These Tariffs apply only to operations within the framework of common practice. In this connection the Bank of Moscow can charge special commissions for additional services brought to the notice of the customer. The tariff may be modified or amended with prior notice of the customers.
- The Bank shall charge interest for the customer on the balance of the current foreign currency account at the beginning of each operation day:
- On the equivalent of up to US $ 50 000 — 0% per annum,
- On the equivalent of US $ 50 000, inclusive and above — 0.05 % per annum.
(the US $ equivalent of the relevant amount to be defined at the exchange rate of the Bank of Russia as of the day the interest is charged).
The interest so charged shall be paid to the customer monthly, not later than the first working day of the month following the month of account. In case of interest payment arrears the Bank shall pay to the correspondent bank a penalty of 0.01 % of the unpaid amount for each day of the delay.
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The Bank shall charge interest for the customer on the balance of the settlement account in Russian rubles at the beginning of each operation day at a rate of 3 % of the refinancing rate of the Bank of Russia for each relevant day.
The interest so charged shall be paid to the customer monthly, not later than the last working day of the current month. In case of interest payment arrears the Bank shall pay to the correspondent bank a penalty of 0.01 % of the unpaid amount for each day of the delay.
The operation day for the customers submitting settlement documents to the Bank of Moscow on paper shall begin simultaneously with the beginning of the working day of the operation business unit and end at 13:00 Moscow time. The operation day for the customers submitting settlement documents to the Bank of Moscow using the Bank-Client System or Internet Bank - Client system shall begin simultaneously with the beginning of the working day of the operation business unit and end at 15:00 Moscow time.
An extended operation day for the customers submitting settlement documents to the Bank of Moscow on paper shall begin at 13:00 and end at 17:00 Moscow time.
An extended operation day for the customers submitting settlement documents to the Bank of Moscow using the Bank-Client system or Internet Bank - Client system shall begin at 15:00 and end at 17:00 Moscow time.
- Payment orders in foreign currency given by the Bank customers are accepted for execution till 15.00 Moscow time of the current day with the next working day valuation date. Transfers marked "Urgent" are executed with the current working day valuation date if the currency of payment is US dollars.
- Collection operations shall be performed in accordance with the "Unified Collection Customs and Rules" 1978 (Publication No. 322 of the International chamber of commerce), as may be later amended and modified.
- In case the expenses of foreign banks related to the operation are charged to the account of the applicant customer the Bank commission shall be increased by the amount of these expenses according to the Tariffs of the relevant foreign banks. Mail and telecommunication expenses shall be charged additionally.
- In case the Bank issues an obligation for plus-minus 10% the commission shall be charged on the amount increased by 10%.
- If the LIBOR rate is used in contractual relations between the Bank and the customer it shall mean the 30 days LIBOR rate in the currency of the account.
- Beginning with 01 January 2004 18% VAT rate shall apply.
Pursuant to Regulation No. 259-P of the Bank of Russia dated 07 June 2004, beginning with 01 August 2004 no commission shall be charged for the "K" and "N" type accounts.
