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B. IDENTIFICATION OF THE CLIENT, AUTHORISATION AND RIGHT OF DISPOSAL
1. As a condition to any transaction or a cash withdrawal the Bank requests the Client to prove his/hers identity and submit to the Bank in writing specimen signatures of the person, respectively the persons authorized to represent the Client in its dealings with the Bank. The signatures of authorized persons will remain in effect, regardless of any divergent entries in the Commercial Register or other publications, until such time as the Bank receives a written notice from the Client informing the Bank of the withdrawal or cancellation of such authorization. Authorization of the Client is made out by Personal Identification Number, or similar code assigned by the Bank to the Client for realization of business via technical means. The Bank shall verify identity of lawful representative of under-age client without own identity card. Lawful representatives shall submit documents proving their authority to represent under-age child.
2. Any liability resulting from forgery or an undetected identification defect, namely also in connection with the translation of foreign documents, shall be borne by the Client in the absence of gross negligence on the part of the employees of the Bank. Illegible or unsigned orders and other documents shall be returned to the Client at his own expense.
3. The Bank shall refuse execution of business in the case of client’s anonymity preservation.
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Annual Reports
as of December 31, 2002