Changes to NSD’s Terms and Conditions of Bank Services

13 April 2022
Print version

Ref. No. 47-09/2793 dated 13 April 2022

Attn.: NSD's Clients

Please be advised that NSD’s amended and restated Terms and Conditions of Bank Services (‘Terms and Conditions’)  will take effect on 14 April 2022.

The amended and restated Terms and Conditions*:

  • provide for NSD’s right to debit funds from the Account of a Foreign Organization in order to reimburse NSD’s expenses related to the collection by the Foreign Organization of interest at negative interest rates accrued on the balances held on the account/correspondent account opened by NSD with this Foreign Organization, in the amount of funds debited from NSD’s account/correspondent account, if such Foreign Organization restricts NSD’s ability to use funds on NSD’s account/correspondent account opened with such Foreign Organization;
  • introduce certain editorial amendments to optimize the text of the Terms and Conditions.

The Amended and Restated Terms and Conditions will be posted on page  “Documents on Cash Settlement”.

If you have any questions related to this communication, please contact your account managers at +7 495 956-27-90/91.

* The terms used herein shall have the meanings given to them in the Terms and Conditions.

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