Application to open a

Diaspora Account

Date (DD-MM-YYYY)

Section 1 - Requirements for opening accounts

Original Valid Identification Document

This will be scanned and attached on email. A valid ID can be any of the following:
National ID, passport and birth certificates (for minors)

Residential address confirmation document

This can be any of the following: utility bill in applicant's name; or (a recently signed lease/rental agreement where utility is not in applicant's
name. The utility bill should not be more than 3 months old), or a physical confirmation of residentail address
Proof of Income
This can be payslip, letter from employer, Annotation for informal income
Support Documents
Residential Permit Employment Permit 2 recent passport photos Evidence of Business Registration

Section 2 - Account Types (Please tick the appropriate box)

Current Account Savings Account Joint Account * (Joint or Multiple account holders to fill in 2 or more forms)

Transact Plus Minor Account ContractSave Others (Specify)

Fixed Deposit PureSave - Standing order amount: Standing order date:

For Investment Accounts -

Currency Type: MWK USD GBP EUR ZAR CNY Other (please specify)

Section 3 - Personal details

Gender Male Female Title

First name Other names

Last name (Surname) Marital Status

Date of birth (DD-MM-YYYY) If Maried Please provide Spouse name

Maiden Name Mother’s Maiden Name

ID Type Passport National ID

Identity Number

Issue date: (DD-MM-YYYY) Expiry date: (DD-MM-YYYY)

Relation to Bank Staff Relationship Type Full Name

Section 3.1 - Employment Details

Country of Residence Date of Arrival

Work Permit Number
Work Permit Valid from Work Permit Valid to

Section 4 - Customer Contact Details

House Number Country

Street Name/Physical address Town/City
Period at Address Year(s) Month(s)
Full Postal Address
Mobile Number Alternative Number
Email Address

Page 1 of 7
 Section 5 - Customer Home of Origin Details

House Number Village TA

Area of Residence Home District Country
Street Name/Physical address Town
Period at Address Year(s) Month(s)
Full Postal Address
Mobile Number Alternative Number
Email Address

Section 6 - Next of kin Details

Full Name
Gender Date of Birth
House Number District
Area of Residence Country
Street Name Physical Address
Town Full Postal Address
Mobile Number Alternative Number
Email Address Relationship Type

Section 7 - Employment Details & Employers Contacts

Designation
Occupation
Employment Type Formal Self Employed Student Other
If self-employed,nature of business
Gross Monthly Income Net Monthly Income
Plot Number District
Street Name Country
Full Postal Address Street Name / Phyisical Address
Office Telephone Number Alternative Number
Email Address

TAX Details

Country of Birth Primary Nationality

Is this your only country of Nationality? Primary Country of Tax Residence
Tax Identification Number (TIN) Is this your only country of Tax Residence? (y/n)

Section 9 - Registration on Self Service channels

Dear Customer, you are automatically registered for the channels below to enable you transact conveniently and monitor any activity on your account.
To opt out, please check the appropriate box.

Auto-Bank Debit Card ....................... Card Number :........................................................................................

Internet Banking E-Mail Alerts-Prefered Email Address:

E - Statements Preffered Email

SMS alert - primary cellphone number :.................................................................................. Other (specify): ...............................................

Section 10 - Signature Specimen

Page 2 of 7
 Section 11 - Declaration/Authorisation

I/We authorize you to make any inquiries you consider necessary with this application. By signing below, I/We agree that I/We understand the terms
and conditions of this account and of the e-banking channels, and agree to be bound by them. I/We hereby undertake to be held responsible for the
PIN or Password issued and undertake not to divulge it under any circumstances. You are requested to honor drawings and instruction bearing
my/our signature as per the specimen given below and or on the specimen signature card, and to honour any instructions from channels as specified
on this form. I/We understand that such instructions are binding to me/us.

I/We confirm that i/we have read and understand the terms and conditions applicable to the loans, overdrafts and all other banking facilities and agree
to be bound by the conditions stipulated therein

Full names

Signature:

Date: (DD/MM/YYYY)

For Bank use only

Section - Account Types

CIF number Account number

Private Transact Plus Savings Account Fixed Deposit

ContractSave Joint Account * (Joint or Multiple account holders to fill in 2 or more forms)

Investment Accounts
Deposit Period Amount Maturing Date DD MM YY

Personal details

Minor Indicator (n/y) Marital Status

Marriage Type Monthly Net Income
Region Gross Income
Tax Jurisdiction ERP Flag
Customer Type Residing Country
Primary SIC (Sector Industry Code) Secondary SIC code
KYC Indicator Related Party CIF ID
Counterparty Information Withholding Tax Indicator
Politically Exposed Person (PEP)
Legal Entity
Senior Citizen Senior Citizen Applicable Date
Portfolio number
Non-resident Indicator Turned Non-resident on (date)
Primary Branch (SOL) ID Segment
Sub-segment Charge Level Code
Health Code Customer SWIFT Code
Risk Profile Score Risk Profile Expiry Date
Asset Classifcation Control Customer Level Provisioning
Islamic Banking Customer Zakat Deduction
Preferred Calendar Tax Deducted at Source Table
SBG Member SBG Role Category
Reserve Bank Code Returns Classification Code
Industry Classification (SARB) Code Organisational Code

FNR Details (Foreign National Resident)

Validate FNR
Local Indicia FNR Classification
FNR Status

Page 3 of 7

SBMCB 03/2022
Identification Document Details

Doc No. 1 Doc No. 2 Doc No. 3 Preferred Document (Doc No. )
Document Type
Doc ID Number
Place of Issue
Date of Issue
Expiry Date
Received on (date)

Customer Contact Details

Hold Mail Indicator Hold Mail Initiated By

Business Centre Name Reason
Relationship Management Details
Primary Relationship Manager ID Secondary Relationship Manager ID
Relationship Start Date
Language Preference
Home Language Title in Home language
Name in Home Language Business Language
Access Control Details
Account Owner Group Access Owner Segment
Access Owner Business Centre

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SBMCB 03/2022
 Section 12 Terms and Conditions
12.1 Governing Laws 9 Cheque book
The relationship between the bank and you the customer is governed by You agree to look after and use any cheque book and any cheque for with
the laws of (country of application). utmost care.
The following terms and conditions are governed by the policies and
procedures of the bank. 9.1 You further agree to ensure

1 Deposits 9.1.1 That all uncompleted cheque forms kept in safe custody at all times:
1.1 We will accept for deposit to your account all cash, cheques and other items
payable to you. 9.1.2 that we are informed immediately upon discovery by you that any cheque
book or any cheque form has been stolen, iost or mislaid;
1.2 The proceeds of cheques and other similar items deposited will only be avail
able as cash when paid. (This situation anses because when you deposit a 9.1.3 that any person preparing a cheque is authorized to do so;
cheque or other item the amount is provisionally credited to your account
before we receive the actual payment). 9.1.4 that any cheque is prepared and signed in ink or other indelible writing
material:
1.3 In the normal course, we are unable to process posited cheques.
9.1.5 that the amount of cheque is written in such a manner as to prevent any
2 Deposits reversed unauthorised addition of letters or figures;
2.1 We will debit your account with the amount of any cheque or other item
deposited that is unpaid, Your account will be debited by bank charges asso 9.1.6 that any cheque or any alteration is signed by authorised signatory,
ciated with these unpaid items, details of such charges are available on
request. 9.1.7 that no uncompleted cheque is given to any stranger or other person when
you do not have reasonable grounds for believing that person to be
2.2 We will debit your account with the amount of any cheque or other item trustworthy;
deposited to which you are not entitled and may pay the amount to the
owner thereof, whether your account is in credit or debit, and we will advise 9.1.8 upon closure of any account you will return to us any remaining uncompleted
you of our action taken. cheque forms relating to that account and we will return to where possible
the value of any Revenue Stamps reimbursement for them which is obtained
3 Payments by us.
3.1 we will make payments from your account on your account on your
instructions if there are sufficient fund available. 9.1.9 You understand that the use and handling of your cheque book is subject to
such arrangements as we may have with regards to the implementation of
3.2 By arrangement, you may instruct us by means of computer or other the M|C|F system as coupled with the automated cleaning bureau.
electronic equipment to make payments from your account and we will debit
your account with the amounts concerned. 10 Closing of account
10.1 we will close your account on receipt of request in writing signed by you to
4 Stop payments do so but the closure will not be effective until you have returned any unused
4.1 may you stop payment of a cheque you have issued before it is presented cheques and bank cards and all cheques or other items deposited have
for payment unless the bank has made commitment to pay it, for example, been paid
certified it good for payment.
10.2 We will close your account on reasonable prior notice and shall not be
4.2 We may accept stop payment of debit orders but the onus resist on you to obliged to give reasons for such action.
cancel the underlying contract and identifying the bank against any legal
action arising out of such cancellation. 11 Credit record
11.1 We may make enquiries about your credit record with any credit reference
5 Interest and charges agency or any other relevant parties.
5.1 We will charge you interest on any over drawn balances and we shall inform
you of the applicable rate of interest charged, upon request. 11.2 We may provide credit reference agencies with regular or any other relevant
parties updates regarding the conduct of your account including any failure
5.2 We will charge for various services provided, but details of such charges on your part to meet these terms and conditions.
are available on request.
11.3 We may provide other banks with bank reports relating to the conduct of
5.3 We may vary charges and interest rates from time to time, but will give you your account on their request.
reasonable notice of such changes before they come into effect.
12 Confidentiality
6 Statements 12.1 We will treat all your personal information as private and confidential (even
6.1 We will provide you with regular statements of your account. when you are no longer a customer). Nothing about your accounts nor your
name and address will be disclosed to anyone, other than in four exceptional
6.2 You shall advise us within 30 days of receipt of the statement, of any entry circumstances permitted by law.
you regard as incorrect. These are:

6.3 If you fail to notify us timeously of forged or un authorised entries on your 12.1.1 where we are legally to do so;
account and this results in losses taking place, we will be entittle to refuse
to refund the losses to you, provided that we have not been negligent or 12.1.2 where it is in the public interest to disclose;
breached on our duty of care.
12.1.3 where our interest require disclosure;
7 Over drafts
7.1 If your account is over drawn without suitable arrangements, we may trans 12.1.4 where disclosure is made at your request or with your written consent.
fer/set off money to it from any other account held by you.
13 General
7.2 We may demand payment of all amount owing by you at any time. 13.1 We may check by reference to third parties the correctness of details given
in the application form you have completed for opening of the account.
7.3 A certificate signed by manager of our bank containing details of an amount,
including interest, owed you will be sufficient proof thereof unless the 13.2 Bank accounts may not be ceded to any other party.
contrary is proved.
13.3 You must notify us immediately if you are placed under an administration
7.4 We shall regard the latest postal or residential address given by you to us order, sequestrated or liquidated or placed under any other form of
as the address where notices may be given and documents in legal insolvency or legal disability.
proceedings may be served.
13.4 you must notify us immediately of any change of address.
7.5 If necessary, we may take legal action against you in appropriate court of law
even if our claim exceeds its jurisdiction. 13.4.1 We are entitled from time to time to request update confirmation document
relating to antimony laundering, Anti money Terrorism Financing and all the
7.6 You shall be responsible for payment of all our reasonable expenses in required account opening documents and you agree to provide us with
recovering any amount you owe us, including legal fees on an attorney and current ones in the premises of clause 13.4.
own client basis, collection fees and tracing fees or any other fees we may
incur as a result of our efforts. 13.5 We will not be held liable for losses arising from unauthorized alterations to
cheque which are not readily detectable.
8 Letter of set off
In consideration of us giving you financial and or banking accommodation 14 You consent to us carrying out identity and fraud prevention checks sharing
and other facilities. You agree that addition to any other general lien or information relating to this application with the fraud prevention services
similar right to which we as bankers may be entitled by law, we may ay any (FPS) or relevant law Enforcement Agencies should your account conduct
time and without notice to you combine or consolidate all or of any of your at any time in the future reasonably cause us to suspect that your accounts
accounts with / and liability to us and set off or transfer any sum or sums are being used for improper purposes, you consent to us providing details
standing to the credit of any one or more of such accounts in or toward of this suspicion will then be available to other members of these agencies
satisfaction of any of your liabilities to us on any other account or in any if they carry out credit/other checks on your name.
other respect whether such liabilities be actual or contingent, primary or
collateral and several or joint.

Customer’s initials

Page 5 of 7
12.2 Electronic Banking Agreement
11.1 1 Agreement and acceptance An instruction, including purchases of prepaid products, cannot be determined or revoked
This agreement becomes effective between you customers and Standard Bank (“the once sent to us. You will not hold us liable if you execute the same instruction more than
bank“, “we” or “us”) at the time of registering for electronic banking or at the time you once and neither instruction will be reversible.
access electronic banking whichever occurs first. For purposes of this agreement
“electronic banking” includes internet banking, mobile banking and pre-paid products 10 Confirmation of receipt of your instructions
through internet or Mobile banking. An instruction is deemed to be received by us only once we have confirmed we have
received it. If we fail to confirm receipt of your instruction, do not re-send the same
2 Incorporated terms. instruction before checking your statements and contacting our customer care centre
In addition to this agreement, the terms and conditions automated teller machine (ATM) (+265) 8000 1111. This is because the initial instruction may still be processed and re-
card (bank card terms) and account or facility terms and conditions (other terms) shall sending instruction may lead to double transaction for which we will not be held liable.
apply to all transactions you carry out or instruct us to carry out through bank accounts
linked to the card or account number you select when using electronic banking . In the 11 Access code protection and irregularities
event of conflict between the provisions of this agreement and bank card terms or any An “access code” refers to your password and user name.
other term, the provision of this agreement prevail. Where the bank card terms require You must protect and keep your access codes confidential at all times. It not same to
amendment or additions there to be reduced to writing and/or signed your acceptance of store them on your computer or network.
this agreement shall bedeemed to such requirements. We rely on you to report any compromise of your access codes to us without delay. You
may do this by contacting our customer care centre of your branch. We may ask you to
3 Defining the device and medium verify your identity to provenrsonating you.
The device which you select to access electronic banking may include a computer, Once you notify us to disable an access code we are entitled to.
cellphone, telephone, television or similar technologies (the device) and the medium a) reject all instruction received after such notification.
through which you access electronic banking may include the inter net, wireless b) Suspend the processing of all instructions not yet executed.
application protocol (WAP), wireless internet gateway (WIG), short messaging system c) Reverse (if possible) all executed instruction from effect from such date and time as we
(SMS), voice over an automated voice recognition system or similar technologies (the may reasonably determine the authorized use to have commenced.
medium). We will refer to the device and the medium collectively as “the communication d) Deactivate access code without further notice.
system”. Where particular communication system requires contractual provisions different e) There will never be a reason of any person including a member our staff or customer
from other communication system, this will be clearly stated in this agreement. care centre (+265) 8000 1111 to know or ask for your access code.
Do not disclose an access code to these persons, regardless of whether you called them
4 Linked text or they called you. You must immediately notify us if you discover an error or irregularity.
For ease of use, we have included the automated links (hyperlinks) in this agreement to You can report any errors to our customer care centre (+265) 8000 •1111 or at any branch.
information elsewhere on the communication system. This link are indicated by blue
underlined text and your mouse’s cursor should change into a hand or other pointer when 12 One Time password
held over this text. You are obliged to view the relevant parts of the hyperlinked A unique and time-sensitive password used as added security on Internet banking. The
information, which information will be regarded as forming part of this agreement. If your password does not replace the pass word you use to log on to Internet banking but
communication system cannot access the hyperlinks, you must visit our website at provides second of security.
www.encrypt.standardbank.co.mw/wap to access the linked information or contact our The password will be sent by you by SMS and is valid for one Internet banking session
customer care centre (+265) 8000 1111. only,
The one time password (OPT) is used for the following;
5 Amendments _ Adding beneficiaries
We may amend this agreement from time to time and you are bound by the version of _ Amending beneficiaries
agreement that exist at the time you access electronic banking. The date of the version _ Changing your password your call phone number.
is recorded above clause 1.
13 Ending a session
6 Requirements and registration You must ensure that you log-off from internet banking service.
Before you can use electronic you must follow certain steps.
14 Your authority
Internet banking You permit us to regard all activities you conduct or instructions sent after you enter your
You must first register at your nearest branch by filling in a registration form. You will be access code as being authorized by you and intended to have legal force and effect. duct
issued with a password that you have to change once you have logged on to the internet or instructions sent after you enter your access code as being authorized by you and
site for the first time. You must then create your own password. intended to have legal force and effect.

For more information on how you can do this you can visit a branch or call our customer 15 Sufficient notice
care centre (+265) 8000 1111. You permit us to produce notices required in terms of this agreement, registration or
legislation by making such notification available via our communication systems or
Mobile banking sending such notification by email, SMS or someone else from impe_ Changin•ilar future
You must first register at your nearest branch by filling in a registration form. You will be technologies. Any notices so issued by us, will as far as they contain contractual terms
issued with a password. For customers with Internet Banking, you can register with this relating to electronic banking, also form part of this agreement.
service online.
For more information on how to do this you can visit our branch or call our customer care 16 No offer recommendation or solicitation
centre (+265) 8000 1111. Your cellphone will meet certain technical requirements before Unless clearly stated, all material on the communication system merely constitute an
you will have the functionality which is needed to do cellphone banking. invitation to do business with us. It does not constitute an offer or solicitation to buy or
Pre-paid products. sell, or dispose in any way, of any investment, r to enter into any transaction.
The value of the pre-paid recharges is linked to your daily cash withdrawal limit.
You need your ATM card and pin to recharge your airtime at ATM. 17 Nature of information on the communication system
To use our other self service-channels, including Internet banking and Mobile banking, Information on the communication system is intended to provide with only general
you will need to login using your details from your self-service banking profile, go to the information about the bank, its products, services and objectives. From the time to time
nearest branch to register. Note that as payment cannot be reversed, neither Standard we may provide information on:
Bank nor your service
provider will be held responsible should the cellphone number you entered not to be the a) projected revenues, income earnings per share, capital expenditure dividends. Capital
one you wish to recharge. structure or other financial items;

Verification b) our plans, objective and projections for future operations and service ;
You may not create a password using somebody else’s bank details. Before we allow and
you access to electronic banking you may require information from you so that we can
verify that you are who you say you are. We will require your prior consent (express or c) Future economic performance.
implied),to perform credit or other checks on before we process an instruction fees are These will be only estimates so actual events or results may differ. All information is
available on you before we process an instruction. provided o“as is” and should not be treated as professional or investment advice of any
kind. You should consult your own professional adviser before relying on any information
7 Fees on the communication system.
For the use of electronic banking you will be charged the following fee:
18 Information feeds
a) For internet banking we may charge you a monthly subscription fee. We may use the services of other organisations to provide information on the
communication system. We have no control over this information and make on
b) We may charge a transaction fee based on the type of transactions you perform. Details representations or warranties of any nature as to its accuracy, appropriateness or
our standard subscription and transaction fees are available on our website and at correctness. You agree such information is provided “as is” and we will not be directly or
branches. indirectly liable for any damages that may arise from you relying on it. All quotes new,
market inforgree such information is provided “as is” and we will not be directly or
c) For mobile banking we may charge you subscription fees as well as transaction fees. indirectly liable for any damages that may arise from you relying on it. All quotes new,
market information
If you fail pay our fees or if you have insufficient funds in the accounts which you have such as share prices or data shown on the communication system by way of live
selected for this purpose, reverse the right to refuse you access to the relevant electronic information feeds are delayed by at least 30 minutes unless otherwise stated. You should
banking and to debit all outstanding fees to any other account you have with the bank. always select the “refresh” or similar page or screen update function on your internet
browser or handset to ensure that the information you are viewing is the most current.
8 We will act on instructions that appear to have been sent by you
Use of a communication system means we do not interact face-to-face. 19 Links to third part communication systems
Unless you notify us before we give effect to an instruction, you authorize us to rely on The communication may contain links to other communication system that carry
and perform all instruction that appear to originate from you (even if someone else in information and material produced by other parties.
impersonating you). While we tried to prevent links only to reputable communication systems we cannot
accept responsibility or liability for information provided on other communication systems.
9 Sending and processing instructions your instructions to us will be subject to same turn- A link from pour communication system to any other communication system does not
around times and processes that apply to customer profile, the type of account you have mean that we have scrutinized or endorse tthe owners or administration of such
and type of transaction involved. More information on the turn-round times for processing communication system or their business or security practices and operations.
of instructions is available on our website.

Customer’s initials
Page 6 of 7
Section 13 FATCA Clause

As part of our obligations in regards to United States’ (US) Foreign Account Tax The Bank reserves the right to terminate the Facilities should the Borrower, its
Compliance Act (FATCA), financial institutions and banks, including Standard Bank parent or substantial shareholder, surety and/or guarantor –
Limited are required to obtain your tax related information to determine whether your • become the subject of sanctions established by the a recognized sanctioning
account is a US Account, account held by a Recalcitrant Account holder, or Non-Par- body and/or
ticipating Financial Institution or bank. • acts to, directly or indirectly, benefit any party against whom sanctions have
been established by a sanctioning body.
You provide us your consent to:
a) obtain from you such tax related information as is necessary and in the format The Borrower hereby undertakes to indemnify and holds the Bank harmless against
determined by us to determine whether you fall within any of the above catego- actions, proceedings, claims and/or demands that may be brought against the Bank
ries, in which case your demographic and transactional data (as determined from and losses, damages, costs and expenses which the Bank may incur or sustain, in
time to time by the US Internal Revenue Service (“IRS”)), will be reportable by us connection with or arising out of;
to the US Internal Revenue Service;
b) disclose your information (as referred to in paragraph (a) above) to Withholding • the seizure, blocking or withholding of any funds by any Sanctioning Body
Agents if and when required as per the FATCA regulations; and/or sanctioning body and/or
c) withhold on any payments of US Source Income received by you to the extent • conduct an activity on its part, or that of its parent or substantial shareholder,
not already done by any other Withholding Agent (note that the maximum surety and/or guarantor that directly or indirectly benefits any party against
withholding that may apply to impacted US source income under FATCA is 30% whom sanctions have been established by any Sanctioning Body from time to
); and time.
d) close, block or transfer (to one of our related entities) your account within 90
days of a request for your tax related information (in the format determined by Sanctions Law, UN Sanction Laws, Sanctions list
us), being outstanding.”
and/or UN Sanctions List
Definitions:
US Account means, an account held by a US citizen, US tax resident, or an account The Customer/ Client warrants that either it, its parent or substantial shareholder,
having a substantial US owner that is a Specified US person as defined in FATCA,US surety and/or guarantor is not in violation of any Sanction Laws and any UN
treasury regulations. Sanction Laws or does not appear on any UN Sanctions List and the Sanctions List.

Recalcitrant Account means any account with US indicia that has not provided any For purposes of this clause:
requested documentation evidencing the account holder’s FATCA status or classifi-
cation. “Sanctions Laws” shall mean any anti-terrorism laws, export control and
economic sanctions laws and regulations issued by any sanctioning body
Non-Participating Foreign Financial Institution means any financial institution or “UN Sanction Laws” shall mean any anti-terrorism, export control and econom-
bank that has not registered with the IRS to enter into a Foreign Financial Institution ic sanctions laws and regulations issued by the United Nations Security
Agreement and is not otherwise exempt as a certified-deemed compliant financial Council or its committees pursuant to any resolution under chapter VII of the
institution or bank or exempt beneficial owner. United Nations Charter or any domestic laws or regulations implementing the
same
US Source Income means fixed or determinable annual or periodic income from “UN Sanctions List” shall mean any list promulgated by the United Nations
sources within the US as defined in FATCA, US treasury regulation §1.1473-1(a)(2).. Security Council or its committees pursuant to any resolution under Chapter VII
of the United Nations Charter
Withholding Agent means a financial institution or bank empowered to withhold US “Sanctions List” shall mean the ‘Specially Designated Nationals and Blocked
Source Income in terms of an agreement with the US. Persons’ list maintained by the office of Foreign Assets Control of the Depart-
ment of Treasury of the United States America, the Consolidated List of
Financial Sanctions Targets and the Investment Ban List maintained by Her
Majesty’s Treasury, or any list replacing any of the foregoing lists.
Sanctions Clause for Credit Facilities The Customer/ Client hereby undertakes to notify the Bank if either it, its parent
or substantial shareholder, surety and/or guarantor becomes the subject of a
Sanctions Law, UN Sanction Laws, Sanctions list and/ or UN Sanctions List sanctions investigation
The Borrower warrants that either it, its parent or substantial shareholder, surety
and/or guarantor is not in violation of any Sanction Laws and any UN Sanction Laws The Bank reserves the right to terminate its relationship with the Customer/ Client
or does not appear on any UN Sanctions List and the Sanctions List. and/ or close all accounts or any account that the Customer may have with the Bank
should the Customer/ Client, its parent or substantial shareholder, surety and/or
For purposes of this clause: guarantor –
“Sanctions Laws” shall mean any anti-terrorism laws, export control and economic • become the subject of sanctions established by the a recognized sanctioning
sanctions laws and regulations issued by any sanctioning body body and/or
“UN Sanction Laws” shall mean any anti-terrorism, export control and economic • acts to, directly or indirectly, benefit any party against whom sanctions have
sanctions laws and regulations issued by the United Nations Security Council or been established by a sanctioning body
its committees pursuant to any resolution under chapter VII of the United Nations
Charter or any domestic laws or regulations implementing the same The Customer hereby undertakes to indemnify and holds the Bank harmless
“UN Sanctions List” shall mean any list promulgated by the United Nations Security against actions, proceedings, claims and/or demands that may be brought against
Council or its committees pursuant to any resolution under Chapter VII of the the Bank and losses, damages, costs and expenses which the Bank may incur or
United Nations Charter sustain, in connection with or arising out of;
“Sanctions List” shall mean the ‘Specially Designated Nationals and Blocked • the seizure, blocking or withholding of any funds by any Sanctioning Body
Persons’ list maintained by the office of Foreign Assets Control of the Depart- and/or
ment of Treasury of the United States America, the Consolidated List of Financial • conduct or activity on its part, or that of its parent or substantial shareholder,
Sanctions Targets and the Investment Ban List maintained by Her Majesty’s surety and/or guarantor that directly or indirectly benefits any party against
Treasury, or any list replacing any of the foregoing lists whom sanctions have been established by any Sanctioning Body from time to
The Borrower hereby undertakes to notify the Bank if either it, its parent or substantial time.
shareholder, surety and/or guarantor becomes the subject of a sanctions
investigation.

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