Common use of Disposal of the Certificate of Deposit Clause in Contracts

Disposal of the Certificate of Deposit. 10.5.4.1. The holder of the certificate of deposit is authorized to dispose the certificate of deposit following the terms established by the legislation, unless the certificate of deposit is used as a means of securing a bank claim. The Bank is authorized to repurchase the certificate of deposit with priority right. 10.5.4.2. A certificate of deposit is disposed without processing additional agreement and the acquisition/disposal of the certificate of deposit by the client is registered at the certificate registry, the regulations and terms of functioning of which are determined by the Bank. 10.5.4.3. Disposal of the certificate of deposit by the client is registered at the certificate registry on the basis of a disposal form of the certificate of deposit, jointly submitted to the Bank by the client and the new acquirer of the certificate of deposit, the form and contents of which are determined by the Bank. 10.5.4.4. Partial disposal of the certificate of deposit is not accepted.