TERMS and CONDITIONS Applicable to Foreign Correspondents Issue April 4th, 2012 These Terms and Conditions supersede all those previously issued and are subject to change at any time without prior notice. The General Conditions outlined below apply to transactions in Euro and in foreign currency, and relate to standard transactions. Documentary credits and the acceptance and execution of collection and procurement orders are subject to the "General Business Conditions of the Austrian Credit Institutions" as well as to the "Uniform Customs and Practice for Documentary Credits" and the "Uniform Rules for Collections", respectively. Usual postage is included in the rates for clean collections, but not in those for documentary collections, where it will be added to applicable rates. Correspondents charges, if any, as well as our out-of-pocket expenses, i.e. telephone, SWIFT and telex charges as well as additional charges will be charged separately. Any items requiring other than normal handling will be subject to additional charges. Expenses for remittance of collection proceeds, if any, additional. All Terms and Conditions will be quoted upon request. For further details please contact: Telephone number: from other countries: +43 5 99 05 / extension (ext.) in Austria: 05 99 05 / extension (ext.) Letters of Credit ext. 22562/22208 Export- and Trade Financing ext. 22362 Foreign Guarantees ext. 22529 Bank Relationship Management ext. 32999/22507 Collections ext. 22258 Treasury settlement ext. 22539 Bill of Exchange ext. 22423 Payment Products Management ext. 32992 BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft Georg-Coch-Platz 2, A-1018 Wien Telefon: +43 5 99 05 0 Telefax: +43 5 99 05 22840 SWIFT-Adresse: BAWAATWW, OPSKATWW Internet: http://www.bawagpsk.com Page 1 of 5
1. Current Account Credit interest subject to arrangement Debit interest subject to arrangement Confirmation of balance EUR 75.- 1.1. Bank-to-bank transfers in Euro no charge 1.1.1. Cut-Off Time for same day value transfers in Euro - settlement via TARGET 05:00 p.m. CET - settlement via SWIFT 03:00 p.m. CET 2. Clean Payment Orders and Cheques Drawn on us 2.1. PSD-regulated credit transfers in favour of accounts in Austria 1 2.1.1. Payments with options BEN and SHA - Payments in favour of customers of third banks Clearing Fee (to be borne by the ordering bank) EUR 2.50 - Payments in favour of customers of BAWAG P.S.K. free of charge for ord. bank 2.1.2. Payments with option OUR - Charges: see point 2.2.1., 2.2.2. 2.1.3. Non-STP-Payments Charges (to be borne by the ordering bank regardless of charging option) in addition EUR 5.- 2.1.4. Cut-Off Times: 11:00 a.m. CET 2.2. Payments with option OUR in favour of accounts in Austria 2.2.1. STP 2 -Payments in Euro - up to EUR 12,500.- EUR 3.50 - up to EUR 50,000.- EUR 9.- - above EUR 50,000.- EUR 17.- - TARGET-Customer Transfers 4:30 p.m. CET - SWIFT-Customer Transfers 11:00 a.m. CET 2.2.2. STP-Payments in EEA 3 -Currencies and CHF - up to EUR 12,500.- EUR 5.50 - up to EUR 50,000.- EUR 11.- - above EUR 50,000.- EUR 19.- 11:00 a.m. CET 2.2.3. STP-Payments in Other Currencies - up to EUR 12,500.- EUR 8.- - up to EUR 50,000.- EUR 13.- - above EUR 50,000.- EUR 20.- 11:00 a.m. CET 2.3. Payments with options SHA and BEN in favour of accounts in Austria 2.3.1. STP-Payments in all Currencies free of charge for ord. bank Charges (to be deducted from the transferred amount): see points 2.2.1., 2.2.2., 2.2.3. see points 2.2.1., 2.2.2., 2.2.3. 2.4. Urgent Transfers with options OUR, SHA and BEN in favour of accounts in Austria Charges: see points 2.2.1., 2.2.2., 2.2.3., 2.3.1., 2.5. 3:00 p.m. CET 1 PSD-regulated payments are transfers under the Payment Service Directive (PSD 2007/64/EC) by the European Commission, which was transposed into Austrian Law in the form of ZahlungsDiensteGesetz, effective Nov. 1, 2009. PSD regulates domestic and cross-border payments services within the countries of the European Union (EU), Norway, Iceland and Liechtenstein in EUR or the legacy currencies of these countries. 2 STP: Straight Through Processing 3 EEA: European Economic Area Page 2 of 5
2.5. Non-STP-Payments (incl. Urgent Transfers) with options OUR, SHA and BEN in favour of accounts in Austria (all Currencies) Charges (to be borne by the ordering bank regardless of charging option): in addition EUR 5.- The fees mentioned in points 2.2.1., 2.2.2., 2.2.3., 2.3.1., 2.4. will be charged according to the option. see points 2.2.1., 2.2.2., 2.2.3., 2.3.1., 2.4. 2.6. SWIFT to Cash Out-Payments in Austria (pay-out in Euro) Charges: see points 2.2.1., 2.2.2., 2.2.3., 2.3.1. in addition EUR 3.- see points 2.2.1., 2.2.2., 2.2.3., 2.3.1. 2.7. Emergency Payments Urgent SWIFT to Cash Out-Payments up to EUR 12,500.- in Austria (pay-out in Euro) Charges: see points 2.2.1., 2.2.2., 2.2.3., 2.3.1., 2.5. in addition EUR 15.- 2:00 p.m. CET 2.8. Payments with option OUR in favour of accounts abroad 4 (Transfers to foreign banks) 2.8.1. Payments in all Currencies - up to EUR 12,500.- EUR 20.- - up to EUR 50,000.- EUR 30.- - above EUR 50,000.- EUR 50.- see points 2.2.1., 2.2.2., 2.2.3., 2.3.1. 2.9. Payments with options SHA and BEN in favour of accounts abroad (Transfers to banks abroad; free of charge for the ordering bank; charges to be deducted from the transferred amount.) 2.9.1. Payments in all Currencies - up to EUR 12,500.- EUR 10.- - up to EUR 50,000.- EUR 15.- - above EUR 50,000.- EUR 25.- see points 2.1.1., 2.2.2., 2.2.3., 2.3.1. 2.10. Non-STP-Payments with options OUR, SHA and BEN in favour of accounts abroad 3 Charges (to be borne by the ordering bank regardless of charging option): in addition EUR 5.- The fees mentioned in points 2.8.1., 2.9.1. will be charged according to the option. see points 2.8.1., 2.9.1. 2.11. Cheques Drawn on us no charge 2.11.1. Stop payment orders (per cheque) EUR 30.00 - older than 6 months EUR 60.00 2.12. Charges for investigations, cancellations, stop payments, queries and answers, requests for additional transaction information, amendments of transactions or value date, claims of receipt (not caused by BAWAG P.S.K.) - Within 6 months EUR 30.00 - Older than 6 months EUR 60.00 - Return of payment EUR 30.00 - Request of voucher duplicates / item EUR 5.40 - Administrative work for special cases / hour EUR 62.00 Additional charges of other involved banks will also be debited. 2.13 Low Value Payments according to agreement 4 If the charges of the foreign correspondent banks are higher than the flat fee of BAWAG P.S.K., we reserve the right to debit the ordering bank with supplementary foreign bank charges as calculated. Page 3 of 5
3. Documentary Credits (Irrevocable), Commercial Letters of Credit, Documentary Guarantees and Standby L/C's 3.1. Advising a credit or passing it on (without our responsibility) 1 for each 90 days of validity or part thereof, minimum EUR 70.- 3.2. Confirmation commission to be agreed 3.3. Commission for payments against, and/or negotiation, and/or taking up of documents, including payments made in the absence of documents 2.5, minimum EUR 70.- 3.4. Commission for deferred payment (in addition to above) a) unconfirmed L/C's 1 for each 90 days or part thereof until due date of payment, min. EUR 70.- b) confirmed L/C's to be agreed 3.5 Commission for amendments (unless the amendment is subject to another commission) EUR 70.- 3.6. Commission for handling consignments of goods sent to the bank's address or placed at the bank's disposal 3.0, minimum EUR 100.- 3.7. Commission for the delivery of acceptances against presentation of the stipulated documents 2.5, minimum EUR 70.- 3.8. Commission for reimbursement on offices of our bank - evidencing fee EUR 75.- - for each payment effected under reimbursement authorisation EUR 75.- - in case the authorisation is to bear a binding confirmation to be agreed 3.9. Charges for documentary payment orders - Payment commission 2.5 minimum EUR 70.- 3.10. Charge for taking up documents showing discrepancies under L/C's opened by us EUR 100.- 4. Commissions for Documentary Collections 4.1. For delivery of documents against payment or acceptance of the accompanying draft, or against a letter of undertaking 1.5, minimum EUR 70.- The above charges also apply if delivery of the documents has not been effected due to non-payment or nonacceptance of the draft or failure to produce a letter of undertaking, or it the original documentary instructions, while being exercised, have been amended to free delivery" or withdrawn. 4.2. Commission for handling consignments of goods sent to the bank's address or placed at the bank's disposal 3, minimum EUR 100.- 4.3. Commission for amendment EUR 35.- 5. Items for Free Delivery 5.1. Clean remittances 0.25, min. EUR 40.- 5.2. Documents 0.75 of the value of goods, minimum EUR 70.- 6. Collection of Cheques 6.1. Presentation for collection and subject to final payment according to agreement 6.2. Cheques drawn on BAWAG P.S.K. no charge 6.3. Charge for returned cheques EUR 30.00 Additional charges of other involved banks will also be debited. 7. Clean Bills and Other Clean Remittances 7.1. Domiciled at banks EUR 100.- 7.2. Domiciled at non-banks EUR 100.- Page 4 of 5
8. Presentation of Items for Acceptance 1, min. EUR 50.- 9. Clean Items and Other Clean Remittances Returned Unpaid or Unaccepted 9.1. Bills discounted by us 1/3% 10. Value Date and Exchange Rate of Cheques, Bills and Other Remittances Payable in Austria 10.1. Value Date 10.1.1. Presentation for Collection to be agreed 10.1.2. Subject to Final Payment : drawn on BAWAG P.S.K. - in Euro 1 banking day after receipt - in Foreign Currency 2 banking days after receipt drawn on other Austrian banks to be agreed 10.1.3. Cut-Off Time 11:00 a.m. CET 10.2. The expenses of a courier service are always for the account of the remitting bank 10.3. Exchange Rate BAWAG P.S.K.-Fixing 11. Safe-custody of Securities 11.1. Austrian and foreign securities held in 11.1.1. - collective custody account 0.25 p.a. market value or at least of nominal value 11.1.2. - individual custody account 0.50 p.a. market value or at least of nominal value 11.1.3. Austrian and foreign securities physically held abroad 1.25 p.a. market value or at least of nominal value 11.2. Minimum charge per depot EUR 7.20 12. Foreign Guarantees 12.1. For handling guarantees in favour of domestic beneficiaries (without our responsibility) 12.1.1. Advising commission 1, min. EUR 70.- 12.1.2. Amendment fee EUR 50.- 12.2. For issuance of guarantees in favour of domestic beneficiaries under counter-guarantees of foreign banks 12.2.1. Commission to be agreed 12.2.2. Issuance Commission EUR 70.- 12.2.3. Amendment Commission EUR 45.- Page 5 of 5