On changes in General Terms of Liquidation and rates and charges

Riga, Latvia, September 2, 2020, 15:27 / Banking

On 1 October 2020 changes in the General Terms of Liquidation of ABLV Bank, AS in liquidation (hereinafter — the Company), but on 1 November 2020 changes in rates and charges of the Company will come into force.

The following changes are made in the new edition of the General Terms of Liquidation:

  • conditions for the payment of the amount of the creditor's claim are specified;
  • obligation to ensure that the Company has a valid power of attorney of the creditor’s representative at its disposal at the moment of payment of the amount of the claim is specified;
  • conditions for the application of the fee for the storage of monetary funds intended for payment of creditor's claim are included.

The updated version of General Terms of Liquidation is available here.

New edition of rates and charges contains the following changes:

  • fee for consideration of documents related to the transfer of creditor’s claim is increased;
  • fees for the custody and outgoing transfer of bonds issued by the Company are excluded due to the transfer of bonds into monetary claims;
  • fee for the storage of monetary funds intended for payment of creditor's claim (after the decision on the payment of the claim has been made) is introduced.

The updated version of Rates and Charges is available here.