Modern Merchant Banking Treasury Summary Box This application form cover sheet provides you with a product summary box for each term currently available. Account name What is the interest rate? Can Close Brothers Treasury change the interest rate? What would the estimated balance be after 12 months based on 1,000 deposit? How do I open and manage my deposit? Can I withdraw money? Treasury Please refer to the cash illustrations, shown below. Note, accrued interest is paid annually and at maturity to your nominated bank account. No, this is a fixed term fixed rate deposit. Please refer to the cash illustrations, shown below. To comply with regulations issued by the Financial Conduct Authority we are required to show a cash illustration based on 1,000 deposit. This is for illustration purposes only; the minimum deposit on this product is 100,000. You can only apply for this product via postal application. To manage your deposit, you can contact us by post, telephone or email. Minimum deposit of 100,000, maximum of 5 million per term applies. No, this is a fixed term deposit. 1 year 1.20% 1,012.00 1 year 1.10% 1,011.00 18 months 1.30% 1,013.00 18 months 1.20% 1,012.00 2 years 1.40% 1,014.00 2 years 1.30% 1,013.00 3 years 1.50% 1,015.00 3 years 1.40% 1,014.00 4 years 1.60% 1,016.00 4 years 1.50% 1,015.00 5 years 1.80% 1,018.00 5 years 1.70% 1,017.00
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Modern Merchant Banking Deposit account application form Corporate (Limited/PLC/LLP) - Association - Charity Please complete this form in BLOCK CAPITALS and then return to Close Brothers Limited, 10 Crown Place, London EC2A 4FT. All fields are mandatory, unless otherwise stated. We may have to return incomplete or incorrectly filled forms which may delay the processing of your application. If you have any questions regarding your application, please contact us on 020 3857 3060. Section 1. About your business Yes Are you an existing or previous customer? No Existing customer number (if applicable) Account holder name (Please note that the account holder name must be the same as the attached bank statement(s)) Registered (or charity) number (if applicable) Nature of business / organisation / charity Section 2. Primary contact details The personal details of all individuals authorised to give instructions must be provided on the attached Mandate form. FAO Contact number Correspondence address Postcode Section 3. Nominated UK bank account for sterling repayments (for other currencies please complete Section 5) All requested repayments will only be sent to your nominated bank account which must be held in the 'Account holder name'. Nominated UK bank account Bank name & address Sort code Account number Roll number Section 4. Deposit requirements Deposit type Deposit amount Term of deposit Initial deposit method Rate quoted * Date quoted Cheque Electronic (enclosed) payment Example: Fixed term deposit 1 year 2 year 3 year Other 0.75% 500,000 1 year 2 year 3 year 1 9 0 1 1 7 Other Fixed term deposit * Please note, rates quoted are indication rates only and are subject to market variation. We reserve the right to requote when we receive cleared funds. Sterling deposits may be made by: Enclosing a cheque payable to Close Brothers Limited RE Account holder name e.g. if the account was to be opened in the name of Company X Ltd, the cheque should be made payable to Close Brothers Limited a/c re: Company X Ltd. Bank transfer direct to Close Brothers Limited: Account number 00000000, Sort code 16-51-87, reference Account holder name. Please send funds so they are available when we process your application. We require both completed application and cleared funds in order to open the account. Please note, we will only accept one single remittance, using one payment method only. Initial deposits must originate from your nominated UK bank account as detailed in Sect io n 3: Nomin a t ed UK bank account for sterling repayments. The account may take up to 5 working days to open provided there are no errors or omissions on your application. If you are depositing by cheque, your application may take longer. If your application is rejected, funds will be returned to you within 5 working days. Page 1 of 5
Deposit account application form - Corporate (Limited/PLC/LLP) - Association - Charity (continued) Section 5. Your nominated bank account(s) for foreign currency repayments If you are applying for a foreign currency deposit, please complete the following section. All repayments will only be sent to your nominated bank account(s) which must be held in the Account holder name. Currency Euro Bank name Address IBAN SWIFT/BIC Account number Sort code For additional currency deposits, please provide bank account details on a separate sheet. Section 6. Financial information Please describe how the funds for your initial deposit were acquired (e.g. sale of asset) Please provide the information below. The average number of employees during the current financial year is: less than 250 250 or more The total balance sheet is: less than 35 million* more than 35 million* *Figure stated has been converted from Euro to Sterling using 1.2 exchange rate. Original figure EUR43 million The annual net turnover is: less than 40 million** more than 40 million** **Figure stated has been converted from Euro to Sterling using 1.2 exchange rate. Original figure EUR50 million Section 7. Principal stakeholders (for non-charitable companies only) Please complete this section with details of any stakeholders with an interest in the company / LLP of 25% or more by way of shareholding / voting rights / rights to receive profit (as applicable). Current principal shareholders Title Forename(s) Surname Current residential address (including Postcode) Nationality Residency % shareholding / voting rights / rights to receiveprofit(asapplicable) Title Forename(s) Surname Current residential address (including Postcode) Nationality Residency % shareholding / voting rights / rights to receiveprofit(asapplicable) Title Forename(s) Surname Current residential address (including Postcode) Nationality Residency % shareholding / voting rights / rights to receiveprofit(asapplicable) Page 2 of 5
Deposit account application form - Corporate (Limited/PLC/LLP) - Association - Charity (continued) Section 7. Principal stakeholders continued (for non-charitable companies only) Title Forename(s) Surname Current residential address (including Postcode) Nationality Residency % shareholding / voting rights / rights to receiveprofit(asapplicable) Section 8. Documentation checklist Please forward the following documents with your completed application form (original documentation may be retained): A copy of a bank statement, dated within the last 3 months, confirming your nominated account for repayments as detailed in Section(s) 3 and/or 5. (We accept online statements). A completed Mandate form as attached. Section 9. How we use your information Please note that Close Brothers Limited will hold and use your personal information for the purposes of providing our services to you and for other purposes connected with our relationship with you, and we may share your personal information with others, including credit reference agencies and fraud prevention agencies, for certain purposes. Please see condition 11 of the Customer Agreement ( How we use your information ), which describes the information we will be using and sharing, who we may share it with and the purposes that we and they will use it for. We may also use your personal information and share it with other companies within Close Brothers Group for us and them to send you information about products or services that we or they think may be of interest to you. By signing this application form you agree to this. If you do not want to receive marketing information from Close Brothers Limited in this context, please tick here: If you do not want to receive marketing information from other companies in our group in this context, please tick here: You may contact us at any time to ask us not to use your information in this way. From time to time we would like to offer you products and services that we believe may be of interest or benefit to you and are offered by companies outside of Close Brothers Group. We will not disclose your details to third parties, unless you specifically opt-in to this type of mailing. To opt in, please tick here: You may contact us at any time to ask us not to use your information in this way by writing to us either by email at treasury@closebrothers.com or by post at Business Relationship Team, Close Brothers Treasury, 10 Crown Place, London EC2A 4FT. Section 10. Acknowledgements and confirmation Important information All deposits with Close Brothers Limited are subject to the Customer Agreement Terms and Conditions (the Customer Agreement ), a copy of which has been provided with this application form, and to any product specific additional conditions as detailed in our literature. The Customer Agreement and any additional conditions form the standard client agreement upon which we intend to rely. For your own benefit and protection you should read the Customer Agreement and additional conditions carefully before agreeing to them by returning this application form. If you do not understand any point please ask for further information. Copies of the Customer Agreement can be downloaded from our website (www.closetreasury.co.uk) and are also available upon request by telephoning our Business Relationship team on 020 3857 3060 (opening times: 9am - 5pm, Monday to Friday). I/We apply to open the account(s) as indicated on this application form. I/We accept the Customer Agreement and any additional conditions contained in this application form (as previously notified by us), or any other marketing material previously sent to us and confirm that the details given by us are correct and will remain in force until such time as you receive notice from us in writing to the contrary, together with any necessary revised documentation required by you. For and on behalf of the Account holder / Company / Charity For and on behalf of the Account holder / Company / Charity 1st Authorised Official signature 2nd Authorised Official signature (if applicable) (Must be signed by an Authorised Official detailed on the Mandate) (Must be signed by an Authorised Official detailed on the Mandate) Print name Position Print name Position Date For charities structured as a trust and unincorporated associations, please print supplementary copies of this page for additional trustees / signatories and submit with your application form. Financial Services Compensation Scheme ( FSCS ) Information Sheet and Exclusions List (mandatory) I confirm receipt of the enclosed FSCS Information Sheet and Exclusions List. Name of Authorised Official: Date Signature of Authorised Official: PIease note, we cannot accept your deposit without receipt of this signed acknowledgement. Account officer CBT Page 3 of 5
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Modern Merchant Banking Close Brothers Treasury Bank account mandate (the Account holder / the Company / the Charity ) Account name: We request that Close Brothers Limited trading as Close Brothers Treasury (the Bank ) opens/continues to operate accounts in the Account holder s / Company s / Charity s name as detailed above and may open such further account(s) as we may request. In connection with all accounts operated in the name of the Account holder / Company / Charity we set out below the names, specimen signatures and other information of the persons authorised to give instructions ( Authorised Officials ). Use of Authorised Officials' personal data Under the current money laundering regulations, in common with other banks, we are required to verify the identity and address of the Authorised Officials. This will be done through due diligence process. We may also ask you to provide us with documents to confirm the steps taken by your organisation to appoint you to a position of authority. By signing below, each Authorised Official agrees that we may use their data in this way. Information may be shared across the Close Brothers Group of companies in order to effectively administer your accounts. Authorised Officials Name Work telephone number Position held Mobile telephone number Email address Residential address Postcode Signature Name Work telephone number Position held Mobile telephone number Email address Residential address Postcode Signature Name Work telephone number Position held Mobile telephone number Email address Residential address Postcode Signature Name Work telephone number Position held Mobile telephone number Email address Residential address Postcode Signature Corp/Assoc/Char 0317 Page 4 of 5
Bank account mandate Board minute Account name At the meeting of the Board of Directors / Trustees of (Ltd/Plc/LLP) Company / charity registration number (the Company / Charity ) held on A copy of the minutes is not required but may be requested in the event of a dispute. The Account holders / Directors / Trustees considered the Close Brothers Limited Customer Agreement Terms and Conditions (The Customer Agreement ) and other documents which Close Brothers Limited has provided and agrees that: 1. The Account holder / Company / Charity hereby: a. appoints the Bank as the Account holder s / Company s / Charity's bankers b. cancel the Account holder s / Company s / Charity's existing mandate(s) to the Bank (with the exception of any instructions given by the Account holder / Company / Charity prior to receipt of this mandate) and replace it/them with the attached. 2. The Account holder / Company / Charity accept the terms of the Customer Agreement and confirm such acceptance to the Bank by completing the Bank s Account Mandate form and the account application form(s) which Close Brothers Limited has provided. 3. The Account holder / Company / Charity authorise any person named in this mandate in the section headed Authorised Officials (an Authorised Official ) individually to give instructions relating to the operation of the Company's accounts with Clos e Brothers Limited, in accordance with the security procedures set out in the Customer Agreement. The Account holder(s) / Director(s) / Trustee(s) note that the Bank is entitled to act on all instructions given by an Authorised Official in accordance with the Bank s security procedures until the Account holder / Company / Charity notifies the Bank that the Authorised Official is no longer authorised to act for it.. Instructions to amend customer static data can only be provided to the Bank in writing and must be signed by an Authorised Official. Fax, email or telephone requests will not be accepted. Instructions to m ake p ayments on a n a ccount can b e p rovided b y Authorised Officials in any way permitted by the Customer Agreement. It is the responsibility of the Account holder / Company / Charity to advise the Bank of any changes to your Authorised Officials. The Authorised Officials will remain in place until such time as you update us and confirm the removal, or addition of Authorised Officials. Any amendments to Authorised Officials must be made by providing the Bank with an updated Account Mandate form. Use of personal data provided by the Account holder / Company / Charity Under the current money laundering regulations, in common with other banks, we are required to verify the identity and address of the authorised officials, directors, trustees and principal stakeholders / shareholders. We may use the services of electronic data registers, including, but not limited to, credit reference agencies. We may also ask you to provide us with documents to confirm identity and addresses of Authorised Officials. If, as part of your appointment of Close Brothers Treasury as your bankers, you provide us with information about another person, you are also confirming that you have told them about this Account Mandate, that they agree to the use of their personal data in this manner and that we may contact those officials and verify their identity and address. The Bank reserves the right to refuse individuals to be Authorised Officials on any account operated by you. Information may be shared across the Close Brothers Group of companies in order to effectively administer your accounts. We confirm that we have read and accept the information provided on this form and that the details given by us are correct and will remain in force until such time as you receive notice from us in writing to the contrary, together with any necessary revised documentation required by you. For Companies / Charities only We certify the above to be a true extract from the Minutes and that the specimen signatures recorded on this Mandate are correct. Two signatures must be provided on behalf of the Company. One signature must be provided on behalf of the Charity. For and on behalf of the Account holder / Company / Charity (Appointed Officer / Director / Company Secretary / Trustee) For and on behalf of the Account holder / Company (Appointed Officer / Director / Company Secretary) Print name Title (delete as appropriate) Appointed Officer / Director / Company Secretary / Trustee Print name Title (delete as appropriate) Appointed Officer / Director / Company Secretary Date For charities structured as a trust and unincorporated associations, please print supplementary copies of this page for additional trustees / signatories and submit with your application form. Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited ( CBL ), a subsidiary of Close Brothers Group plc. CBL is registered in England and Wales with company number 195626 and registered office at 10 Crown Place, London EC2A 4FT. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 124750. CBL is a member of the Financial Services Compensation Scheme ( FSCS ) which protects up to 85,000 of an eligible depositor s funds held with CBL. The FSCS limit relates to the total funds held by a depositor with CBL, including their share of any joint account and not to each separate account. Date Page 5 of 5
Modern Merchant Banking Financial Services Compensation Scheme Information Sheet and Exclusions List Customer copy (please retain) Please retain this FSCS Information Sheet and Exclusions List for your records. Basic information about the protection of your eligible deposits Eligible deposits in Close Brothers Limited are protected by: 1 the Financial Services Compensation Scheme ( FSCS ) Limit of protection: 85,000 per depositor per bank / building society / credit union2 The following trading names are part of your bank / building society / credit union: Close Brothers Treasury and Close Brothers Savings are trading styles of Close Brothers Limited ( CBL ), a subsidiary of Close Brothers Group plc. If you have more eligible deposits at the same bank / building society / credit union: All your eligible deposits at the same bank / building society / credit union are aggregated and the total is subject to the limit of 85,000.2 If you have a joint account with other person(s): The limit of 85,000 applies to each depositor separately.3 Reimbursement period in case of bank, building society or credit union s failure: 20 working days 4 Currency of reimbursement: Pound sterling (GBP, ) or, for branches of UK banks operating in other EEA Member States, the currency of that State. To contact Close Brothers Limited for enquiries relating to your account: Close Brothers Limited 4th Floor 10 Crown Place London EC2A 4FT Tel: 020 3857 3060 Financial Services Compensation Scheme 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU To contact the FSCS for further information on compensation: Tel: 0800 678 1100 or 020 7741 4100 Email: ICT@fscs.org.uk http://www.fscs.org.uk More information: Additional information 1 Scheme responsible for the protection of your deposit Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. If insolvency of your bank, building society or credit union should occur, your eligible deposits would be repaid up to 85,000 by the Deposit Guarantee Scheme. 2 General limit of protection If a covered deposit is unavailable because a bank, building society or credit union is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers at maximum 85,000 per bank, building society or credit union. This means that all eligible deposits at the same bank, building society or credit union are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with 80,000 and a current account with 20,000, he or she will only be repaid 85,000. This method will also be applied if a bank, building society or credit union operates under different trading names. Close Brothers Limited also trades under Close Brothers Treasury and Close Brothers Savings. This means that all eligible deposits with one or more of these trading names are in total covered up to 85,000. In some cases eligible deposits which are categorised as temporary high balances are protected above 85,000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. These are eligible deposits connected with certain events including: (a) (b) (c) certain transactions relating to the depositor s current or prospective only or main residence or dwelling; a death, or the depositor s marriage or civil partnership, divorce, retirement, dismissal, redundancy or invalidity; the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction. More information can be obtained under http://www.fscs.org.uk. Page 1 of 2 Continue overleaf
3Limit of protection for joint accounts In case of joint accounts, the limit of 85,000 applies to each depositor. However, eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of 85,000. 4Reimbursement The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St Botolph Street, London, EC3A 7QU, Tel: 0800 678 1100 or 020 7741 4100, Email: ICT@fscs.org.uk. It will repay your eligible deposits (up to 85,000) within 20 working days until 31 December 2018; within 15 working days from 1 January 2019 until 31 December 2020; within 10 working days from 1 January 2021 to 31 December 2023; and within 7 working days from 1 January 2024 onwards, save where specific exceptions apply. Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses or operating costs (in the case of a depositor which is not an individual or a large company) within 5 working days of a request. If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. Further information can be obtained under http://www.fscs.org.uk. Other important information In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. Your bank, building society or credit union will also inform you of any exclusions from protection which may apply. If deposits are eligible, the bank, building society or credit union shall also confirm this on the statement of account. Exclusions list A deposit is excluded from protection if: (1) The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, bank building society or credit union. (2) The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering. (3) It is a deposit made by a depositor which is one of the following: credit institution financial institution investment firm insurance undertaking reinsurance undertaking collective investment undertaking pension or retirement fund 1 public authority, other than a small local authority For further information about exclusions, refer to the FSCS website at www.fscs.org.uk 1 Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded. Page 2 of 2