – Exclusions ...................................................................................................................................... 32 Article 3: Definitions ....................................................................................................................................................... 33 Article 4: Description of essential characteristics and conditions of Payment Services covered by these Special Regulations ...................................................................................................................................... 35 Article 5: Charges .............................................................................................................................................................. 36 II. PAYMENT ORDERS, PAYMENT INSTRUMENTS AND EXECUTION RULES36 Article 6: Payment Orders General Rules ........................................................................................................... 36 Article 7: Form of Consent ........................................................................................................................................... 37 Article 8: Point in time of Receipt of Payment Orders - Irrevocability of Payment Orders - Execution Times ................................................................................................................................................................ 37 Article 9: Full amount principle of Payment Transactions – Value dates