APPLICATION FORM CORPORATE ACCOUNT WITH LOYAL BANK

Transcription

1 For official use only Client name Cust. ID Acc. Num. Internal contact Doc. reg. nr.: Condition gr. spec.: Referred by: APPLICATION FORM CORPORATE ACCOUNT WITH LOYAL BANK Please note that only fully completed, duly signed, English language application forms, accompanied by all required documents will be processed. Completion aid on 9 languages is available on Loyal Bank website. Please complete the form electronically or in block letters. For fees please always consult our web site Required documentation for account opening 1. Certified/notarized/apostilled set of copies of the company documents (preferably in English please note that the Bank reserves the right to request a certified a translation): - Certificate of Incorporation - Share Certificate (if the company has registered shares) - Certificate of Good Standing if the company has been registered more than 1 year before submitting this application - Memorandum and Articles of Association (including the appointed director s and shareholders names) - Declaration of Trust if minee Shareholder is used - Power of Attorney if minee Director is used - Operating Agreement in case of an LLC - Articles of Incorporation/Organization in case of LLC - Certificate of Ownership in case of LLC - Trust Deed in case of a Trust - Certificate of Registration in case of a Trust 2. Resolution of the Board of Directors, as authorization for the account opening and conferring authority on the person who will operate the account 1

2 3. tarized/certified copies of passport or other acceptable ID 1 (the page containing photo and signature) for Shareholders, Authorized Person, Additional Authorized Persons (if any), Attorney in Fact (if any) all Directors and Officers, as well as the Beneficial Owners. A notarized copy of driver s license is also required for US and Canadian citizens Proof of address Original or certified/notarized copies of a Utility Bill or Bank Statement 3 for the Shareholders, the Authorized Person, Additional Authorized Persons (if any), Attorney in Fact (if any) all Directors and Officers, as well as the Beneficial Owners Original Bank references for Authorized Person, Additional Authorized Persons (if any), Attorney in Fact (if any) all Directors and Officers, as well as the Beneficial Owners Bearer Share Declaration if applicable. 7. Due diligence for minees if applicable Specimen signature form for authorize person(s). 9. FATCA Declaration Form. Please provide these documents in scans first to your key account manager if any or through applications@loyalbank.com so that a member of staff reviews them before their hard copies are sent to the Bank s Head Office at St Vincent. Loyal Bank does not disclose client data to third parties unless required by the local authoritiesin St Vincent. General features of account 1. Company name: 7 2. Do you hold an existing account with Loyal Bank? Yes If yes, account name: Account number: 3. Please specify the type of debit card you would require for this new account, by ticking the appropriate box(es): Cards only can be issued in EUR or USD. USD Master Card USD Cirrus Maestro Card EUR Master Card EUR Cirrus Maestro Card USD Platinum Card 8 EUR Platinum Card card requested 1 The driver license alone is not sufficient. 2 Any ID submitted should be valid for at least a further 6 months from the submission date. Please make sure that you submit the copies of the same ID you will have referred to in the application form. 3 Any bank statement as proof of address, and the bank reference letter should come from different banks. 4 Any document submitted should be on the given person s name and show the private address used in this application, and should not be older than 6 months. 5 The bank reference can be replaced with the set of the last three months bank statements for the name of the given person. 6 Declaration of Trust or minee Shareholder Agreement in case of minee Shareholders. Power of Attorney in case of minee Directors. A Certificate of Good Standing in case of any nominee is a company. A copy of passport or other ID (the page containing photo and signature) and a verification of address (not older than 6 months utility bill) for the nominee if it is a person. 7 Please indicate the corporate format as well (Ltd, LLC, etc.). 8 Please note that Platinum Card is only available if the minimum deposit of USD or EUR is placed and maintained on the account. 2

3 4. Please indicate in what currency(ies) you request this new account: EUR USD GBP CHF CAD If you request more than one currency, please indicate which the main currency 9 is: Please note that you can request any combination of currencies but card can only be attached to USD or EUR accounts. 5. Do you request account statements to be sent to you? Yes If yes, daily weekly monthly by courier 10 by post 11 via fax 12 via Please indicate on which currency(ies) Please provide address: 6. Do you request SMS confirmation on transactions? Yes If yes, please provide the mobile number 13 : 7. Do you request notifications on transactions? 14 Yes If yes, please provide address: 8. Please select only one most preferred language to communicate with LBL: English Russian Spanish Portuguese Japanese German French Chinese Italian 9. Please indicate what is your second preferred language for communication: English Russian Spanish French 10. s to be placed on card 15 : Company (max 25 characters) Individual (max 25 characters) 9 Please select only one as main currency the account opening fee will be deducted from the account opened in this currency. 10 To company mailing address. 11 To company mailing address. 12 To company mailing fax number. 13 In format 00, country code, area code, phone number. 14 Please note that services under points 6, 7 and 8 are chargeable for fees please visit our web site. 15 If you selected/ requited more than one card, the same name will be placed on all, unless you instruct us otherwise in a separate . 3

4 11. Details of the person authorized for operating the account: First name Family name (with prefix: Mr, Ms or Mrs) at birth Nationality Date and place of birth Passport/ID number and expiry date Street and number 16 City and postal code Country Phone number 17 address Are you a Senior Political Official or Civil Servant? Yes Family or close associate is If yes or family/close associate is, please specify Do you wish to have additional persons authorized to access and use the account 18? Yes If yes, do you request additional cards 19 to be issued for them? Yes Please indicate the signatory rights in NetBank 20 of authorized persons (choose one option only): any of them, individually two of them jointly view only Other, please specify: 14. Please indicate where you would require us to send the banking package i.e. card(s) and DigiPass(es): Mail address Authorized Person s address Other Full street address is required (if any) a P.O.Box alone is not accepted in case of courier service. 17 In format 00, country code, area code, phone number. 18 If yes, please make sure that you duly complete and submit the Additional Authorised Person form(s). 19 Additional cards have additional costs, for fees please check our website. 20 For the first two options additional DigiPasses will be delivered, which have additional costs. 21 By selecting Other you are confirming that this address is real and Loyal Bank will not be liable in case of postage lost. 4

5 In case of Other please fill the below information Street and number 22 City and postal code Country Method of delivery: courier 23 regular post 24 Contact name Phone number 25 : 15. Do you wish to use our NetBank services for Gold purchase 26? Yes 16. Do you wish to use our NetBank services for Forex trade 27? Yes 17. Do you wish to use our NetBank services for investments in Loyal Investment Funds 28? Yes If you have chosen yes to any of the above three questions, one of our colleagues will soon contact you to discuss all conditions and procedures. 18. How did you learn about Loyal Bank? Web Friend Customer Introducer Other 19. Do you wish to receive Loyal Bank electronic Newsletter? Yes Particulars of account holder 20. Company registered office (as written in the incorporation documents) Street and number City and postal code Country 22 Full street address is required (if any) a P.O.Box alone is not accepted in case of courier service. 23 For security reasons, the banking packages are always sent in two packages and in different days. Only the cost of regular airmail postage is included in the account opening fee courier costs a flat USD 65 or EUR 58 per package. For Central and South American as well as Caribbean addresses courier delivery is mandatory. 24 Loyal Bank will not take any responsibility for banking packages lost during airmail transit because air mail is not entirely secure or efficient in a number of countries and packages cannot be traced. In all circumstances Loyal Bank recommends the use of courier delivery. 25 In format 00, country code, area code, phone number. 26 For details of the service please visit 27 For details of the service please visit 28 For more information on Loyal Investment Funds please consult 5

6 21. Company mailing address (as written for postal service purposes) Street and number City and postal code Country 22. Further contact details of the company Phone number 29 Fax number 30 Web site 23. Other persons involved in the company Beneficial Owners: Main Officers and Directors: 29 In format 00, country code, area code, phone number. 3. All official correspondence, including the notifications on transactions, the Welcome Letter with the account number and electronic Newsletters (if requested) will arrive to this address. 6

7 Particulars of the business activity of the account holder 24. Short description of the company s activity: 25. Details of products or services provided: 26. Target customers and segments, target markets (please list specific countries): 27. Your main business partners (please provide the names and web sites of existing business partners or the type and business profile of partners you are planning to deal with): 28. Location of your Head Office and locations where main activity is done: 29. Number of staff: 30. Profession of the Authorized Person: 31. What will be the main source of funding this account with Loyal Bank? (e.g. previous business income, heritage, loan, etc.): 32. Please state the purpose of the account with Loyal Bank (e.g. collecting revenue from business activity, receiving loan, investment, paying staff etc.): 7

8 33. Turnover data in the last three years (USD): For start-up companies N/A 31 Estimated turnover for current year (USD): Proportion of annual turnover planned to arrive to LB account (USD): Expected average monthly turnover on LB account (USD): Estimated largest transaction to/from LB account (USD): Estimated number of transactions per year Is your company part of a holding or is it involved in cross-ownership structures? If yes, please describe the activities of the other companies as well. Please also submit an organization chart of the holding or structure. 35. Do you need any specific license for your activity in your home country? Yes If yes, please make sure that you submit a copy of it together with this application form. 36. Does your company enforce a Know Your Customer Policy? Yes If yes, please submit a copy of your policy together with this application. 37. Does your company make investments on behalf of third parties? Yes If yes, please provide us with a sample of your investment agreement with clients. We will also ask you to complete and submit our specific form called FX Trading Profile questionnaire. General Terms and Conditions At the request of the Client ( called here the Account Holder) and subject to satisfactorily completing its due diligence procedures, Loyal Bank ( called here the Bank ) agrees to open and, subject to the following terms and conditions, to maintain a Current Account in the name of the Account Holder, in one or more of the currencies offered by the Bank. 31 Start-up companies please indicate if this is not applicable (i.e. N/A). 8

9 The Bank undertakes as follows: 1. To handle, record and hold the Account Holder s funds, and subject to available cleared balances, to fulfill payment orders which are correctly prepared and submitted with genuine authorization to the Bank by the Account Holder. 2. The Account Holder may obtain information of transactions recorded on their Current Account together with the closing balances online through the Internet Bank (called here the NetBank) service of Loyal Bank. 3. Bankcards issued to the Account Holder by the Bank expire three years from the data of issue. Unless the cardholder gives notice in writing requesting cancellation of the card at least sixty (60) days before the expiry date, the Bank will provide the Account Holder with a new bankcard having the same parameters and facilities but with a new expiry date. Lost, damaged or stolen cards are replaced by the Bank irrespective of their expiry date. 4. The Bank is entitled to suspend or cancel any bankcard in the following cases: a. if the Bank receives information from any source about the loss or theft of the card; b. if the Account Holder does not comply with the terms of the present contract; c. if the current contract is terminated for any reason; d. If the bankcard becomes invalid or unusable and the Account Holder s request for a supplementary card although given, was not received by the Bank. 5. The Bank will fulfill payment orders given by the Account Holder up to the available Current Account balance, subject to blocking such proper part of the daily account balance as is required to cover expected bank charges, as laid down in the Bank Account Conditions (minimum reserved amount). 6. The Bank is not responsible and cannot adjudicate in any dispute between the Account Holder and any additional cardholder concerning the bankcard of the Current Account as each party to the account has equal usage and access via the bankcard. 7. The Bank will open other accounts for handling the Account Holder s funds (e.g. a deposit account) with the exception of accounts which are not at the Account Holder s disposal (e.g. security deposit account). Such accounts can be debited by the Bank under the instructions of the Account Holder or with standard bank fees and charges, which do not need any instructions or authority. 8. The Bank will fulfill the Account Holder s orders with due care and attention and in such an appropriate manner as it may at its own discretion at the Account Holder s risk and expense. The place of order fulfillment in connection with any account held by the Bank is the registered Office of the Bank in St Vincent and the Grenadines. 9. To keep all data at the Bank s disposal relating to the Account Holder or the Account Holder s contracts with the Bank strictly confidential, within the rules of the relevant jurisdiction. For their part, the Account Holder agrees as follows: 1. To provide the Bank at the time of account opening or contract signing with the name, full due diligence and specimen signature of all persons authorized to give instructions on the bank account of the Account Holder. The Bank will treat all specimen signatures as valid until the Account Holder withdraws them in writing. Client accepts and understands the term and amount of Minimum Initial Deposit and termination fee defined in FAQ and Business Rules and Regulations. 2. To be responsible for all instructions relating to the card, especially to the proper use of the bankcard, and to continuously maintain sufficient balance on the Current Account as is necessary to cover the card transactions and related charges and fees. 9

10 3. To forward any additional card holder(s) their bankcard(s) and other banking materials delivered to the Account Holder and to provide such cardholder(s) with information necessary for the proper use of the bankcard and to represent their interests and act on their behalf (if needed). 4. To immediately notify the Bank of all changes of his/her/its name, real address, mailing address or any other relevant data. In the event of loss or theft of the bankcard, to inform the Bank as soon as possible in order that card stoppage may be effected. Each cardholder is entitled to stop his/her card on his/her own, without permission of the Account Holder. 5. That he/she is fully aware, or has the opportunity to be aware, of applicable Laws, Rules and Regulations governing financial crime and that his/her account held with the Bank is not used for money laundering, terrorist financing, fraudulent activities, financial crime or any other criminal offences and he/she understands that the Bank may unilaterally freeze, restrict or terminate the account if this is found to be contravened. Other General Terms and Conditions: 1. This contract comes into force at signing by both of the Parties or at the time when the minimum deposit needed to operate a Current Account is credited to the account in the Bank s records. 2. The Bank is entitled to remedy any possible incorrect credits or debits arising through misunderstanding or error without special instruction from the Account Holder. Remedying of such corrections arising from accidental mistake is free of charge. 3. The Bank is not responsible for losses or damage occurring as a result of military force, political intervention, and prescriptions of domestic or foreign authorities or events occurring as a result of catastrophe, force majeure or Act of God. 4. If the Account Holder supplies false or erroneous data for fulfilment of his/her/its contractual liabilities (or for data processing) then the Bank shall not be liable for any resultant damage caused and may take whatever action is necessary to protect its position or reputation. 5. By his/her signature the Account Holder acknowledges the Bank s authority to obtain independent verification of any information provided in this Contract and its enclosures. 6. The Account Holder acknowledges that all credits to the account are and will be beneficially owned by the Account Holder and not any other party. 7. By his/her signature, the Account Holder and additional card holder confirm they have access to or awareness of the following information materials published by Loyal Bank: Business Rules and Regulations Bank Account Conditions Fees and Charges Web site information 8. The Account Holder can obtain information about the fixed and variable conditions of maintaining the current and other bank accounts including applicable rates of interest together with commissions, charge and costs debited by the Bank from the Bank s public website. The Bank reserves the right to modify conditions specified in the Bank Account Conditions at any time. 9. This contract will remain in force without renewal dates until terminated. The contract may be terminated by either party serving 30 days written notice upon the other and is subject to satisfactory settlement of the account. The Bank can terminate the contract and close the account with immediate effect in case of any misuse of the account or breach of contract. 10

11 10. All matters not regulated or mentioned in this contract are subject to the provision of the Bank s Business Rules and Regulations, Bank Account Conditions and St. Vincent and the Grenadines International Banks Act, 2004 the applicable law concerning interpretation and enforcement of the contract is the law of St. Vincent and the Grenadines. The responsible judicial court is the High Court of Justice, Kingstown, St. Vincent, St. Vincent and the Grenadines You can visit our website at to review our business rules and regulations Declaration by the Account Holder: I declare that I am not involved in any criminal, money-laundering or terrorist activity and the funds that are and will be held on my Loyal Bank account are not derived from gambling, gaming, adult entertainment or any illegal activities and that the information provided I have provided to the Bank is true and correct. I accept that Loyal Bank will report to the appropriate authorities in St. Vincent and the Grenadines any illegal activity or account behavior on my account. I have understood and accept these general terms and conditions. St. Vincent and the Grenadines Date: Authorised Person s name in block letters For and on behalf of the Bank Authorized Signatory 32 Authorized Signatory 32 Only the signature of the Authorised Person is accepted. Please note that by signing this form you also accept the general business terms and conditions of Loyal Bank Limited. These terms and conditions are listed on the last page, please carefully read them before signing the form. 11