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11.2 By providing Custody services, the Bank acts as a sub-custodian and acts as an intermediary in a process of providing services of Armenian and/or foreign custodians. The Bank is not responsible for the activities and/or inactivity of Armenian and/or foreign custodians, including their decisions and rules, as well as their bankruptcy, operational risks, fraud, license revocation/cancellation, sanctions imposed on them, which may lead to negative consequences/losses for the Customer. |
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11.17 The Client's Instruction is the basis for freezing the transaction amount and commission on the Client's account, calculated with Bank tariffs for the execution of the Instruction until the moment of its execution. The Bank has the right to refuse the Instruction in case of insufficient funds of the Client. |
11.18 The Bank shall charge commission fees specified in the Tariffs from the Client's AMD accounts specified in the Contract. In case of insufficient funds on the AMD account specified in the Contract, the Bank shall have the right to directly withdraw the specified fees from other accounts of the Client opened with the Bank. In case of debiting commission fees from the Client's accounts in other currencies, the non-cash exchange rate of the Bank at the time of debiting is applied. |
11.18 The Bank shall charge commission fees specified in the Tariffs from the Client's AMD accounts specified in the Contract. In case of insufficient funds on the AMD account specified in the Contract, the Bank shall have the right to directly withdraw the specified fees from other accounts of the Client opened with the Bank. In case of debiting commission fees from the Client's accounts in other currencies, the non-cash exchange rate of the Bank at the time of debiting is applied. If there are not enough funds on Client's accounts for making the specified charges, the Bank has the right to charge an insufficient amount by forming a receivable in the name of the Client. |
11.23 The Bank undertakes to retain the Contract and Instructions submitted on its basis, as well as other documents for at least 10 (ten) years, unless a longer storage period is established by law |
11.23 The Bank undertakes to retain the Contract and Instructions submitted on its basis, as well as other documents for at least 7 (seven) years, unless a longer storage period is established by law. |
12.4 By signing the Application-contract, the Client confirms and acknowledges that when using investment services, the Client may experience the following risks. |
12.4 By signing the Application-contract, the Client confirms and acknowledges that when using investment services, the Client may experience the following risks, for which the Bank is not responsible for: |
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12.4.6 Infrastructure risk (counterparty risk). occurrence of potential losses. 12.4.6.1 As a result of decisions, internal policies, activity or inactivity of counterparties (including, but not limited to, custodians, clearing houses, registry keepers and other persons providing securities services (Third Parties)), 12.4.6.2 As a result of Third Party bankruptcy, operational risks, fraud, license revocation/cancellation, sanctions imposed on Third Parties, which prevent Third Parties from fulfilling their obligations. |
12.15 A separate brokerage account is opened with the Bank for each Client. |
12.15 A separate brokerage account is opened with the Bank for each Client, unless otherwise stipulated by the contract signed between the Bank and the Client. |
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12.41 The Client's Order is the basis for freezing the transaction amount and commission on the Client's account, calculated with Bank tariffs for the execution of the Order until the moment of its execution. The Bank has the right to refuse the Order in case of insufficient funds of the Client. |
12.45 For the services stipulated in the Terms, the Bank is charging the fee from the Client set by the Bank's Tariffs. |
12.45 For the services stipulated in the Terms, the Bank is charging the fee from the Client set by the Bank's Tariffs. In case of insufficient funds on the AMD account specified in the Contract, the Bank has the right to withdraw the specified fees directly from other accounts of the Client opened with the Bank. In case of debiting commission fees from the Client's accounts in other currencies, the non-cash exchange rate of the Bank at the time of debiting is applied. If there are not enough funds on Client's accounts for making the specified charges, the Bank has the right to charge an insufficient amount by forming a receivable in the name of the Client. |