Electronic Channel Credit Terms.pdf

the standard terms for credit, overdraft, and urgent advance agreements concluded via electronic channels by the Liberty Bank's Board of Directors on December 2, 2013 (Resolution #197), with the last changes made on October 7, 2014 (Resolution #235). The agreement covers the following aspects:

1. Definitions: Defines key terms such as 'account', 'bank', 'bankomat', 'declarations and guarantees', 'annex', 'electronic channel', and 'electronic application'.

2. Declarations and Guarantees: Outlines the client's declarations and guarantees.

3. Usage of Credit/Urgent Advance/Overdraft:
- 3.1: Issuance and confirmation of credit/overdraft/urgent advance.
- 3.2-3.4: Rules for covering credit and related charges, overdraft and related charges, and urgent advance and related charges.
- 3.5: Monitoring and information presentation rules.

4. Prolongation/Refinancing of Credit/Overdraft:
- 4.1: Credit prolongation.
- 4.2: Overdraft prolongation.
- 4.3: Replacement of existing credit with a new one (refinancing).

5. Interest Calculation and Change Rules.

6. Security Measures.

7. Parties' Responsibilities.

8. Effectiveness and Termination of the Agreement.

9. Regulatory Legislation and Dispute Resolution.

10. Procedure for Submitting Claims to the Bank.

11. Communication.

12. Confidentiality and Personal Information.

13. Final Provisions.

An annex (#1) details the service commissions.