This Info Sheet of Citibank Europe plc, a company established and existing under the laws of Ireland, with its registered office at North Wall Quay 1, Dublin, Ireland, registered in the Company Register in the Irish Republic under No. 132781 (hereinafter Bank ), contains information about time limits for delivery of a payment order, about maximum time limits for completing payment transactions and other useful information, not only from payment services area, for clients of the Bank s branch in the Czech Republic Citibank Europe plc, organizační složka, with its registered office at Praha 5, Bucharova 2641/14, PSČ 158 02, Czech Republic, ID No. 28198131, registered in the Company Register maintained with the Municipal Court in Prague, Section A, File 59288 (hereinafter Clients ). 1. CUT OFF TIMES FOR DELIVERY OF PAYMENT ORDER Standard Outgoing Payment Instruction Delivery Cut Off Times Payment product Electronic transactions Manual transactions (mail, fax, personal delivery) Domestic Outgoing Payment 6:30 p.m. 11:00 a.m. Domestic Outgoing Express Payment 9:00 a.m. 9:00 a.m. Foreign Outgoing Payment* 3:00 p.m. 11:00 a.m. SEPA Outgoing Payment 3:00 p.m. 11:00 a.m. Direct Debit 6:30 p.m. 11:00 a.m. Internal Transfer within the Bank -in a domestic currrency 6:30 p.m. (4:30 p.m.**) 11:00 a.m. -in a foreign currency 3:00 p.m. 11:00 a.m. STP Payment*** 3:00 p.m. - Note: * including CZK payments in abroad ** cut off time valid for internal transfers in favour of accounts of CitiBusiness and Consumer (retail) Clients *** applicable only for customers with pricing packages Standard Incoming Payment Instruction Delivery Cut Off Times and Payment Processing Flow Payment product Funds received by the Bank Domestic Incoming Payment Domestic Incoming Express Payment Foreign Incoming Payment SEPA Incoming Payment on the day on which the funds are received (D) on the day on which the funds are received (D) on the day on which the funds are received (D) 3:00 p.m.* on the day on which the funds are received (D) 3:00 p.m.* Crediting the funds to the Client s account with the Bank D + 0* Note: D is the day on which the Bank receives the transferred amount from the payer s provider/correspondent bank. * In case of a Foreign Incoming Payment and a SEPA Incoming Payment, the transferred amount shall be credited to the Client s account with the Bank on the day on which the Bank receives the amount as long as the Bank obtains a confirmation - no later than 3:00 p.m. of the same day - that the transferred amount was received in the Bank s account (payment cover). If the Bank obtains this confirmation later, the funds shall be credited to the Client s account on the following Business Day. Page 1/8
Standard Cash Payment Order Cut Off Times Transfer type: Cash Deposit in the Client s account Cash Withdrawal from the Client s account Delivery of the order to the Bank during opening hours of the branch (cash desk) during opening hours of the branch (cash desk) 2. MAXIMUM TIME LIMITS FOR PROCESSING PAYMENT TRANSACTIONS Outgoing payments (regardless of the way the payment order is delivered) Domestic Outgoing Payment A Domestic Outgoing Payment shall be credited to the account of the payee s provider within the next Business Day after the funds from the Client s payment account have been debited, i.e. the Bank shall credit the Domestic Outgoing Payment to the account of the payee s provider in the D+1 regime at the latest. Domestic Outgoing Express Payment A Domestic Outgoing Express Payment shall always be credited to the account of the payee s provider on the day on which the funds have been debited from the Client s payment account with the Bank. Foreign Outgoing Payment A Foreign Outgoing Payment shall always be credited to the account of the payee s provider no later than two Business Days after the funds have been debited from the Client s payment account, i.e. the Bank shall credit the Foreign Outgoing Payment to the account of the payee s provider in the D+2 regime at the latest. SEPA Outgoing Payment A SEPA Outgoing Payment shall be credited to the account of the payee s provider within the next Business Day after the funds from the Client s payment account have been debited, i.e. the Bank shall credit the SEPA Outgoing Payment to the account of the payee s provider in the D+1 regime at the latest. Direct Debit The Bank shall deliver the Client s Direct Debit Order to the payer s provider within the next Business Day after the Direct Debit has been submitted by the Client. Internal Transfer within the Bank An Internal Transfer shall always be credited to the payee s account with the Bank on the day on which the funds have been debited from the Client s payment account with the Bank. STP Payment A STP Payment shall always be credited to the account of the payee s provider no later than two Business Days after the funds have been debited from the Client s payment account, i.e. the Bank shall credit the STP Payment to the account of the payee s provider in the D+2 regime at the latest. D in this article means the day of debiting the funds from the Client s payment account with the Bank and the digit after D expresses the number of Business Days. Page 2/8
Incoming Payments Domestic Incoming Payment and Domestic Incoming Express Payment shall always be credited to the Client s payment account on the day on which the transferred amount has been credited to the Bank s account. Foreign Incoming Payment and SEPA Incoming Payment shall be credited to the Client s payment account on the day on which the transferred amount has been credited to the Bank s account as long as the Bank obtains a confirmation that the transferred amount was received in the Bank s account (payment cover) within the Cut Off Time for the receipt of a payment order (see above). Cash Transactions Payment orders by means of Cash Deposit and Cash Withdrawal are processed by the Bank (i.e. the amount of the payment transaction is credited to or debited from the payment account of the Client) on the day on which the order is delivered to the cash desk of one of the Bank s branches. 3. REVOCATION OF SOME TYPES OF PAYMENT ORDERS For Foreign Outgoing Payments in the express regime (SDV), the Client cannot revoke the payment order after 9 a.m. of the Business Day preceding the due day of the payment order. The express regime (non-standard Same Day Value setting) is governed by an individual contract between the Bank and the Client. Revocation of other types of payment orders is governed by General Business Conditions of Citibank Europe plc, organizační složka. 4. EEA TRANSACTIONS, FEE INDICATOR, CORRESPONDENT AND ADDITIONALLY CHARGED FEES Outgoing EEA Transactions For the purpose of this Info Sheet, an Outgoing EEA Transaction is a payment transaction (i.e. payment transaction where the Bank acts as payer s payment service provider) in a currency that is the currency of a member state of the European Economic Area (hereinafter EEA ), which is provided by the payee s payment service provider in an EEA member state. Fees for Outgoing EEA Transactions (including Outgoing EEA Transactions with currency conversion) are charged according to the SHA indicator (i.e. the Client as the payer pays the fee charged by the Bank and the payee pays the fee charged by the payee s provider). The fee charged by the Bank is listed in the Bank s List of Charges. The Client must choose the SHA indicator for any Outgoing EEA Transaction (whether or not the payment transaction involves currency conversion). For Outgoing EEA Transactions, participants in the payment transfer must not deduct any charges (e.g. correspondent fees) from the transferred funds and must deliver the full amount of transaction to the payee s final provider. BEN indicator If the BEN indicator is chosen, all fees of providers participating in the payment transaction are deducted from the amount of the payment transaction. As a payer, the Client shall only pay the amount of the payment transaction, and the payee shall receive the amount minus all fees. As a payer, the Client shall not be charged any additional fees. Page 3/8
SHA indicator If the Client opts for SHA indicator on an Outgoing EEA Transaction, the Client (payer) shall pay the fee charged by the Bank, which is the payer s provider and the payee shall pay the fee charged by the payee s provider. If the Client opts for SHA indicator on any other payment transaction (i.e. payment transaction that is not an EEA Transaction), the Client shall pay in addition to the amount of payment transaction the fee of the Bank (payer s provider), and fees of other providers participating in the payment transaction (i.e. correspondent providers and the payee s provider) shall be deducted from the amount of the payment transaction. OUR indicator Should the Client opt for OUR indicator on an Outgoing Payment, the Client shall, in addition to the amount of the payment transaction and a fee charged by the Bank as the payer s provider, also pay an OUR Fee as per the current List of Charges of the Bank (see also section OUR Fee). The OUR Fee is a fixed fee for payment of all costs relating to the execution of a relevant payment transaction, in particular fees charged by correspondent providers and the payee s provider; for this fee, all such costs are transferred to the Bank.* It is thus ensured that the payee shall be credited with the entire amount of the payment transaction. The OUR Fee shall be charged to the Client within the next 5 business days after the day when the payment order is processed by the Bank. *Exceptions are: Foreign Outgoing Payments in USD, with respect to which the Bank is liable for all costs relating to the execution of a payment transaction up to the limit of USD 80,-. If the costs are higher then this limit, the amount exceeding this limit will be charged to the Client. NSTP Fee, which is charged by the Bank for Client s Foreign Outgoing Payment delivered via electronic banking without specification of BIC or IBAN, irrespective of BEN/SHA/OUR charges indicator (also see section NSTP Fee). Fees charged by the Bank additionally OUR Fee If the Client opts for OUR indicator on an Foreign Outgoing Payment (including CZK payment to abroad) (if such indicator is available according to the aforementioned rules), an additional OUR Fee shall be charged by Bank to the Client (see also section OUR indicator). The amount of this fee depends on the currency of the respective payment instruction as follows: AUD 30,- DKK 100,- KZT 4000,- SEK 100,- BGN 50,- EUR 20,- NOK 100,- TRY 50,- CAD 20,- GBP 20,- PLN 60,- USD 20,-* CHF 30,- HUF 6000,- RON 100,- ZAR 150,- CZK 550,- JPY 6000,- RUB 500,- * For Foreign Outgoing Payments in USD the Bank is liable for all costs relating to th execution of a payment transaction up to the limit of USD 80,-. If the costs are higher then this limit, the amount exceeding this limit shall be charged to the Client. Page 4/8
NSTP Fee If the Client initiates via electronic banking a Foreign Outgoing Payment (including CZK payment to abroad) which is directed to a bank in an EEA member state, the Client is obliged, when entering the payment instruction, to specify BIC of payee s bank and IBAN, irrespective of the transaction currency. In the case that the payment instruction delivered to the Bank does not include this information, the Client shall be charged with the NSTP Fee ( Non Straight Through Processing ) as per the current List of Charges of Bank. The NSTP Fee shall be charged to the Client within the next 5 business days after the day when the payment order is processed by the Bank. For this fixed charge, the Bank assumes liability for all costs relating to the necessity to manually process a Foreign Outgoing Payment (including CZK payment to abroad) delivered via electronic banking, which does not include the data required by the banks within the EEA member states. These costs include, in particular, the fees charged by the Bank and the payees banks for an incorrectly structured payment order. For the Client to avoid this fee, it is necessary that the Foreign Outgoing Payment (including the CZK payment to abroad) delivered via electronic banking specifies the bank details of the beneficiary with the following data: 1) BIC* (SWIFT) of the payee s bank selected from the SWIFT library (CitiDirect) or, stated in the first row of the Payee s Bank field; this is a stand-alone string of 8 or 11 characters (e.g. CITICZPX). 2) IBAN* (the payee s account number in the IBAN format), which is a stand-alone number without spaces and additional characters at the beginning and at the end. The aforementioned rules apply to all Foreign Outgoing Payments (including CZK payments to abroad) which are initiated via electronic banking and which are remitted to a bank in an EEA member state, regardless of the currency of the transaction and the SHA/BEN/OUR charges indicator. * Tthe Client should contact its business partners for information about their BIC and IBAN. If the payee s bank is specified by its BIC (SWIFT) code, no other information on payee s bank needs to be provided. If the BIC code differs from the name of the payee s bank provided by the Client, the BIC code shall be deemed decisive by the Bank for the purposes of execution of the payment transaction. The same rule applies in general to all types of payment transactions processed by the Bank. Fees deducted from the transferred amount If the Client opts for BEN or SHA indicator on an Outgoing Payment (if available according to the aforementioned rules), the amount of the payment transaction can be diminished by the fees of the bank sending the payment, payee s bank or correspondent banks. This does not apply to Outgoing EEA Transactions. For payments in USD, the fees charged by Citibank s correspondent bank (Citibank N.A., New York) are set as follows: Transaction amount in USD (from to) Fee in USD 0-100 0.00 100-1,000 15.00 1,000-10,000 20.00 10,000-100,000 25.00 exceeding 100,000 30.00 Page 5/8
5. DEFINITIONS OF INTEREST RATES APPLYING TO THE CLIENT S CURRENT ACCOUNTS BASED UPON A WRITTEN AGREEMENT BETWEEN THE BANK AND THE CLIENT Current accounts in CZK The credit interest rate is derived from the one day PRIBID interest rate calculated daily by the Thomson Reuters agency from quotes of reference banks pursuant to rules determined by The Financial Markets Association of the Czech Republic (A.C.I.), o.s. and published daily at www.cnb.cz, which rate will be reduced by the The debit interest rate is derived from the one day PRIBOR interest rate calculated daily by the Thomson Reuters agency from quotes of reference banks pursuant to rules determined by The Financial Markets Association of the Czech Republic (A.C.I.), o.s. and published daily at www.cnb.cz, which rate will be increased by Current accounts in EUR The credit interest rate is derived from the LIBID rate based on LIBOR interest rates (offer rate) in EUR that are quoted for a period of one day (overnight) and subsequently published at Reuters, page EURONFSR=, which rate will be reduced by 12.5 basis points and the The debit interest rate is derived from the LIBOR interest rate (London Inter-Bank Offered Rate, based on offered inter bank deposit rates) in EUR for a period of one day (overnight) and subsequently published at Reuters, page EURONFSR=, which rate will be increased by the Current accounts in USD The credit interest rate is derived from the LIBID rate based on LIBOR interest rates (offer rate) in USD that are quoted for a period of one day (overnight) and subsequently published at Reuters, page USDONFSR=, which rate will be reduced by 12.5 basis points and the The debit interest rate is derived from the LIBOR interest rate (London Inter-Bank Offered Rate, based on offered inter bank deposit rates) in USD that are quoted for a period of one day (overnight) and subsequently published at Reuters, page USDONFSR=, which rate will be increased by the Current accounts in JPY The credit interest rate is derived from the LIBID rate based on LIBOR interest rates (offer rate) in JPY that are quoted daily for a period of one day (overnight) and subsequently published at Reuters, page JPYSNFSR=, which rate will be reduced by 12.5 basis points and the The debit interest rate is derived from the LIBOR interest rate (London Inter-Bank Offered Rate, based on offered inter bank deposit rates) in JPY for a period of one day (overnight) and subsequently published at Reuters, page JPYSNFSR=, which rate will be increased by the Current accounts in GBP The credit interest rate is derived from the LIBID rate based on LIBOR interest rates (offer rate) in GBP that are quoted daily for a period of one day (overnight) and subsequently published at Reuters page, which rate will be reduced by 12.5 basis points and the withdrawals (OFFER) in GBP for a period of one day (O/N OFFER) published at Reuters, page LIBOR01, which rate will be increased by the Page 6/8
Current accounts in CHF The credit interest rate is derived from the LIBID rate based on LIBOR interest rates (offer rate) in CHF that are quoted daily for a period of one day (overnight) and subsequently published at Reuters, page CHFSNFSR=, which rate will be reduced by 12.5 basis points and the The debit interest rate is determined by the Bank based on interest rates for withdrawals (OFFER) in CHF for a period of one week published at Reuters, page LIBOR02, which rate will be increased by the Current accounts in AUD deposits (BID) in AUD quoted daily and subsequently published at Reuters, page AUDF=, which rate will be reduced by the withdrawals (OFFER) in AUD for a period of one day (O/N OFFER) published at Reuters, page LIBOR02, which rate will be increased by the Current accounts in HUF deposits (BID) in HUF quoted daily and subsequently published at Reuters, page HUFF=, which rate will be reduced by the withdrawals (OFFER) in HUF for a period of one day (O/N OFFER) that are subsequently published at Reuters, page BUBOR, which rate will be increased by the Current accounts in PLN deposits (BID) in PLN quoted daily and subsequently published at Reuters, page PLNF=, which rate will be reduced by the withdrawals (OFFER) in PLN for a period of one day (O/N OFFER) that are subsequently published at Reuters, page PLNF=, which rate will be increased by the Current accounts in RUB The debit interest rate is derived from the one-day interest rate fixed on the money market by the National Foreign Exchange Association based on rates provided by eight main banks in Moscow. The rate is calculated on every Business Day and is published at Reuters, page MOSPRIME1, approximately at 12:30 p.m. Moscow time. The rate will be increased by the Bank s margin as agreed with the Client. Current accounts in BGN deposits (BID) in BGN quoted daily and subsequently published at Reuters, page BGNF=, which rate will be reduced by the withdrawals (OFFER) in BGN for one day (O/N OFFER) published at Reuters, page BGNF=, which rate will be increased by the Page 7/8
Current accounts in RON deposits (BID) in RON quoted daily and subsequently published at Reuters, page RONF=, which rate will be reduced by the withdrawals (OFFER) in RON for one day (O/N OFFER) that are subsequently published at Reuters, page RONF=, which rate will be increased by the PLEASE NOTE: 1. The amount of fees charged at a later point and deducted from the transferred amount (as mentioned in Article 4 above) depends on the business terms and conditions (price lists) of the respective payment service providers participating in the transfer of funds (correspondent banks and payees payment service providers), and the Bank cannot influence them. 2. To the extent that the written agreement between the Bank and the Client differs from this Info Sheet, the provisions of such written agreement prevail. 3. This Info Sheet replaces the Info Sheet of the Bank effective from 1 November 2009. This Info Sheet constitutes a part of the conditions under which the Bank provides payment services pursuant to Act No. 284/2009 Coll., on Payment Systems, as amended. Page 8/8