Amendments made to the General Terms of Business to update the service rendering provisions

Riga, Latvia, November 3, 2017, 17:19 / Banking

On 10 January 2018, edition 36 of ABLV Bank, AS General Terms of Business will become effective. The amendments have been made to the Terms to ensure compliance with new legislation requirements and to update the provisions of rendering particular products and services.

Amendments to the following sections have been made in edition 36 of the General Terms of Business:

  • A9. The Client’s Obligation of Cooperation and the Compliance Requirements (section title changed as well);
  • B3. Payment Card Terms;
  • B4. Terms of the Financial Instruments’ Account and the Cash Account;
  • B5. Terms of Using Internetbank;
  • B6. Terms of Payments;
  • B9. Forex Terms;
  • B16. Terms of Performing Cash Operations (section title changed as well);
  • B17. Terms of Rental of Individual Safe Deposit Boxes,
  • as well as corrections to other sections have been made.

Moreover, according to the payment card offer optimization, announced in the autumn product release, section ‘AMEX Payment Card Terms’ (B15) has been excluded.

Edition 36 of the General Terms of Business is available at our website and in client service premises.