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Bank to Bank Terms and Conditions of Citibank

Effective from February 22, 2008

I. General conditions

General conditions outlined below are applicable for general banking transactions submitted by foreign and Hungarian banks who act on behalf of their own clients being corporates and financial institutions, unless otherwise specified by Citibank Fees and conditions provided below have been defined according to Citibank business policies and money-transactions laws in force.

1. PAYMENTS

1.1	Transfers (Both for EU Regulation-Compliant¹ and Non- EU Regulation-Compliant Transfers)
1.1.1	Customer Credit Transfer in favor of account owner² charging option: OUR³	USD 30
1.1.2	Non Straight Through Processing (STP⁴) surcharge (to be borne by the sending bank irrespective of charging options: BEN/SHA/OUR)	EUR 8
	¹ Regulation (EC) No. 2560/2001 of the European Parliament and Council, on cross border payments. ² Citibank does not execute payments to non-clients or other third parties, except when either the ordering institution or the beneficiary's bank is Citibank. Any other incidental items will be returned. ³ If field 71A is used with charging option OUR, the charges can be added in tag 71G. ⁴ Straight Through Processing (STP) means crediting an incoming payment value on the beneficiary customer account automatically, i.e. without manual intervention. Please see the details in the Attachment.

2. MISCELLANEOUS

2.1	Investigations due to incomplete or unclear instructions	USD 30 / item
2.2	Investigations regarding payments older than 6 months	USD 50 / item
2.3	Cancellation of SWIFT payment orders before execution¹	USD 30 / item
2.4	Return of payment orders after investigation including payments to non-Client or by error	USD 30 / item
2.5	Confirmation of funds transfer (at the request of the Correspondent Bank)	USD 30 / item
2.6	Other bank charges (postage, courier etc)	as they occur
	¹ Citibank will do its best to process cancellation request received on the same banking day that of the respective payment order and within its cut-off time.

3. COLLECTIONS¹

3.1	Documentary and clean collections
3.1.1	Delivery of documents against payment or acceptance	0.25%; minimum USD 100
3.1.2	Delivery of documents free of payment	0.2%; minimum USD 100
3.1.3	Release of goods sent to our address or at our disposal	0.4%; minimum USD 100
3.1.4	Amendment to collection orders	USD 100 / request
3.1.5	Cancellation of unsettled collections	0.2%; minimum USD 100
3.1.6	Acceptance held in custody	0.1%; minimum USD 100
3.1.7	Sending back collection received against non-Client of Citibank	0.25%; minimum USD 100
3.1.8	Handover of collection to another bank	0.25%; minimum USD 100
3.1.9	Tracer/ Investigation on status of collection	USD 30 / item
3.1.10	SWIFT message fee	USD 10 / message sent by Citibank
3.1.11	Other bank charges (postage, courier etc.)	as they occur
	¹All collections are subject to the "Uniform Rules of Collections", 1995 Revision, ICC Brochure No. 522, and to any subsequent revisions thereto.

4. DOCUMENTARY CREDITS¹

4.1	Import documentary credits (import L/Cs)
4.1.1	Opening²	0.2% minimum USD 100
4.1.2	Negotiation and payment (on sight basis)	0.2%; minimum USD 100
4.1.3	Negotiation and payment (on deferred payment basis)	0.25%; minimum USD 100
4.1.4	Amendments concerning the increase of the amount and / or prolongation	0.2%; minimum USD 100
4.1.5	Other amendments	USD 100 / item
4.1.6	Discrepancy fee	USD 100
4.1.7	Cancellation of unused part of L/C	USD 100
4.1.8	SWIFT message fee	USD 10 per SWIFT message sent by Citibank
4.1.9	Evaluation of the L/C, preparing a draft	0.1%; minimum USD 100 maximum USD 500
4.1.10	Other bank charges (postage, courier etc.)	as they occur
	¹All documentary credits are subject to the existing and valid "Uniform Customs and Practice of Documentary Credits" (ICC). ²The above conditions apply for letters of credit secured by cash collateral. If a credit line is utilized without cash collateral for the import L/C issuance, Citibank will charge a risk premium (expressed as a % p.a.). The risk premium is subject to negotiation.

4.2	Export documentary credits (export L/Cs)
4.2.1	Pre-advice	USD 100
4.2.2	Advising	0.15%; minimum USD 100
4.2.3	Negotiation and payment (on sight basis)	0.2%; minimum USD 100
4.2.4	Negotiation and payment (on deferred payment basis)	0.25%; minimum USD 100
4.2.5	Pre-checking of document on Correspondent Bank's request	0.1%; minimum USD 100
4.2.6	Amendments concerning the increase of the amount and / or prolongation	0.15%; minimum USD 100
4.2.7	Other amendment	USD 100 / item
4.2.8	Discrepancy fee	USD 100 / set of documents
4.2.9	Full or partial transfer of credit, assignment³	0.15%; minimum USD 100
4.2.10	Confirmation / discounting	as per separate agreement
4.2.11	Handing over to another bank for further handling	USD 100
4.2.12	Cancellation of unused part of L/C	USD 100
4.2.13	SWIFT message fee	USD 10 per SWIFT message sent by Citibank
4.2.14	Other bank charges (postage, courier etc)	as they occur
	³Citibank will transfer a documentary credit only if fees associated with the transfer have been paid.

5. GUARANTEES, CUSTOM SURETIES

5.1	Advising without engagement of Citibank	0.15%; minimum USD 100
5.2	Increase of the amount and / or prolongation (when the guarantee is advised by Citibank without any engagement)	0.15%; minimum USD 100
5.3	Guarantees, sureties or promises for guarantee issued by Citibank¹	0.125% / month started; minimum USD 500 / guarantee, for a year, collected yearly
5.4	Guarantee issued under our protection	0.15% / month started; minimum USD 500 / guarantee, for a year, collected yearly
5.5	Increase of the amount and / or prolongation¹ (when the guarantee is issued by Citibank)	0.125% / month started; minimum USD 500 / guarantee, for a year, collected yearly
5.6	Other amendments, consent to assignment / transfer	USD 100 / item
5.7	Presenting, handling of a claim	0.15%; minimum USD 100
5.8	Non-Citibank standard guarantee wording, evaluation	0.1%; minimum USD 100, maximum USD 500
5.9	Guarantee wording negotiation with the beneficiary	USD 100
5.10	Issuance of guarantee letter of intent for guarantee	USD 150
5.11	Other bank charges (postage, courier etc.)	as they occur
5.12	Certificate of issuance the guarantee	USD 500 / certificate
	¹The above conditions apply for guarantee secured by cash collateral. If a credit line is utilized without cash collateral for the guarantee issuance, Citibank will charge a risk premium. The risk premium is subject to negotiation.

6. SWIFT BASED PRODUCTS AND SERVICES

6.1	Handling Request for Transfer and Request for Debit SWIFT messages¹ (MT101/103/104) by debiting Client's account	USD 5
6.2	Infopool² (sending account statement via SWIFT MT940/MT942/MT950)	USD 100 / month /reported account
6.3	Copies of SWIFT messages at the Correspondent Bank's request	10 USD / message
	¹ Service can be provided upon signing a Letter of Authorization to the Account Agreement with the account holding Client. In case of option OUR or SHA Citibank fees will be charged for the Client. ² Service can be provided upon signing a Letter of Authorization to the Account Agreement with the account holding Client. Citibank fees will be charged for the Client.

II. CUT-OFF TIMES

1. Receiving instructions and the procedure for debiting accounts.

(All times listed in this document are Central European Time (CET).)

HUF in-house Bank transfer without conversion (domestic transfer):	13:00 (MT101, MT103, MT103+, MT104)
HUF transfer via VIBER (domestic transfer,without conversion):	13:00 (MT101, MT103, MT103+, MT104)
HUF transfer abroad (via GIRO, VIBER or in-house bank transfer):	13:00 (MT101, MT103, MT103+, MT104)
HUF transfer via VIBER without conversion (domestic):	13:00 (MT101, MT103, MT103+, MT104)
Foreign currency transfer, HUF transfer to foreign currency account or in-house Bank transfer (with conversion: T+2 days fulfillment, without conversion: T+1 day fulfillment).	11:00 (MT101, MT103, MT103+, MT104)
SEPA credit transfer (T+1 day, T+2 day with conversion)	11:00 (MT101, MT103, MT103+, MT104)
Foreign currency transfer or in-house Bank transfer (with conversion: T or T+1 day fulfillment, without conversion: T day fulfillment).	11:00 (MT101, MT103, MT103+, MT104)
Cancellation of transfer order and internal transfer	13:00
Issuance of confirmation on transfer on the day the order is processed:	-

2. Special rules on submitting SWIFT orders to Citibank and processing of such instructions

2.1	In case of orders received after cut-off time, Citibank will process the request on the following banking day - unless the order specifies a different later value date.
2.2	Coverage for the transaction must be provided until the cut-off time applicable for the transaction in question on the day Citibank processes the order, otherwise Citibank cannot guarantee that it will be able to use the coverage for a same-day transfer. Citibank cannot be held liable for losses arising from the delayed provision of coverage. Payment orders for which there is insufficient coverage are kept pending according to the provisions of the Terms and Conditions prevailing for Citibank account holding Client.
2.3	Citibank does not undertake to hold payment orders that have been submitted properly and have sufficient coverage unless the SWIFT order specifies a different later value date.
2.4	In case of SWIFT initiated transactions, the different instruction types (e.g. only HUF or only foreign currency transaction initiation) must be submitted in separate SWIFT messages.
2.5	Citibank does not accept modification of payment orders even if the Correspondent Bank submitted it properly by SWIFT before cut-off time. Incorrect payment orders can be cancelled.
2.6	Citibank accepts duly signed, written cancellation orders and authenticated SWIFT messages according to the cut-off time listed in point II. on banking days. Citibank cannot guarantee that the order will be cancelled even if the Correspondent Bank submitted the order properly and before cut-off time for doing so.
2.7	If the Correspondent Bank submits HUF money transfer request to abroad with same value day before the cut-off time listed in point II/1. and 2, Citibank fulfils the request via VIBER system. Accordingly, the fee of the transfer is equal to the VIBER transfer fee.
2.8	From 28^th of January, 2008 Citibank can receive and perform the SEPA Credit Transfer (SCT - SEPA Credit Transfer) type of foreign currency payments in euro. These payments performed on the basis of the SEPA Credit Transfer Rulebook developed by the European Payment Council can be used between countries belonging to the European Union countries, Iceland, Lichtenstein, Norway and Switzerland.

III. 1. FULFILMENT OF ORDERS

If an order was received by Citibank before cut-off time, and Citibank has the coverage as well as all the information necessary for the transfer at its disposal, the time required for the order to arrive at the beneficiary's bank, depending on the type of transfer and assuming that business and transaction handling are as usual, can be expected to be as follows:

HUF transfer via GIRO¹ (in Hungary and abroad):	next banking day
HUF in-house bank transfer:	day of submission of order
HUF transfer abroad and in Hungary via VIBER² debiting a foreign currency account:	not earlier than the 2^nd banking day
HUF transfer abroad and in Hungary via VIBER² debiting a HUF account:	day of submission of order
Initiation of prompt collection:	next banking day
Foreign currency transfer with conversion (T+2 days):	not earlier than the 2^nd banking day after the order is submitted
Foreign currency transfer without conversion (T+1 day):	not earlier than the 2^nd banking day after the order is submitted
In-house foreign currency Bank transfer with conversion:	not earlier than the 2^nd banking day after the order is submitted
In-house foreign currency Bank transfer without conversion:	day of submission of order
SEPA outgoing payment without conversion (T+1 day):	not earlier than the next banking day after the order is submitted
SEPA outgoing payment with conversion (T+2 days):	not earlier than the 2^nd banking day after the order is submitted

¹ GIRO is an automated clearing house in Hungary.
² VIBER is a real time gross settlement system in Hungary.

The earliest value date Citibank can execute a properly submitted payment order is the banking day when the payment order is received by Citibank, in compliance with the above cut-off times.
All HUF instructions, with the exception of HUF in-house bank transfers for same day fulfilment will be executed by Citibank via VIBER.

2. Processing of incoming items

Citibank processes those transactions on a given bank workday which arrive at Citibank on a given day prior to the times indicated in the below table, provided that all information necessary for crediting the amount on the beneficiary's account has been duly provided. In the case of amounts reaching Citibank after the below cut-off times, Citibank will deem the amounts received on the following banking day and process them the next banking day.

	Transaction	Cut-off time for receipt	Value date of credit transaction
1.	HUF credit via GIRO	8:00	Day of receiving the item
2.	HUF credit via VIBER	15:30	Day of receiving the item
3.	HUF credit via internal bank transfer (for the items coming from consumer accounts as well)	15:00	Day of receiving the item
4.	HUF receipt from abroad	Refer to points 1, 2, 3 & 11	Refer to points 1, 2, 3 & 11
6.	Direct debit received via SWIFT MT104 , no conversion	9:00	Day of receiving the item
7.	Direct debit received via SWIFT MT104, with conversion	9:00	The 2^ndbanking day following the day of processing the item
8.	Credit FCY amount received from outside Citibank through SWIFT MT103, no conversion	12:00	Day of processing the item
9.	Credit FCY amount received from outside Citibank through SWIFT MT103, with conversion	12:00	The 2^nd banking day following the day of processing the item
10.	Credit FCY amount received from within Citibank, no conversion	In case of transfer order received on paper: 9:00. In case of transfer order received via electronic banking system: 12:00	Day of receiving the item
11.	Credit FCY amount received from within Citibank, with conversion	In case of transfer order received on paper: 9:00. In case of transfer order received via electronic banking system: 12:00	The 2^nd banking day following the day of receiving the item
12.	Credit HUF amount received from within Citibank on FCY account	9:00	The 2^nd banking day following the day of receiving the item

3. Exchange rates

Exchange rates used in case of transfers

Currency of the account to be debited	Currency of the transferred amount	Applicable exchange rate
HUF	Foreign currency	Foreign currency sell rate
Foreign currency	Foreign currency differing from the currency of the account, but not HUF	Citibank converts the amount to be transfered to HUF with the foreign curerncy sell rate, then converts the HUF amount to the currency of the account to be debited using the foreign currency buy rate.
Foreign currency	HUF	Foreign currency buy rate
Currency of the account to be credited	Currency of the transferred amount	Applicable exchange rate
HUF	Foreign currency	Foreign currency buy rate
Foreign currency	Foreign currency differing from the currency of the account, but not HUF	Citibank converts the incoming amount to HUF with the foreign currency buy rate, then converts the HUF amount to the currency of the account to be credited using the foreign currency sell rate.
Foreign currency	HUF	Foreign currency sell rate

4. Exchange rates used in case of fees

Even if the applicable charges, fees, expenses are not defined in the currency of the account to be debited, the fees will be charged in the currency of the account. Citibank will use the following exchange rates valid on the day of charging to change the fees:

Account	Fee, charge, commission currency	Applied exchange rate
HUF account	Fee defined in foreign currency	Foreign currency sell rate
Foreign currency account	Fee defined in HUF	Foreign currency buy rate
Foreign currency account	Fee defined in other foreign currency	Citibank will change the fee, charge, commission defined in a currency differing from the currency of the account to HUF on sell rate, then the HUF amount calculated thus will be converted to the currency of the account on buy rate and debited on the account.

5. Collecting fees, charges and interest (including MT103 OUR option and non-STP charges claims)

1.	If the Correspondent Bank does not mark the required charge option, Citibank will apply SHA to the payment transactions.
2.	Citibank will recognize charge requests up to a maximum of USD 100/transaction; if the claim is more than this threshold limit, charges will be paid to the extent of USD 100 or equivalent. If charges are claimed in EUR, EUR 75 is the maximum amount that will be paid.
3.	Fees given in USD will be charged in the currency of the actual order given to Citibank and at the current rate of exchange.
4.	In case of a transfer order where the beneficiary is a Citibank client and the amount of the transfer order is below USD 100 or equivalent and the transfer order has been given with BEN or SHA option, Citibank will request the fees and charges with respect to such transfer order from the Correspondent Bank.
5.	Any request for charges should reach Citibank, Hungary via regular mail, courier, SWIFT or e-mail. No other means of communication are accepted. In case the invoice is not sent via SWIFT, it must be accompanied by an authenticated SWIFT message, quoting the reference number of the related invoice(s) as well as the claimed amount and the date of sending. Citibank will not honor charge claims referring to transactions with value date later than 3 calendar months calculated from the date of invoice and the corresponding SWIFT message. Charge requests not meeting these criteria will remain unpaid.
6.	Claiming bank should be a part of the routing chain in original transaction.

6. General Rules

These Terms & Conditions are subject to withdrawal or amendment without prior notice.

With initiation of any services or orders regulated in the present Conditions List the bank is obliged to pay the fees without any prior notice. Citibank has the right to charge any of the bank's accounts kept with Citibank with the amount of the due fees.

Costs for postage, stamps, cable, SWIFT, telephone, telefax, courier charges and other out-of-pocket expenses, as well as charges made to us by third parties, e.g. for bill protests etc. are for the account of the principal and will be charged in addition to any of the charges mentioned above.

The rates of these Terms & Conditions apply only to transactions that can be handled in a routine fashion. For operations requiring special services, we reserve the right to charge increased fees.

Citibank carries out only such instructions that are complete and professionally correct but refuses to bear any responsibility for any delays, errors, misinterpretations etc. that may arise from unclear instructions.

Citibank shall not be held liable for losses resulting from acts of domestic or foreign authorities, the denial or late granting of necessary permits by authorities, or caused by unforeseeable and unavoidable events including but not limited to armed conflicts, revolution, state of national emergency, riot, natural disaster, breakdown or failure of transmission or communication, failure or disruption of any market, strikes, labor disputes or other circumstances beyond Citibank's control (collectively: Force Majeure) and for damages arising from events for which Citibank cannot be held liable, or for damages which result from events in the bank's control or influence, or from non-conformity or late conformity by the bank with the relevant provisions of the applicable laws and regulations.

Citibank shall have the right to select a third party correspondent or agent according to its best judgment, or if the bank in its instruction stipulates a particular third party, to use a third-party correspondent or agent to the extent necessary for the performance of Citibank's obligations. Citibank shall exercise due professional care in selecting, advising and controlling such third party but otherwise shall not be held liable for actions or omissions by such third party. If the liability of the third party is limited by law, the liability of Citibank shall be adjusted accordingly. Citibank has the right to employ a third party to the extent necessary for preventing any damages to occur to the bank in the course of performing the instructions of the bank.

8. Citibank shall refuse the execution of the order if Citibank notices that the bank is in breach of the referred laws and regulations and shall notify the bank accordingly.

STP rules for incoming MT103/103+ Single Customer Credit Transfers in favour of Citibank's Clients:

Fields 52, 53, 54, 57 and/or 55, 56, 57:	If used, only SWIFT option "A" is acceptable!
Field 59a:	correct Beneficiary's IBAN number
Field 23E and 72:	Not to be used

10.

All payment orders that do not meet the above STP rules are considered unqualified payments and for these SWIFT messages Citibank will submit Non-STP charge claim to the Sender on a monthly basis.

11.

Applicable law: The general business relations between the bank and Citibank shall be governed by the Hungarian Civil Code and the relevant laws and regulations governing credit institutions and financial services in force.

12.

The Parties shall cooperate in the interest of compliance with the legal rules relating to the prevention of money laundering. If Citibank suspects that the presumed purpose of the given order or service is money laundering, it shall proceed pursuant to the law and its internal rules.

7. Access to Citibank

Internet home page: www.citibank.hu
Mailing address: Citibank Europe plc Hungarian Branch Office, 1367 Budapest, Pf. 123
Registered seat: 1051 Budapest, Szabadság tér 7., Bank Center
Switchboard, telephone: +36 1 374 5000
Switchboard, telefax: +36 1 374 5100
SWIFT: CITIHUHX

Attachment

A/ MT103 (MT103+) STP format specification requirements

Tag	Field Name	Non-STP criteria
23E	Instruction Code	If this field is not empty
52A	Ordering Institution	If used, not with option A (valid SWIFT BIC)
53A	Sender's Correspondent	If used, not with option A (valid SWIFT BIC)
54A	Receiver's Correspondent	If used, not with option A (valid SWIFT BIC)
55A	Third Reimbursement Institution	If used, not with option A (valid SWIFT BIC)
56A	Intermediary Institution	If used, not with option A (valid SWIFT BIC))
57A	Account With Institution	If used, not with option A.
59a	Beneficiary Customer	If used, not with option A, or no letter option. In case of wrong or missing IBAN number.
72	Sender to Receiver information	If this field is not empty.

B/ STP format of incoming MT202 to Citibank

Tag	Field Name	Non-STP criteria
52a	Ordering Institution	If used, not with option A
53a	Sender's Correspondent	If used, not with option A
54a	Receiver's Correspondent	If used, not with option A
56a	Intermediary Institution	If used, not with option A
57a	Account With Institution	If used, not with option A
58a	Beneficiary Institution	Not option A used
72	Sender to Receiver Information	If this field is not empty

C/ Citibank's foreign currency nostro accounts

Please take this as a standard instruction to pay FCY to Citibank in the following currencies using the following account numbers unless otherwise indicated.

BANK NAME	CCY	A/C NO.	SWIFT BIC
Swedbank Stockholm	SEK	14258	SWEDSESS
UBS Zurich	CHF	02300000068514050000N	UBSWCHZH80A
Den Norske Bank Oslo	NOK	7004.02.05312	DNBANOKK
Den Danske Bank Copenhagen	DKK	3996033732	DABADKKK
Citibank Bratislava	SKK	400018006	CITISKBA
Citibank London	EUR	5513480	CITIGB2L
Citibank London	GBP	607681	CITIGB2L
Citibank New York	USD	36011107	CITIUS33
Citibank Prague	CZK	400030014	CITICZPX
Citibank Sydney	AUD	912139018	CITIAU2X
Citibank Tokyo	JPY	221779401	CITIJPJT
Citibank Toronto	CAD	2213597003	CITICATT
Citibank Warsaw	PLN	300510019	CITIPLPX
Privredna banka Zagreb dd	HRK	809240-191-922325	PBZGHR2X

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