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BDO CORPORATE INTERNET BANKING TERMS AND CONDITIONS

VIEWS: 515 PAGES: 6

									                                                                                                                                                                                                  requesting access to CIB. It is a 6-15 alpha/numeric or
                                                                                                                            BDO CORPORATE INTERNET BANKING                                        combination, case sensitive characters.

                                                                                                                                 TERMS AND CONDITIONS                                             1.10 “PIN MAILER” or “PIN” refers to the security paper
                                                                                                                                                                                                  containing the randomly system-generated letters and
                                                                                                                                                                                                  numbers, with combination of upper and lower case
                                                                                                                  The following terms and conditions (“Terms & Conditions”) shall                 characters assigned to each User for initial access to the CIB
                                                                                                                  apply to the enrollment in, use and availment by the COMPANY of                 facility. PIN Mailer contains the initial Password of the User.
                                                                                                                  the BDO Corporate Internet Banking (“CIB”) facility solely for its
                                                                                                                  lawful banking transactions. By enrolling in and using the CIB                  1.11 “Role” refers to the User’s responsibility with respect to
                                                                                                                  facility, the COMPANY hereby agrees as follows:                                 creation, approval, and disapproval of CIB transactions as
                                                                                                                                                                                                  designated by the Company Representative/s. The
                                                                                                                                                                                                  designation and different Roles of Users which is internal to
                                                                                                                  1.       Definitions. As used in this enrollment form and these Terms           the COMPANY are:
                                                                                                                           & Conditions, unless otherwise specified:
                                                                                                                                                                                                   Maker              a User who can only create transactions
                                                                                                                           1.1 “Account/s” refers to accounts opened and maintained                                   in the CIB facility.
                                                                                                                           with BDO and any of its branches under the classifications              Verifier           a User who verifies and validates the
                                                                                                                           provided below, in the nature of Peso Savings Account, Peso                                transaction made by the Maker; a User
                                                                                                                           Current Account, FCDU Savings Account, Time Deposit                                        who cannot create a transaction.
                                                                                                                           Account, and such other types of accounts as may be allowed             Approver/          a User who only approves transactions
                                                                                                                           by BDO for purposes of the CIB facility (e.g. BDO Cash Card)            Authorizer         (can not create transactions) in the CIB
                                                                                                                                                                                                                      facility; a User who cannot make or
                                                                                                                           Account/s are classified as follows:                                                       verify a transaction.
                                                                                                                           ∗   Own Account/s – Account/s owned by and in the name                                     a User authorized by the COMPANY to
                                                                                                                               of the COMPANY                                                       System            designate Users role either as Makers or
                                                                                                                           ∗   Inter-Company Account/s – Account/s owned by and in                  Administrator     Verifiers only.
                                                                                                                               the name of a subsidiary, affiliate or parent company of
                                                                                                                               the COMPANY subject to the BDO required percentage of              1.12 “User/s” refers to individual/s named in the CIB
                                                                                                                               ownership and interests.                                           Enrollment Form, authorized to access, use, and/or transact
                                                                                                                           ∗   Third Party Account/s – Account/s owned by and in the              on the Account/s via the CIB facility, for and on behalf of the
                                                                                                                               name of third parties other than Inter-Company                     COMPANY in accordance with their respective Roles.
                                                                                                                               Account/s      (e.g.     BDO     Cash   Card    account,
                                                                                                                               supplier’s/merchant’s account) with which the COMPANY              1.13 “User Group/s” refers to the group classifications of
                                                                                                                               has legitimate business relationship                               Users, where each User belongs. User Groups are classified
                                                                                                                           ∗   Source Account - Own Account where debits will be                  into three (3), namely: Maker, Verifier, and Authorizer.
                                                                                                                               done
                                                                                                                                                                                                  1.14 “USER ID” refers to the logon identification of the USER
                                                                                                                           ∗   Destination Account – Own Account, Inter-Company
                                                                                                                                                                                                  in each company, and can either be nominated by the user in
                                                                                                                               Account and/or Third Party Account where credits will
                                                                                                                                                                                                  the enrollment form or assigned by BDO to the USER that
                                                                                                                               be made
                                                                                                                                                                                                  uniquely identifies the latter. It consists of 6-15, non case
                                                                                                                                                                                                  sensitive alphanumeric characters.
                                                                                                                           1.2 “Authorization Matrix” refers to the signing class and
                                                                                                                           signing limits of the Users as indicated in the COMPANY’s
                                                                                                                           notarized and certified Board Resolution or equivalent            2.   Enrollment in the CIB Facility
                                                                                                                           document and in the CIB Enrollment Form.
                                                                                                                                                                                                  2.1 To enroll in the CIB facility, the COMPANY shall submit to
                                                                                                                           1.3 “BDO CASA SYSTEM” refers to the Bank’s core deposit                BDO the following documents: (i) a duly accomplished and
                                                                                                                           system used by all the Bank’s branches, and Bank’s other               signed CIB Enrollment Form; (i) a notarized and certified
                                                                                                                           business and support units in connection with banking                  Board Resolution or equivalent document of the COMPANY,
                                                                                                                           transactions.                                                          authorizing the availment of and the enrollment of the
                                                                                                                                                                                                  COMPANY       and      Account/s    in,    the   CIB    facility,
                                                                                                                                                                                                  naming/designating the Company Representative/s and their
                                                                                                                           1.4“CIB Enrollment Form” refers to this enrollment form,               specific authorities with respect to the use of the CIB, in such
                                                                                                                           and if applicable, the CIB Enrollment Update Form, duly                form and substance acceptable to BDO; (ii) a notarized and
                                                                                                                                                                                                  certified Board Resolution or equivalent document of Inter-
                                                           _____________________________________________________________




                                                                                                                           accomplished, signed and submitted by the COMPANY to BDO
                                                                                                                           in accordance with these Terms & Conditions.                           Company Accountholder/s, authorizing the COMPANY and BDO
                                                                                                                                                                                                  to enroll its/their Account/s as Inter-Company Account/s in
                                                                                                                           1.5 “CIB facility”/“CIB”/ “CIB system” refers to the internet          the CIB and do transactions thereon, together with a written
                                                                                                                           portal designed to consolidate all cash management solutions           consent for BDO to disclose information pertaining to Inter-
                                                                                                                           for corporate clients of BDO in one platform. CIB allows BDO’s         Company Account/s, in such form and substance acceptable
                                                                                                                           corporate clients direct access to their enrolled accounts real        to BDO; and (iii) other documents as may be required by
                                                                                                                           time and allow them the convenience to do financial                    BDO. In addition, the Account/s for enrollment must be
                                                                                                                           transactions on said accounts via the internet.                        existing and active Account/s, free from contractual or legal
Please indicate your initial/s here for control purposes




                                                                                                                                                                                                  restriction/s or prohibition/s (e.g. hold-out, garnishment,
                                                                                                                           1.6 “COMPANY” refers to an entity (i.e. corporation,                   execution). Enrollment of the COMPANY and the Account/s in
                                                                                                                           partnership, single proprietorship, or similar entity) duly            the CIB facility shall be subject to these Terms & Conditions.
                                                                                                                           organized and registered with the Securities and Exchange
                                                                                                                           Commission, Department of Trade and Industry and/or other              2.2 The COMPANY shall provide all the information required
                                                                                                                           relevant government regulatory agency, enrolled in the CIB             in the CIB Enrollment Form, and hereby warrants that any and
                                                                                                                           facility, and whose name is indicated in the CIB Enrollment            all information given in connection with the CIB are
                                                                                                                           Form.                                                                  complete, truthful and valid information, and that the
                                                                                                                                                                                                  COMPANY and the Company Representative/s have the
                                                                                                                           1.7 “Company Representative/s” refers to the person/s                  requisite power, authority and consent to provide such
                                                                                                                           duly authorized by the COMPANY to accomplish and sign the              information. The COMPANY shall provide additional or other
                                                                                                                           CIB Enrollment Form and other related documents, agree to              information as may be required by BDO in connection with the
                                                                                                                           these Terms & Conditions, name and designate Users and                 CIB.
                                                                                                                           their respective Roles, and enroll Account/s in the CIB.
                                                                                                                                                                                                  2.3 Enrollment of the COMPANY in the CIB is subject to prior
                                                                                                                           1.8 “Corporate ID” refers to the pre-assigned ID given by BDO          compliance with all the requirements as set forth in Section
                                                                                                                           to the COMPANY that uniquely identifies the latter. It                 2.1 hereof, and the written approval of BDO. In case of
                                                                                                                           consists of alphanumeric characters, with first five (5)               approval or enrollment, the COMPANY will be notified thereof
                                                                                                                           characters being numeric and succeeding characters maybe               through the email address given in the CIB Enrollment Form,
                                                           ___




                                                                                                                           alphanumeric                                                           together with its assigned Corporate ID.

                                                                                                                           1.9 “Password” refers to a sequence of characters initially            2.4 After notification of approval of CIB enrollment, BDO will
                                                                                                                           assigned by BDO to User/s and which may subsequently be                provide the User/s with PIN Mailer/s. The User/s may start
                                                                                                                           changed by User/s, for use in tandem with a User ID, in order          using the CIB facility once they receive their PIN Mailer/s and
                                                                                                                           to access, use and/or transact on the Account/s via the CIB.           an e-mail confirmation from BDO of the activation of CIB
                                                                                                                           This is used by the CIB system to authenticate the User                enrollment. It is understood that the User shall have full
                                                                                                                                                                                                  responsibility for keeping and maintaining the confidentiality



                                                                                                                  BDO TBG-FCIB-01070103 OCT2009VERSION                                            BDO Corporate Internet Banking Terms & Conditions
                                                                                                                           of his PIN Mailer and its contents, and the User shall take all         of the Account will be for the account of and paid by the
                                                                                                                           reasonable steps to prevent its disclosure. The COMPANY and             COMPANY.
                                                                                                                           the User agree to jointly and severally indemnify and free the
                                                                                                                                                                                                   4.7 BDO will implement cut-offs during the day for each
                                                                                                                           BANK from any liability arising from the misuse or
                                                                                                                                                                                                   transaction. If a transaction is carried-out after the cut-off
                                                                                                                           unauthorized use of the PIN Mailer and its contents.
                                                                                                                                                                                                   time, it will be stored and processed the next banking day.
                                                                                                                                                                                                   Any charges or penalties as a result of a next day transaction
                                                                                                               3.          Dis-enrollment, Re-enrollment of Account/s; Enrollment of
                                                                                                                                                                                                   will be for the account of and paid by the COMPANY.
                                                                                                                           Additional of Account/s; Other Changes in CIB Enrollment
                                                                                                                                                                                                   4.8 The COMPANY and the User/s shall be responsible for
                                                                                                                           3.1 The COMPANY may enroll additional Account/s and/or                  and must take all reasonable care to ensure that the
                                                                                                                           User/s, dis-enroll Account/s and/or User/s, or re-enroll                information they supply in the CIB facility is valid and
                                                                                                                           Accounts and/or User/s in the CIB facility, or change any               accurate. The BANK accepts no responsibility and liability for
                                                                                                                           other enrolled information, by submitting to BDO a duly                 the validity and accuracy of such information.
                                                                                                                           accomplished and signed CIB Enrollment Update Form (to be
                                                                                                                           provided by BDO). However, in case the change relates to                4.9 The COMPANY shall promptly notify BDO in case of any
                                                                                                                           signing class and/or signing limit of User/s, the COMPANY               error in the transaction/s carried out through the CIB facility
                                                                                                                           shall, in addition to the CIB Enrollment Update Form, likewise          via electronic mail or other reasonable means of
                                                                                                                           submit a new notarized and certified Board Resolution or                communication. BDO will investigate the reported error and
                                                                                                                           equivalent document, specifying the new signing class and/or            advise the COMPANY of the results of investigation. BDO will,
                                                                                                                           signing limits. The CIB Enrollment Update Form shall be                 on a best efforts basis, and without any guarantee, correct or
                                                                                                                           signed by the Company Representative/s named in the Board               reverse any reported error, without BDO incurring liability as
                                                                                                                           Resolution or equivalent document on file with BDO. Any                 a consequence thereof.
                                                                                                                           change in the Company Representative/s shall require                    4.10 In the event no CIB transaction is done by the User/s for
                                                                                                                           submission of a new notarized and certified Board Resolution            twelve (12) consecutive months from activation of the CIB
                                                                                                                           or equivalent document, otherwise, BDO will not accept the              facility, the CIB system will automatically de-activate the
                                                                                                                           CIB Enrollment Update Form signed by the new Company                    COMPANY’s access and its enrollment will be tagged for
                                                                                                                           Representative/s. The CIB Enrollment Update Form and                    deletion six (6) months thereafter. Thus, the COMPANY will
                                                                                                                           related document/s submitted to BDO shall be subject to                 have another six (6) months from de-activation of access to
                                                                                                                           verification and approval of BDO to be communicated to the              re-activate its access by submitting a written request to BDO,
                                                                                                                           COMPANY within three (3) banking days from receipt of                   failure of which, the CIB system shall automatically delete
                                                                                                                           complete documents. Any approved change will be                         the enrollment of the COMPANY from the CIB facility after the
                                                                                                                           implemented by BDO within the same three (3) banking day                lapse of said 6 month period. Access will be re-activated upon
                                                                                                                           period.                                                                 BDO’s notice of approval of the re-activation request from the
                                                                                                                                                                                                   COMPANY.
                                                                                                                           3.2 Once dis-enrolled from the CIB facility, the dis-enrolled
                                                                                                                           Account/s may no longer be used by the COMPANY for any             4.11 Upon receipt by BDO and/or the COMPANY of any notice or
                                                                                                                           present or future dated transaction/s, notwithstanding                  order of restriction, legal or contractual, including notices of
                                                                                                                           approval or authorization given by the User/s for said                  garnishment or hold-out on or with respect to any enrolled
                                                                                                                           transaction/s and for the use of said Account/s.                        Account, the COMPANY shall promptly stop or desist from
                                                                                                                                                                                                   carrying out any transaction that will defeat the purpose of
                                                                                                               4.          Acquiring and Managing Access, Transacting via CIB                      the restriction and shall not make or do transactions with
                                                                                                                           4.1 User/s will be able to access Account/s and do                      respect to said Account for as long as the Account restriction
                                                                                                                           transactions via the CIB only with the use of a valid Corporate         is effective or until it shall have been lifted, removed or
                                                                                                                           ID, User ID, Password and other security devices that maybe             totally implemented.
                                                                                                                           provided by the Bank. The use of the Corporate ID, User ID
                                                                                                                           and password/PIN and security devices, as applicable, will         5.   Security Requirements
                                                                                                                           serve as BDO’s authorization to carry out transactions
                                                                                                                           initiated on the Accounts.                                              5.1 The COMPANY shall ensure and hereby warrants that the
                                                                                                                                                                                                   COMPANY and the User/s know their Corporate ID/s, User
                                                                                                                           4.2 BDO shall have no obligation to verify the authenticity or          ID/s, Password/s and PIN. It is understood that the Password
                                                                                                                           veracity of any instruction given by the User/s through the             of each User shall expire every 3 months or such other expiry
                                                                                                                           CIB facility. BDO shall be entitled (but not bound) to give             period as may be imposed by BDO, and thus, the User shall
                                                           _____________________________________________________________




                                                                                                                           effect to any instruction received, in the terms in which it            designate a new Password for access to the CIB facility. Each
                                                                                                                           was received. BDO’s record of any instruction shall (unless             User, upon logging on the CIB, shall be prompted to change
                                                                                                                           there is a manifest error) be final and binding.                        the Password fifteen (15) days before its expiry. The
                                                                                                                                                                                                   COMPANY acknowledges and agrees that only the Users shall
                                                                                                                           4.3 Each User shall belong to a User Group, and the User
                                                                                                                                                                                                   have the sole option and authority to change their respective
                                                                                                                           under this User Group shall be able to access the same
                                                                                                                                                                                                   Passwords.
                                                                                                                           Account/s, be subject to the signing limits as defined by the
                                                                                                                           COMPANY in its notarized and certified Board Resolution or
                                                                                                                                                                                                   5.2 The COMPANY and the User/s shall be solely responsible
                                                                                                                           equivalent document submitted to BDO. The COMPANY and
Please indicate your initial/s here for control purposes




                                                                                                                                                                                                   for keeping the Corporate ID, User ID, PIN and Password
                                                                                                                           the Company representative/s jointly and severally render
                                                                                                                                                                                                   strictly confidential. For security reasons, the User/s must
                                                                                                                           BDO free from any responsibility or liability arising from the
                                                                                                                                                                                                   and the COMPANY shall ensure that User/s make it a habit to
                                                                                                                           erroneous Role designation of User/s.
                                                                                                                                                                                                   change their Password/s regularly, especially if they suspect
                                                                                                                                                                                                   that its confidentiality has been compromised. The Password
                                                                                                                           4.4 The COMPANY may use the CIB facility to approve or
                                                                                                                                                                                                   designated by the User must not relate to any readily
                                                                                                                           disapprove transactions with respect to the Account/s. All
                                                                                                                                                                                                   accessible personal data such as name, birth date, address,
                                                                                                                           transactions shall follow the Authorization Matrix of the
                                                                                                                                                                                                   phone number, or identification card number and must not be
                                                                                                                           COMPANY. Only transactions initiated by Users using the CIB
                                                                                                                                                                                                   an obvious combination of letters and numbers, including
                                                                                                                           facility can be approved or disapproved. Access to the CIB
                                                                                                                                                                                                   sequential numbers (e.g. 123456) or one which can easily be
                                                                                                                           facility shall be limited to the User Group as designated in the
                                                                                                                                                                                                   guessed by someone else. The COMPANY and the User/s agree
                                                                                                                           CIB Enrollment Form or CIB Enrollment Update Form, as the
                                                                                                                                                                                                   to jointly and severally indemnify and render BDO free and
                                                                                                                           case may be, submitted to BDO.
                                                                                                                                                                                                   harmless from and against any claim or liability which may
                                                                                                                                                                                                   arise from the unauthorized use or misuse or breach of the
                                                                                                                           4.5 Any scheduled or future dated transaction once approved
                                                                                                                                                                                                   confidentiality of the Corporate ID, User ID, Password and/or
                                                                                                                           by the User shall be implemented by the CIB system, unless
                                                                                                                                                                                                   PIN.
                                                                                                                           the transaction has been cancelled by the User prior to
                                                                                                                           implementation by the CIB system. Transaction/s previously              5.3 The COMPANY and User/s shall not use or permit the use
                                                                                                                           approved by a dis-enrolled User, who at the time of the                 of their Corporate ID, User ID, Password and/or PIN in whole
                                                                                                                           approval of transaction/s was an authorized User will still be          or in part for any purpose other than as specifically intended
                                                           ___




                                                                                                                           implemented by the CIB system.                                          to carry out legitimate and lawful banking transactions and
                                                                                                                                                                                                   account inquiries via the CIB facility.
                                                                                                                           4.6 BDO will implement transactions on the Account/s via CIB,
                                                                                                                           provided there are sufficient funds available in the                    5.4 Any and all transactions done using the User ID and
                                                                                                                           Account/s. The COMPANY shall be solely responsible for                  Password of the User/s shall be deemed by BDO as official and
                                                                                                                           ensuring that sufficient funds are available in the Accounts at         binding upon the COMPANY and as having been authorized by
                                                                                                                           all times to cover transactions, immediate or scheduled, and            the latter.
                                                                                                                           that the Account/s are active. Any charges or penalties as a
                                                                                                                           result of an unsuccessful transaction due to insufficiency of
                                                                                                                           funds or dormancy/sequestration and other legal impediments



                                                                                                               BDO TBG-FCIB-01070103 OCT2009VERSION                                                BDO Corporate Internet Banking Terms & Conditions
                                                                                                                           5.5 All CIB transactions are automatically logged on the CIB
                                                                                                                           system for audit trail purposes and for the enhancement of        9.   Fees and Charges
                                                                                                                           the security features of the CIB facility.
                                                                                                                                                                                                  9.1 BDO may, from time to time, upon giving notice, impose
                                                                                                                                                                                                  fees and charges for the COMPANY’s use of the CIB facility.
                                                                        6.                                                 CIB Functionalities
                                                                                                                                                                                                  The COMPANY hereby authorizes BDO to debit Own Account/s
                                                                                                                                                                                                  or any other account which the COMPANY maintains with
                                                                        The COMPANY hereby agrees to avail itself and shall cause its Users
                                                                                                                                                                                                  BDO, for the amount of such fees and charges. If at any time
                                                                        to avail themselves and make use of the functionalities of the CIB
                                                                                                                                                                                                  there are insufficient funds in the said Account/s to cover
                                                                        facility as set forth in the List of CIB Functionalities below, and
                                                                                                                                                                                                  fees and charges, BDO may refuse to carry out transaction
                                                                        further agree to be bound by the terms governing each CIB
                                                                                                                                                                                                  without BDO incurring any liability as a result of such refusal.
                                                                        functionality. BDO reserves the right to supplement or amend the
                                                                        CIB functionalities from time to time, and the COMPANY shall be                                                           9.2 Any and all taxes arising from the use and availment of
                                                                        notified thereof accordingly. Availment and use of the CIB                                                                the CIB facility, including payments made hereunder shall
                                                                        functionalities is subject to these Terms & Conditions.                                                                   be for the account of the COMPANY.

                                                                        7.                                                 Notification Services                                             10. Termination / Suspension of Access and Use

                                                                                                                           7.1 The COMPANY/User/s shall be solely responsible for                 10.1The COMPANY may request BDO to terminate or suspend
                                                                                                                           checking the status of their CIB transactions by logging on the        its access to and use of the CIB facility in writing address to
                                                                                                                           CIB facility from time to time. The CIB system will                    Transaction Banking Group-Fulfillment Unit or to the BDO
                                                                                                                           nevertheless automatically send notifications to the email             Account officer-in-charge for the COMPANY or TBG-Sales
                                                                                                                           address/es provided by the COMPANY in the CIB Enrollment               Officer assigned to the COMPANY. The COMPANY shall remain
                                                                                                                           Form submitted to BDO. The COMPANY and its User/s shall                responsible for any transactions made on the Account/s until
                                                                                                                           provide correct and operational e-mail address/es in the CIB           the time of termination or suspension. BDO shall not be liable
                                                                                                                           Enrollment Form and shall ensure and hereby warrant the                for any or all remaining scheduled transactions that were
                                                                                                                           correctness of the information entered with regard to their            previously set up in the CIB.
                                                                                                                           designated e-mail address. The COMPANY likewise agrees that            10.2 BDO may terminate or suspend the COMPANY’s access to
                                                                                                                           it shall be responsible for keeping the confidentiality of the         and use of the CIB facility at any time, subject to at least
                                                                                                                           information contained in the notifications sent to its                 thirty (30) days prior notice of such termination.
                                                                                                                           designated e-mail address and BDO shall not be liable for any
                                                                                                                           unauthorized disclosure or use of such information. The                BDO may terminate or suspend the COMPANY’s access to and
                                                                                                                           COMPANY shall promptly notify BDO of any change in its given           use of the CIB facility without prior notice if:
                                                                                                                           e-mail address/es, contact number, business address or any             a.   The COMPANY has breached these Terms & Conditions;
                                                                                                                           other information which may affect communication. Prior to
                                                                                                                           receipt of such notice of change, BDO shall have the right to          a.   BDO learns of the COMPANY’s bankruptcy, insolvency,
                                                                                                                           rely upon and send/receive notification/s to/from the                       liquidation,   dissolution     or    other     analogous
                                                                                                                           COMPANY’s e-mail address/es, contact number/s and business                  circumstances, or that the COMPANY committed an act
                                                                                                                           address indicated in the CIB Enrollment Form, without BDO                   of bankruptcy, insolvency, liquidation, dissolution or
                                                                                                                           incurring liability as a consequence thereof                                other analogous acts, or that a bankruptcy or insolvency
                                                                                                                                                                                                       or other analogous petition has been filed against the
                                                                                                                           7.2 The COMPANY shall be responsible, at its expense, for                   COMPANY;
                                                                                                                           providing the proper equipment, subscription, membership,              b.   There are insufficient funds in the enrolled Account/s to
                                                                                                                           internet connection, and other paraphernalia necessary and                  cover payments or payment instructions given;
                                                                                                                           required to enable it to receive e-mail notifications from BDO
                                                                                                                           through the CIB facility. The COMPANY’s ability to receive e-          c.   If in BDO’s reasonable opinion, the COMPANY’s enrolled
                                                                                                                           mail notifications depends on its compliance with this                      Account/s is/are being mishandled as determined
                                                                                                                           undertaking and the BANK does not endorse nor guarantee                     pursuant to BDO’s existing policies and procedures, or if
                                                                                                                           any third-party service or product for this purpose.                        the enrolled Account/s or the CIB facility is being used
                                                                                                                                                                                                       for any unlawful or illegal activity or transaction; or
                                                                        8.                                                 Representations and Warranties                                         d.   BDO considers that there exists other reasonable grounds
                                                                                                                                                                                                       to do so (in which case all reasonable efforts will be
                                                                                                                           The COMPANY represents and warrants to BDO that:                            made to advise the COMPANY of the circumstances of
                                                                                                                                                                                                       termination or suspension)
                                                                                                                                a.   It is a company duly organized and validly existing
                                                                                                                                     under the laws of its place of incorporation, with
                                                                                                                                     the power to execute this agreement and to                   10.3 Any and all accrued but unpaid obligations of the
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                                                                                                                                     exercise its rights and perform its obligations              COMPANY prior to termination, and terms and conditions
                                                                                                                                     hereunder;                                                   hereof which by express terms, shall survive termination,
                                                                                                                                                                                                  shall survive the termination of the COMPANY’s access and
                                                                                                                                b.   The Company Representative/s and the User/s have             use of the CIB facility.
                                                                                                                                     the proper and necessary authority            to act
                                                                                                                                     for and on behalf of the COMPANY in connection          11. Indemnification Clause
                                                                                                                                     with the use and availment of      the CIB facility
                                                                                                                                                                                                  11.1 The COMPANY hereby agrees to indemnify and render
                                                                                                                                     and carrying out transactions via the CIB facility.
                                                                                                                                                                                                  BDO, its directors, officers, employees and agents and
Please indicate your initial/s here for control purposes




                                                                                                                                                                                                  assigns, free and harmless from and against any claim, cause
                                                                                                                                c.   All corporate or other actions required to authorize
                                                                                                                                                                                                  of action, suit, liability, loss or damage of whatever nature
                                                                                                                                     the execution and performance of its      obligations
                                                                                                                                                                                                  which may arise as a result of or in connection with the use
                                                                                                                                     hereunder have been duly taken;
                                                                                                                                                                                                  and availment by the COMPANY/Users of the CIB facility, and
                                                                                                                                                                                                  the implementation of CIB transactions, and specifically, in
                                                                                                                                d.   All authorizations, licenses and consents from
                                                                                                                                                                                                  the following instances:
                                                                                                                                     governmental authorities in places where it has
                                                                                                                                     business presence, in respect of the execution and           a.   Disruption, failure, error or delay relating to or in
                                                                                                                                     performance of this agreement have been duly                      connection with the CIB facility, the implementation of
                                                                                                                                     taken;                                                            transactions, transmission and/or receipt of messages,
                                                                                                                                                                                                       communications, materials, correspondences and/or
                                                                                                                                e.   All authorizations and consents (including those of               information via the CIB facility which is due to
                                                                                                                                     third parties) with respect to the enrollment by the              circumstances beyond the control of BDO, fortuitous
                                                                                                                                     COMPANY of the Account/s in the CIB facility, and                 events such as but not limited to prolonged power
                                                                                                                                     allowing access, use of and transactions on said                  outages, breakdown in computers and communication
                                                                                                                                     Account/s, have been duly taken;                                  facilities, computer-related errors, problems related to
                                                                                                                                                                                                       computer hardware and/or software (including bugs and
                                                                                                                                f.   This agreement, when executed, will constitute its                viruses), typhoons, floods, public disturbances and
                                                                                                                                     legal, valid and binding obligation enforceable in                calamities and other similar or related cases, and/or
                                                                                                                                     accordance with the terms thereof; and                            which are attributable to the services provided by any
                                                           ___




                                                                                                                                                                                                       service provider or information service provider;
                                                                                                                                g.   During the effectivity of this agreement, it shall
                                                                                                                                                                                                  b.   Fraudulent access or utilization of the CIB facility and/or
                                                                                                                                     keep in full force and effect all authorizations,
                                                                                                                                                                                                       fraudulent or unauthorized transactions in the CIB
                                                                                                                                     licenses    and  consents    from    governmental
                                                                                                                                                                                                       facility, due to theft or unauthorized disclosure of
                                                                                                                                     authorities, which is required by law in places
                                                                                                                                                                                                       Corporate ID, User ID, Password, PIN, or violation or
                                                                                                                                     where it has business presence in respect of the
                                                                                                                                                                                                       non-compliance with other security requirements as set
                                                                                                                                     execution and performance of this agreement;


                                                                        BDO TBG-FCIB-01070103 OCT2009VERSION                                                                                      BDO Corporate Internet Banking Terms & Conditions
                                                                                                                                forth in this Agreement, with or without the COMPANY’s               and Section 55 of the General Banking Law of 2000
                                                                                                                                participation;                                                       (collectively, the “Bank Secrecy Laws”) in connection with the
                                                                                                                                                                                                     use and availment of the CIB facility to access and/or do
                                                                                                                           c.   Inaccurate, incomplete or delayed information received
                                                                                                                                                                                                     transactions on Third Party Account/s and Inter-Company
                                                                                                                                 by the COMPANY due to disruption or failure of any
                                                                                                                                                                                                     Account/s. The COMPANY further agrees and undertakes that
                                                                                                                                 communication facilities used for CIB facility;
                                                                                                                                                                                                     it will not, and covenants that all the Users will not do
                                                                                                                           d.   Delay and/or failure to implement or carry out                       anything which will cause BDO to violate any provision of the
                                                                                                                                transactions on the Account/s due to garnishment,                    Bank Secrecy Laws or otherwise be guilty of an offense
                                                                                                                                execution, hold-out and similar restrictions on the                  thereunder. The COMPANY agrees that it shall be solidarily
                                                                                                                                Account/s; and/or                                                    liable with BDO should the disclosure of information relative
                                                                                                                                                                                                     to Third Party Account/s and Inter-Company Account/s by the
                                                                                                                           e.   Unauthorized or fraudulent enrollment, use of, and                   COMPANY and/or by the User/s, and the enrollment and use
                                                                                                                                transactions on Account/s in the CIB facility.                       of such Accounts in the CIB result to a violation by BDO of the
                                                                                                                           f.   The COMPANY’s inability, delay and/or failure to comply              Bank Secrecy Laws.
                                                                                                                                with the Terms & Conditions.
                                                                                                                                                                                              16.    Confidentiality Obligation
                                                                                                                           11.2 The above provisions shall survive the termination or               16.1 The COMPANY shall keep and cause the Users, Company
                                                                                                                           suspension of the CIB facility.                                           Representatives and/or other persons authorized by the
                                                                                                                                                                                                     COMPANY to have access to the CIB facility, to keep and
                                                                                                                    12. Liability Limitation                                                         maintain the strict confidentiality of any and all messages,
                                                                                                                                                                                                     materials, information, communications, correspondences,
                                                                                                                           BDO’s entire liability in connection with the CIB facility shall          data, notifications received, recorded, transmitted,
                                                                                                                           be limited to the amount of fees paid by the COMPANY for the              generated, stored, processed, retrieved and/or produced
                                                                                                                           use and availment of the CIB facility or the amount of the                electronically via the CIB facility.
                                                                                                                           reasonable actual and direct loss or damage suffered by the
                                                                                                                           COMPANY, whichever is the lesser. BDO shall not be liable for            16.2 The herein confidentiality obligation shall survive the
                                                                                                                           any special, consequential or indirect damage suffered by the             termination or suspension of the CIB facility.
                                                                                                                           COMPANY from the use or availment of the CIB facility. This
                                                                                                                           provision shall survive the termination or suspension of the       17.    Applicability of E-Commerce Act
                                                                                                                           CIB facility.
                                                                                                                                                                                                     The provisions of the Electronic Commerce Act of 2000 (R.A.
                                                                                                                           The COMPANY acknowledges that the CIB Facility serves as                  8792) and its Implementing Rules and Regulations, including
                                                                                                                           mere alternative channel to over-the-counter channel at the               amendments and supplements thereto (“E-Commerce Act”),
                                                                                                                           BDO branches where the COMPANY can transact its day-to-day                shall apply to the CIB facility and the use and availment of
                                                                                                                           business with the Bank or other parties. Thus, in the event               the CIB facility, in so far as said provisions are consistent
                                                                                                                           that the CIB System in unavailable for access, the COMPANY                with these Terms & Conditions. In the event of inconsistency
                                                                                                                           agrees to instead perform banking transactions using the                  between the provisions of the E-Commerce Act and these
                                                                                                                           over-the-counter channel at BDO branches and BDO cannot be                Terms & Conditions, the latter shall prevail.
                                                                                                                           made liable for the COMPANY’s failure to carry out its
                                                                                                                           business transactions or comply with its business obligations      18.    Miscellaneous Provisions
                                                                                                                           with the Bank or other third parties.
                                                                                                                                                                                                    18.1 BDO may at any time, amend any of these terms and
                                                                                                                    13. Force Majeure                                                               conditions as it may deem necessary for the best interest of
                                                                                                                                                                                                    both parties, upon reasonable notice to the COMPANY. The
                                                           _____________________________________________________________




                                                                                                                           BDO shall not be liable for any damage or delays caused by or            COMPANY agrees to be bound by such amendments.
                                                                                                                           arising out of force majeure, namely, riots, war, (whether
                                                                                                                           declared or not), lock-outs and strikes, coup d’etat, embargo,           18.2 The COMPANY agrees to be bound by the terms and
                                                                                                                           confiscations, nationalizations, acts of the public enemy, or            conditions of BDO governing deposit accounts, which are
                                                                                                                           acts of God, such as fire, flood, earthquake and the like.               made part of this Agreement by way of reference, in so far as
                                                                                                                                                                                                    they are consistent herewith.
                                                                                                                    14. Proprietary and Disclosure Rights
                                                                                                                                                                                                    18.3 BDO’s failure to demand strict compliance with any of
                                                                                                                           14.1 The COMPANY agrees that the CIB facility, its website,              these terms and conditions shall not be construed as a waiver
Please indicate your initial/s here for control purposes




                                                                                                                           the software used in connection therewith, any and all                   thereof. Any waiver to be effective shall be made in writing
                                                                                                                           materials and information (including, modifications,                     and signed by BDO.
                                                                                                                           enhancements, updates) used in or derived from the provision
                                                                                                                           of the CIB facility, associated marks, logos, business names,            18.4 The COMPANY shall ensure and hereby warrants that the
                                                                                                                           products and services (“Proprietary Items”) are proprietary              COMPANY and User/s have clearly understood these terms and
                                                                                                                           and confidential to BDO and/or its licensor/s and are                    conditions and the procedures governing the use and
                                                                                                                           protected under intellectual property and other applicable               availment of the CIB facility, and that the COMPANY is fully
                                                                                                                           laws. The COMPANY shall not (and shall not allow third                   aware and hereby assumes the potential risks arising from the
                                                                                                                           parties) to copy, modify, create any derivative work from,               use of the CIB facility.
                                                                                                                           reverse engineer, reverse assemble or otherwise attempt to
                                                                                                                           discover any source code, sell, assign, sublicense, transfer             18.5 These terms and conditions and the interpretation and
                                                                                                                           any right or grant any security interest in the Proprietary              implementation hereof shall be governed by Philippine laws
                                                                                                                           Items, nor disclose the same to any third party except those             and shall be subject to the applicable rules and regulations of
                                                                                                                           which are of public knowledge without fault or negligence on             the     Bangko     Sentral      Ng   Pilipinas,    government
                                                                                                                           the part of the COMPANY and/or its representatives.                      telecommunications and other regulatory authorities, and the
                                                                                                                                                                                                    business rules, policies, procedures of BDO governing CIB. All
                                                                                                                           14.2 The COMPANY further agrees that BDO may disclose,                   suits arising out of these terms and conditions shall be
                                                                                                                           preserve or maintain any information, message, material,                 exclusively lodged in the proper courts of the place where
                                                                                                                           correspondence, data, communication and/or notification                  BDO’s principal office is located.
                                                           ___




                                                                                                                           provided by the COMPANY in connection with the use of the
                                                                                                                           CIB facility (i) if required to do so by law, government rule or         18.6 The COMPANY shall not assign any of its rights and
                                                                                                                           regulation or legal process, (ii) if BDO has a good faith belief         obligations under these terms and conditions without the
                                                                                                                           that such disclosure is necessary to comply with the law,                prior written consent of BDO.
                                                                                                                           government rule or regulation or legal process; (iii) to
                                                                                                                           enforce these Terms & Conditions; (iv) to respond to claims              18.7 Should any of these terms and conditions be declared by
                                                                                                                           that such information, message, material, correspondence,                competent authority as invalid, all other terms and conditions
                                                                                                                           data, communication, and/or notification violates the rights             not affected by said invalidity shall remain effective and
                                                                                                                           of third parties; (v) to respond to COMPANY’s request for                binding upon the parties.
                                                                                                                           customer service; and/or (vi) to protect BDO’s rights and
                                                                                                                           property, its customers and/or the general public.                       18.8 In the event of any unsettled question or controversy
                                                                                                                                                                                                    arising from the interpretation or implementation of these
                                                                                                                    15.     Bank Secrecy Laws                                                       terms and conditions and/or the use or availment by the
                                                                                                                                                                                                    COMPANY of the CIB facility, the parties hereby undertake to
                                                                                                                            The COMPANY hereby acknowledges that it is aware of,                    exert maximum efforts to resolve such dispute or controversy
                                                                                                                            understands the effect of, and agrees and undertakes to, and            amicably within a period of THIRTY (30) days from the date
                                                                                                                            cause all the Users to observe bank secrecy laws, including but         the question or controversy arose. During such period, the
                                                                                                                            not limited to the provisions of Republic Act 1405, RA 6426             parties are prohibited from filing any case or complaint in a


                                                                                                                    BDO TBG-FCIB-01070103 OCT2009VERSION                                            BDO Corporate Internet Banking Terms & Conditions
                                                                                                                             court of law or administrative and quasi-judicial body. Only          The COMPANY may cancel its scheduled or future-dated fund
                                                                                                                             when the aforementioned 30-day period shall have already              transfer request(s) only by using the CIB’s Fund Transfer
                                                                                                                             elapsed without the parties reaching an amicable settlement           functionality.
                                                                                                                             may the aggrieved party file the necessary action in the
                                                                                                                             appropriate Philippine court of law, administrative or quasi-         The COMPANY may transfer funds from its enrolled CA/SA,
                                                                                                                             judicial body.                                                        (Source Account) to another CA/SA, either Own Account , Inter-
                                                                                                                                                                                                   Company Account or enrolled Third Party Account/Cash Card.
                                                                                                                             18.9 Each of the parties agrees to execute and deliver all            The COMPANY may also transfer funds from their enrolled FCDU
                                                                                                                             such further instruments, and to do and perform all such              savings account(s) to another FCDU savings account of the same
                                                                                                                             further acts and things as shall be necessary or convenient to        currency only.
                                                                                                                             carry out these terms and conditions.                                 In case of an erroneous fund transfer, the COMPANY shall report
                                                                                                                                                                                                   the error, either through email, fax, or telephone call, to the
                                                                                                                  LIST OF CIB FUNCTIONALITIES/MODULES                                              maintaining branch or to the BDO Customer Hotline within 24
                                                                                                                                                                                                   hours or on the next banking day after the fund transfer was
                                                                                                                  Provisions pertaining to each CIB function/module are only                       made. The COMPANY shall follow the prescribed procedures of
                                                                                                                  applicable if the relevant CIB function/module is availed of by the              the BANK related to this.
                                                                                                                  COMPANY.
                                                                                                                                                                                                   The COMPANY understands and agrees that enrolled Accounts
                                                                                                                  1. ACCOUNT BALANCE AND TRANSACTION INQUIRY                                       classified as Third Party Accounts can only serve as “Destination
                                                                                                                                                                                                   Accounts” or recipient Accounts and not as “Source Accounts”.
                                                                                                                           The CIB facility will allow the COMPANY, through the User/s, to
                                                                                                                           inquire, as of the date and time of inquiry, the “current”,             All fund transfers are done real time. However, credits arising
                                                                                                                           “available” and “for clearing balances” for each enrolled               from fund transfers done after the system cut-off of 11:59 PM will
                                                                                                                                                                                                   be considered the next banking day's transaction and cannot be
                                                                                                                           “Own” or “Inter Company” Accounts -- Peso savings/current
                                                                                                                                                                                                   used to fund an incoming clearing check for that day.
                                                                                                                           Account(s), FCDU savings Account(s), as well as outstanding
                                                                                                                           balances thereof or such other information that the CIB facility      4. BILLS PAYMENT
                                                                                                                           may provide regarding other enrolled Accounts, such as Time
                                                                                                                                                                                                   To be able to use the bills payment function, the COMPANY is
                                                                                                                           Deposits. The COMPANY will be able to view all enrolled
                                                                                                                                                                                                   required to enroll the subscriber number/s per Merchant. Only
                                                                                                                           classified as Own Account/s as well as Inter-company Account/s
                                                                                                                                                                                                   enrolled subscriber number/s shall be allowed to be used for
                                                                                                                           as specified in the CIB Enrollment Application Form or CIB
                                                                                                                                                                                                   bills payment function.
                                                                                                                           Enrollment Update Form, as the case may be, submitted to the
                                                                                                                           BANK. Access to this function shall be limited to the User Group        The COMPANY can only use an enrolled “Own” or “ “Inter-
                                                                                                                           as likewise indicated in the CIB Enrollment Application Form or         Company” Peso current or saving Account for the bills payment
                                                                                                                           CIB Enrollment Update Form, as the case may be, submitted to            function. All bills payment transactions made after 11:45 PM
                                                                                                                           the BANK.                                                               (Manila Time) of each banking day shall be processed on the next
                                                                                                                                                                                                   banking day. The COMPANY can make bills payment transactions
                                                                                                                           The COMPANY, through the User/s, may use the CIB facility to            up to the available cleared balance of the Source Account.
                                                                                                                           make inquiries into transactions involving enrolled Account(s)
                                                                                                                           which the COMPANY may view on-line. Access to this function
                                                                                                                                                                                                   The COMPANY agrees and understands that all transactions, i.e.
                                                                                                                           shall be limited to the User Group as indicated in the CIB
                                                                                                                                                                                                   immediate, scheduled or future-dated, will push through only if
                                                                                                                           Enrollment Application Form or CIB Enrollment Update Form, as
                                                                                                                                                                                                   there is sufficient cleared and available balance in their Source
                                                                                                                           the case may be, submitted to the BANK.
                                                                                                                                                                                                   Account to cover the full amount of the transaction at the time
                                                                                                                                                                                                   of the actual processing of the bills payment transactions.
                                                                                                                           The COMPANY understands and agrees that account balances
                                                                                                                                                                                                   Otherwise, the CIB system will reject the request for bills
                                                                                                                           and transaction inquiry is not available for enrolled Accounts
                                                                                                                                                                                                   payment and new payment should be initiated.
                                                                                                                           classified as Third Party Accounts.
                                                                                                                                                                                                   The COMPANY understands and agrees that enrolled Accounts
                                                                                                                           The COMPANY hereby agrees that Account balances
                                                                                                                                                                                                   classified as Third Party Accounts cannot be used as “Source
                                                                                                                           viewing/inquiry thru the CIB facility is an alternative channel to
                                                                                                                                                                                                   Accounts” for its Bills Payment Transactions and up to
                                                                                                                           the BDO CASA System for knowing the current, available, and/or
                                                                                                                                                                                                   available/cleared balance only.
                                                                                                                           clearing balances in the Account. In the event that there is/are
                                                                                                                                                                                                   .
                                                                                                                           discrepancy/ies between the Account balances viewed thru and
                                                                                                                           displayed by the CIB facility and that of the Account balances        5. STOP PAYMENT ORDER (SPO)
                                                                                                                           shown by the BDO CASA System, the Account balance records in            The COMPANY may make a stop payment order (SPO) of its
                                                                                                                           the BDO CASA System shall prevail.                                      check/s via CIB. The COMPANY agrees and understands that
                                                                                                                                                                                                   real-time request of SPO for checks will only be between 8am to
                                                                                                                  2. STATEMENT VIEWING/REQUEST                                                     8pm daily and will be immediately implemented by the CIB
                                                                                                                           The COMPANY, through the User/s, may view enrolled “Own”                system for as long as the said checks have not yet been
                                                                                                                           and “Inter-Company” Accounts on-line. Only Statement of Peso            negotiated/sent for clearing. The COMPANY shall specifically
                                                           _____________________________________________________________




                                                                                                                           Current and Savings Account and FCDU Savings Account can be             provide the check number for SPO. The BANK shall not be liable
                                                                                                                           viewed on-line and real time. Only enrolled Accounts classified         for any loss directly or indirectly resulting from the request for
                                                                                                                           as Own Accounts and Inter-Company Accounts, as specified in             SPO and the implementation of said request. Furthermore, the
                                                                                                                           the indicated in the CIB Enrollment Application Form or CIB             COMPANY agrees that the fees for SPO shall be automatically
                                                                                                                           Enrollment Update Form, as the case may be, submitted to the            debited from its Account against which the relevant check was
                                                                                                                           BANK, can be viewed on-line.                                            drawn or issued.
                                                                                                                           The COMPANY understands and agrees that statement
                                                                                                                                                                                                   Debiting of the SPO fees will be done real time and only against
                                                                                                                           viewing/request is not available for enrolled Accounts classified
Please indicate your initial/s here for control purposes




                                                                                                                                                                                                   available/cleared balance of the Account.
                                                                                                                           as Third Party Accounts.
                                                                                                                  3. FUND TRANSFER
                                                                                                                           The COMPANY, through the User/s, may transfer funds
                                                                                                                                                                                                 6. CHECK BOOK REORDER
                                                                                                                           immediately, on schedule or on a future date specified by the
                                                                                                                           User/s.                                                                 The COMPANY may place checkbook reorder via the CIB. The
                                                                                                                                                                                                   COMPANY agrees and understands that only enrolled “Own” or “
                                                                                                                           The COMPANY can make Fund Transfer transactions up to the               “Inter-Company” regular checks can be reordered on-line.
                                                                                                                           available/cleared balance of the Source Account. The COMPANY            Reorder of customized Checks, i.e. with corporate logo or
                                                                                                                           shall at all times maintain the BDO required maintaining balance        special background, shall not be allowed on-line. Fees for the
                                                                                                                           in the Source Account when doing fund transfer transaction,             checkbooks requested would be automatically debited from the
                                                                                                                           otherwise, BDO prescribed penalties for falling below the               same checking account.
                                                                                                                           required ADB shall apply, and may be deducted from the
                                                                                                                           COMPANY’s Own Account or other accounts with BDO in                     Debiting of the checkbooks fees will be done real time and only
                                                                                                                           accordance with Section 9 of this Agreement.                            against the available/cleared balance of the checking Account.
                                                                                                                           Current-dated fund transfer shall be subject to the availability        The COMPANY agrees to at all times maintain cleared/available
                                                                                                                           of cleared balance in the Account on that date, while scheduled         and sufficient balances in the checking Account to fully
                                                                                                                           or future-dated fund transfers shall be subject to the availability     discharge the relevant fees and charges, without prejudice to
                                                                                                                           of cleared balance in the Account at the specified future date          the BANK’s right to collect undebited fees and charges together
                                                           ___




                                                                                                                           on which the transfer is to be actually made                            with stipulated penalties and interests including the right to set-
                                                                                                                                                                                                   off the amount/s due against other accounts or funds of the
                                                                                                                                                                                                   COMPANY with the BANK, in case there is no cleared/available




                                                                                                                  BDO TBG-FCIB-01070103 OCT2009VERSION                                               BDO Corporate Internet Banking Terms & Conditions
                                                                                                                           balance or insufficiency of cleared/available balance in the           be used as Source Accounts for payroll transactions and up to
                                                                                                                           checking Account.                                                      available/cleared balance only.

                                                                                                                                                                                                  The COMPANY hereby represents and warrants to the BANK that
                                                                                                                  7. USD WIRE TRANSFER                                                            its payroll employees have agreed to BDO’s right to debit their
                                                                                                                           The COMPANY may make a request for USD wire transfer via CIB.          respective payroll accounts/cash card accounts to correct or
                                                                                                                           The COMPANY agrees and understands that the BANK is not                reverse any erroneous credit made thereto without the need of
                                                                                                                           responsible or liable for the veracity, completeness and               notice to or consent of the affected employees.
                                                                                                                           authenticity of information provided for in the on-line request
                                                                                                                           for wire transfer of funds made by its Users. The COMPANY also       10. Fund Manager (FM) SOA
                                                                                                                           agrees and understands that the BANK is not liable for the delay       The COMPANY may download their Bank Statement of Account
                                                                                                                           in the transfer of funds to the COMPANY’s beneficiary arising          (SOA) in .PDF format; CSV format and .TXT format. COMPANY
                                                                                                                           from the wrong details encoded in the online request form as           may only download details of SOA from the time the said
                                                                                                                           filled-out by its User. Fees for the wire transfer and the             Account was enrolled in CIB. Available data for download will
                                                                                                                           principal amount thereof would be automatically debited from           be limited only to the past three (3) months.
                                                                                                                           the Source Account real time and only against available/cleared
                                                                                                                           balance of the Source Account. Furthermore, only enrolled
                                                                                                                                                                                                11. Corporate Collection System (CCS) Report Module
                                                                                                                           Accounts classified as “Own” or “ “Inter-Company” Accounts can
                                                                                                                           be used as Source Accounts for Wire Transfers and up to
                                                                                                                                                                                                  The COMPANY availing of Corporate Collection Facility may avail
                                                                                                                           available/cleared balance only.
                                                                                                                                                                                                  of the Online Corporate Collection System Report Module in CIB
                                                                                                                                                                                                  to view their intra-day transaction.       Available data for
                                                                                                                           The COMPANY agrees to at all times maintain cleared/available
                                                                                                                                                                                                  downloading is only limited to transaction done within the
                                                                                                                           and sufficient balances in the Source Account to successfully
                                                                                                                                                                                                  transaction date i.e. transaction done on a Saturday can be
                                                                                                                           implement its USD wire transfer instruction and settle in full the
                                                                                                                                                                                                  viewed only on Saturday (same day) and data will no longer be
                                                                                                                           relevant fees and charges, without prejudice to the BANK’s right
                                                                                                                                                                                                  available on succeeding day.
                                                                                                                           to collect undebited fees and charges together with stipulated
                                                                                                                           penalties and interests including the right to set-off the
                                                                                                                                                                                                  It is agreed that the COMPANY can avail itself of the CCS Report
                                                                                                                           amount/s due against other accounts or funds of the COMPANY
                                                                                                                                                                                                  Module in the CIB only if it has an existing Corporate Collection
                                                                                                                           with the BANK, in case there is no cleared/available balance or
                                                                                                                                                                                                  Arrangement with the BANK.
                                                                                                                           insufficiency of cleared/available balance in the Source
                                                                                                                           Account.
                                                                                                                                                                                                12. Postdated Check warehousing Facility (PDCW)
                                                                                                                           The BANK shall have no liability whatsoever in case of
                                                                                                                           failed/unsuccessful USD wire transfer due to insufficient
                                                                                                                                                                                                  It is agreed that the COMPANY can avail itself of the Postdated
                                                                                                                           cleared/available balance in the Source Account.
                                                                                                                                                                                                  Checkwarehousing Module in the CIB only if it has an existing
                                                                                                                   8. BIR e-PAYMENT /Generic e-PAYMENT                                            PDC Warehousing facility with the BANK.
                                                                                                                           The COMPANY may pay its BIR taxes via CIB. The COMPANY                 Postdated Check Warehousing Module enables the COMPANY to
                                                                                                                           agrees and understands that the BANK will only process the file        view status of their PDC with the Bank.
                                                                                                                           as downloaded by its Users from the BIR eFPS Website and is not
                                                                                                                           liable for the veracity, completeness or authenticity of the         Other Functionalities
                                                                                                                           contents of the file. Once the transaction has been approved by
                                                                                                                           the Approver, the BANK will automatically debit the amount             The BANK will make available to the COMPANY other CIB
                                                                                                                           contained as indicated by its Users in the request for payment.        functionalities which may be developed for and included in the
                                                                                                                                                                                                  CIB facility. Availment of and use by the COMPANY of new CIB
                                                                                                                           The BANK shall not be liable for any penalties, interests or           functionalities shall likewise be subject to the Terms &
                                                                                                                           charges imposed by the BIR and incurred by the COMPANY                 Conditions. The COMPANY should sign a separate agreement
                                                                                                                           resulting from non-payment of its taxes due failure of the             with the BANK before these services/functionalities can be
                                                                                                                           Authorized User to initiate payment for the warehoused                 availed through the CIB.
                                                                                                                           transaction (for companies with No workflow matrix) or failure
                                                                                                                           of the Authorized User to approvethe transaction sent for
                                                                                                                           approval (for companies with Workflow matrix) or rejected
                                                           _____________________________________________________________




                                                                                                                           transaction due to insufficient funds in the Account or error
                                                                                                                           encountered by the Authorized User in accessing the BIR eFPS
                                                                                                                           Website.

                                                                                                                           COMPANY may pay Business Entities (Merchants) with e-Payment
                                                                                                                           Arrangement (Generic e-Payment Facility) with the Bank,
                                                                                                                           provided the COMPANY is enrolled with the said merchant/s
                                                                                                                           The COMPANY understands and agrees that only enrolled
                                                                                                                           Accounts classified as “Own” or “ “Inter-Company” Accounts can
Please indicate your initial/s here for control purposes




                                                                                                                           be used as Source Accounts for all e-Payment transactions and
                                                                                                                           up to available/cleared balance only.

                                                                                                                           For BIR e-Payment and Generic e-Payment, debiting of the
                                                                                                                           transaction amount will be done in real time.               Only
                                                                                                                           available/cleared balance in the Source Account can be used for
                                                                                                                           the e-Payment transaction. The COMPANY agrees to at all times
                                                                                                                           maintain cleared/available and sufficient balances in the Source
                                                                                                                           Account to successfully implement the e-Payment transaction
                                                                                                                           and settle in full any relevant fees and charges, without
                                                                                                                           prejudice to the BANK’s right to collect undebited fees and
                                                                                                                           charges together with stipulated penalties and interests
                                                                                                                           including the right to set-off the amount/s due against other
                                                                                                                           accounts or funds of the COMPANY with the BANK, in case there
                                                                                                                           is no cleared/available balance or insufficiency of
                                                                                                                           cleared/available balance in the Source Account.
                                                                                                                           The BANK shall have no liability whatsoever in case of
                                                                                                                           failed/unsuccessful e-Payment transaction due to insufficient
                                                           ___




                                                                                                                           cleared/available balance in the Source Account.


                                                                                                                  9. Payroll
                                                                                                                           The COMPANY may upload its payroll file for crediting to its
                                                                                                                           employees account/cash card maintained with the Bank. The
                                                                                                                           COMPANY should sign a separate payroll agreement with the
                                                                                                                           BANK before this service can be availed through the CIB.

                                                                                                                           The COMPANY understands and agrees that only enrolled
                                                                                                                           Accounts classified as “Own” or “ “Inter-Company” Accounts can



                                                                                                                  BDO TBG-FCIB-01070103 OCT2009VERSION                                              BDO Corporate Internet Banking Terms & Conditions

								
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