General Terms and Conditions for Foreign Correspondent Banks

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1 I. Current account ACCOUNT OPENING DOCUMENTATION Account opening request (sent through an authenticated SWIFT message or by fax duly signed by authorized persons) Licence (copy certified by a public notary) Last available annual report Terms and Conditions for Correspondent Banks Standard Settlement Instructions Wolfsberg AML Questionnaire duly filled out Correspondent Bank AML/KYC Questionnaire duly filled out Additional documentation upon a request ACCOUNT MAINTENANCE Account Maintenance One or two accounts More than two accounts Daily MT950 Statements of Account (Sent daily if there is a change in the account balance) MT950 Statements of Account with fixed frequency (Sent regardless of the account activity) monthly weekly daily Repeated MT950 Statements of Account 0 per client, monthly EUR 100 per client, monthly EUR 10 per month EUR 20 per month 0 per month EUR 20 per statement 1. Charges for the account maintenance and the execution of bank transfers are calculated on monthly basis and debited to your account on the 15th working day of the following month at the latest. 2. Specification of the monthly account charges will be delivered via an MT990 Advice of charges or requested by an MT991 Request for the payment of account charges if the account balance is not sufficient to cover the monthly charges. 3. Interest is calculated on quarterly basis. Overdraft interest is based on average EONIA during one month prior to the calculation period. Interest Statements are delivered via MT299. II. Transfers and payments BANK TRANSFERS (MT2xx, credits and debits) Internal transfers if received after the standard ZABA cut-off time External transfers if received after the standard ZABA cut-off time EUR 1 EUR 30

2 COMMERCIAL PAYMENTS (MT103) In favour of accounts with ZABA Payments with option SHA/BEN Payments with option OUR (charges are requested from the Sender for amounts up to EUR 30,00 for amounts from EUR 30,01 to EUR 1.000,00 for amounts from EUR 1.000,01 to.000,00 for amounts from.000,01 to EUR ,00 for amounts from EUR ,01 to EUR ,00 for amounts from EUR ,01 to 0.000,00 for amounts above 0.000,00 In favour of accounts with other banks Non-PSD payments with option SHA/BEN PSD compliant payments (within EU/EEA, in EU/EEA currencies, no benededuct, SHA charging option, charges are requested from the Sender on a monthly basis) Payments with option OUR to accounts with Croatian banks (charges are requested from the Sender third bank charges included) Payments with option OUR to accounts with banks abroad charges are requested from the Sender - third bank charges are requested in addition to Zagrebacka banka s charges) for amounts up to 00,00 for amounts from 00,01 to EUR ,00 for amounts above EUR ,00 for the Sender EUR 10 EUR 15 EUR 20 EUR 35 EUR 45 for the Sender EUR 3,50 EUR 15,00 EUR 1 EUR 10 N.B. Zagrebačka banka does not honour OUR charges exceeding a maximum of 0. CONDITIONAL PAYMENTS 3,0 (min EUR 15, max EUR 600) per payment PAYMENTS REQUIRING ADDITIONAL PROCESSING Amendment EUR 15 Recall/cancelation of order if non-executed if executed (subject to beneficiary s approval) EUR 25 0 Incomplete/unclear instruction EUR 30 Adjustment of value dates leading to payment of interest EUR third bank charges Return of orders that cannot be executed EUR 15 NON-STP charge Inquiries related to transactions older than 30 days EUR 30

3 III. Collection of cheques Drawn on ZABA Drawn on other banks (credit after collection) for amounts up to EUR 20 (or countervalue) for amounts over EUR 20 (or countervalue) Stop payment of a cheque 1,0 (min EUR 10) per collected amount EUR 25 per cheque Unpaid cheques 2,0 (min EUR 20) per cheque + protest charges IV. Collection of documents, acceptances and drafts Documents against payment / acceptance 1,5 (min EUR 75) Obtaining acceptances 1,5 (min EUR 75) Delivery free of payment This fee is also charged in cases when documents originally taken up for collection are delivered free of charge in accordance with amended instructions Amendment fee 1,5 (min EUR 75, max EUR 150) 0 per amendment Documents for collection and bills of exchange returned unpaid or recalled 1,5 (min EUR 75) + protest charges Charges of release of goods shipped to our address or left at our disposal 1,5 (min EUR 75) Payment commission (collection): Export related collection up to 0.000,00 over 0.000,00 payment through another Croatian bank up to EUR ,00 payment through another Croatian bank over EUR ,00 Import related collection up to EUR ,00 over EUR ,00 EUR 20 per payment 0 per payment per payment EUR 10 per payment per payment EUR 10 per payment The acceptance and execution of collections are subject to the General Terms and Conditions for Correspondent Banks as amended at any given time and to the Uniform Rules for Collections published by the International Chamber of Commerce in Paris, latest revision. OUR/SHA/BEN charges are applied for the execution of the payment resulting from the collection.

4 V. Documentary credits Advising a credit 1,0 (min EUR 75, max EUR 800) Pre-advising an import or export credit 0 Confirming a credit (plus advising charge) up to 3 months up to 6 months over 6 months by arrangement (min EUR 150) by arrangement (min EUR 300) by arrangement (min EUR 100) per month or part thereof Deferred payments under confirmed credits by arrangement (min EUR 100) per month or part thereof Taking up of documents 1,0 (min EUR 75) Amendment to a credit Amendment to terms of an export or import credit Amendment to an export credit increase of the amount EUR 75 per amendment 1,0 (min EUR 75, max EUR 800) Maturity control (non-confirmed credits with deferred payment) 1,0 (min EUR 75, max EUR 400) Handling of discrepant documents received EUR 75 per set of documents Acknowledgement of proceeds assignmen (except initial acknowledgement) EUR 75 Charges of release of goods shipped to our address or left at our disposal 1,5 (min EUR 75) Payment commission (collection) export credit up to 0.000,00 over 0.000,00 payment through another Croatian bank up to EUR ,00 payment through another Croatian bank over EUR ,00 EUR 20 per payment 0 per payment per payment EUR 10 per payment OUR/SHA/BEN charges are applied for the execution of the payment resulting from the documentary collection. VI. Reimbursement under documentary credits Advising of an authorisation to reimburse without engagement on our part EUR 75 Confirming of a reimbursement authorisation up to 3 months up to 6 months over 6 months Plaćanje temeljem rambursnog ovlaštenja Izmjene by arrangement, (min EUR 150) by arrangement (min EUR 300) by arrangement (min EUR 100) per month or part thereof EUR 75 per payment EUR 75 per payment Documentary credits are subject to the General Terms and Conditions for Correspondent Banks as amended at any given time and to the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce in Paris, latest revision.

5 VII. Guarantees in foreign currency Issuing a guarantee EUR 100 (+ 3,0 quarterly, min EUR 100) Advising a guarantee 1,0 (min EUR 75, max EUR 400) Amendment to a guarantee EUR 75 Request for payment 2,5 (min EUR 75, max EUR 400) Forwarding a guarantee (or amendments to a guarantee), to a third bank, with verification 0 of authenticity VIII. Miscellaneous Confirmations: Balance confirmations Relationship status confirmation for foreign banks EUR 20 EUR 125 Status report on bank/company without financial highlights (depending on reciprocity) EUR 30 Encoding Encoding service for third parties Incorrect code EUR 30 EUR 30 Inquiries related to transactions older than 30 days EUR 30

6 IX. Cut-off times BANK-TO-BANK TRANSFERS (applicable only if cover is provided) Book transfer (between accounts with ZABA) same day value if the MT2xx instruction is received HRK transfer to a domestic bank same day value if the MT2xx instruction is received HRK transfer b/o domestic bank f/o account with ZABA same day value guaranteed funds available on the value date if MT2xx received funds available on T+1 if MT2xx received EUR and USD transfer f/o accounts with other banks same day value if the MT2xx instruction is received Transfers in other currencies f/o accounts with other banks T+1 value if the MT2xx instruction is received COMMERCIAL PAYMENTS (applicable only if cover is provided) Same day value can be guaranteed for book payment for payment to an account with another bank CUT-OFF TIME FOR BUSINESS DAYS WITH SHORTENED BUSINESS HOURS (applicable only if cover is provided) Same day value can be guaranteed for commercial payments to other banks for bank transfers to other banks before 16:00h CET before 15:00h CET before 16:00h CET after 16:00h CET before 11:00h CET before 13:00h CET before 16:00h CET before 13:00h CET before 11:00h CET before 13:00h CET X. General remarks 1. The aforementioned conditions are subject to change without previous notice. 2. We reserve the right to levy a special charge when exceptional work is involved or in the event of unusual circumstances. 3. Postage, SWIFT, cable, telephone charges and other out-of-pocket expenses as well as correspondent s charges, if any, are for your account. February 2016