Deposits Account in Precious Metals

Terms and Conditions

Terms of the account (at customer's option)	366 to 1095 days
Addition arrangements	not applicable
Withdrawal arrangements	not applicable
Interest payments	At maturity date: — in the precious metal onto the "Upon Request" Deposit account at the Bank;  — in Russian roubles through the conversion of interest accrued on the deposit into Russian roubles according to the exchange rate of the Central Bank of Russia and the deposit onto the current account of the Client in roubles at the Bank.
Extension arrangements	Applicable for an equivalent term with interest rates, in place at time of extension.
Early closure	In case of early closure the interest is withheld.
Return of the deposit	At maturity date: — through the conversion of the precious metal in the deposit account into Russian roubles according to the exchange rate of the Central Bank of Russia and the deposit onto the current account of the Client in roubles at the Bank;  — through the transfer of the amount of precious metal in the deposit account to another depersonalised metal account of the Client at the Bank.
Sale and purchase of precious metal (conversion)	In order to open (return) the deposit the sale and purchase of precious metal is done according to the rates at the Bank, in place at the time of sale/purchase deal.
Bank rates	The price of sale/purchase of (depersonalised) precious metal is set by the Bank, taking into account the current prices on precious metals set by the Central Bank of Russia, as well as the conditions in the Russian precious metals market. The rate is published on the Bank's website online and/or the Bank's information stands.

* A depersonalised precious metal does not presuppose the conduct of operations in its natural form and does not have individual markers, such as the assay, the manufacturer, the serial number of the bar, the year of manufacture etc. Operations involving precious metals are subject to taxation according to the tax legislation of Russian Federation.