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Sme Adb Annex v2
Sme Adb Annex v2
Consent for Inclusion and use of other CASA Accounts for ADB Compliance
Consent for
Company Inclusion and use of other CASA Accounts for ADB Compliance
Information Date JANUARY 20, 2021
I/We understand that under the provisions of the Agreement, we have designated certain deposit account/s with BDO (“Account/s”), wherein we are required to
maintain a specified minimum monthly average daily balance (“ADB”).
In this regard, as additional Accounts for purposes of determining ‘Company’s compliance with the required ADB under the Agreement. I/we hereby signify our
consent to the inclusion and use of my/our following described BDO deposit accounts:
We understand that under the provisions of the Agreement, we have designated certain deposit account/s with BDO (“Account/s”), wherein we are required to
maintain a specified minimum monthly average daily balance (“ADB”).
In this regard, as additional Accounts for purposes of determining ‘Company’s’ compliance with the required ADB under the Agreement. We hereby signify our consent
to the inclusion and use our following described BDO deposit accounts:
We hereby represent that all corporate or other actions required to authorize the inclusion and use of our abovementioned BDO accounts as additional ‘Accounts’ have
been duly taken; that said additional Accounts are not under hold-out or any kind of restriction, and that in case the same shall hereafter become under hold-out or any
kind of restriction, we shall immediately notify BDO in writing upon our learning thereof.
We understand that this letter-request is subject to BDO’s approval, and that in case of approval, the implementation hereof shall become subject to the terms and
conditions of the Agreement and BDO’s existing ADB Compliance Policies.
We understand that under the provisions of the Agreement, we have designated certain deposit account/s with BDO (“Account/s”), wherein we are required to
maintain a specified minimum monthly average daily balance (“ADB”).
In this regard, as additional Accounts for purposes of determining ‘Company’s’ compliance with the required ADB under the Agreement. We hereby signify our consent
to the inclusion and use our following described BDO deposit accounts:
We represent that we are a company related to Client as a ______________________ (pls. state whether subsidiary, affiliate, parent company, etc.) of the latter, that all
corporate or other actions required to authorize the execution and delivery of this letter of consent and waiver have been duly taken; and that certain economic
benefit inures to us arising from the inclusion and use of our abovementioned accounts as additional Accounts.
We hereby waive the provisions of R.A. 1405, as amended (Secrecy of Bank Deposits Law), pertaining to confidentiality of bank deposits, including my/our above
mentioned deposit accounts. Further, I/We understand that the inclusion and use of the additional ‘Account/s’ as set forth above is subject to the terms and conditions
of this agreement
This consent and waiver shall take effect on the date hereof, and shall continue to be effective, valid and binding upon us, unless and until withdrawn or cancelled by us
by written notice received by BDO at least five (5) banking days prior to the intended date of withdrawal or termination.