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Changes to NSD’s Terms and Conditions of Bank Services

13 April 2022

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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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Processing of personal data

By filling out this form and clicking the "Ask question" button, in accordance with paragraph 4 of Article 9 of Federal Law No. 152-FZ dated 27 July 2006 "On Personal Data", I give my consent to National Settlement Depository (NSD, address: 12 Spartakovskaya Street, 105066 Moscow, hereinafter referred to as the "Data Controller") to the processing (i.e., any operation(s) involving the use of automation tools, including collection, recording, arrangement, accumulation, storage, updating, retrieval, use, transfer (including cross-border transfer), depersonalization, blocking, deletion, and destruction) of the following personal data: full name, email address, employer (if any), job title (if any), and telephone number (if any), for the purposes of inquiries, telephone consultations, surveys, advertising or marketing researches (including those conducted by email), or mailings (including advertisements) (the "Service"), as well as the consent to the authorization by the Data Controller of further processing of that personal data by third parties for the purposes of providing the Service to me.

This consent is valid from the date of acceptance by me of the terms and conditions of the Service until the time when I cancel my subscription to the Service or revoke this consent by giving notice in writing to the Data Controller at its address.