Icici Bank Agreement

1. Principles of liability In the performance of its obligations, the Bank is liable for the negligence of its staff and persons as it is required to fulfil its obligations. If the special conditions of certain commercial relations or other agreements contain incompatible provisions, those provisions shall have priority. In the event that the customer has contributed through his own fault to the occurrence of the damage (e.g. B in breach of the participation obligations referred to in point 11 of these general terms and conditions), the principles of complicity determine the extent to which the bank and the customer must bear the damage. 2. Orders placed with third parties If the content of an order is such that the bank generally entrusts the continuation of execution to a third party, the bank executes the order by transmitting it to the third party in its own name (to a third party). This is the case, for example, with the collection of information on banking matters from other credit institutions or the custody and management of securities in other countries. In these cases, the bank`s liability is limited to the careful selection and training of the third party. 3. Operational disruptions The Bank is not liable for damages caused by force majeure, sedition, war or natural events or other events not attributable to the Bank (e.g. B strike, lock-out, reduction of traffic, administrative acts at home or abroad of high authorities).

1. Execution of orders through foreign currency accounts The client`s foreign currency accounts are used to liquidate payments and assignments made by the client in foreign currency. Disposal of assets in foreign currency accounts (e.g.B. (2) Jurisdiction of domestic customers Where the customer is a merchant and the disputed business relationship is due to the exercise of the activity of that merchant, the bank may sue that customer in the competent court for the banking service responsible for the bank or in any other competent court; The same applies to legal persons governed by public law and property governed by public law. . . .

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18th October 2021
Yalta Conference Agreement

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What Is Member Agreement Copy Icai

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