Subject to all laws and Government Regulations applicable:

a) The Bank will credit the counter-value of the Customer’s holdings in foreign currencies to accounts with its correspondents in various countries of origin;

b) Such accounts are in the Bank’s name but are at the Customer’s risks, and the Customer accepts responsibility for any ensuring consequences, including but not limited to consequences of legal, fiscal or other measures affecting the accounts.

c) Except in the case of an assignment by the Customer to the Bank,

the Customer may dispose of such funds only by means of requests for cheques or transfers in the original currencies at the

d) Bank’s option

All credits granted in foreign currencies are also subject to this clause.