Amendments to SEB bank’s Terms and conditions of Securities account agreement and Terms and conditions of Agreement on financial Instruments transactions

The key changes to the Terms and conditions of Securities account agreement are as follows:

• any such phone calls and communication with the customer, which lead or will lead to the entering into financial instruments transactions, will be recorded and stored for a definite period. The customer will have the right to request the copies thereof;
• procedure under which the customer status may be changed will be specified;
• before giving the order for the transaction in financial instruments, the customer (legal entity) will have the duty to submit a valid legal entity identifier (LEI) to SEB bank. Failing to submit a valid LEI may serve as a basis for SEB bank's decision to refuse to accept the customer’s order, execute it or transfer it for execution;
• procedure under which SEB bank provides information regarding all the costs and expenditure related to investment products and the provided service to the customer will be specified;
• procedure under which SEB bank informs the customer (private individual) about impairment of the original cost of the leveraged financial instrument or contingent liabilities transaction;
• amount of information to be provided by SEB bank to the customer in connection with the provided investment services will be increased and the list of documents will be supplemented accordingly; starting with 3 January 2018, these will be available on SEB bank’s website www.seb.lv/mifid, as well as at SEB bank’s branches and customer service centres. Until that date the amount and contents of the documents posted on SEB bank’s website www.seb.lv/mifid will be consistent with the existing statutory requirements, and it will be amended and/or supplemented on 3 January 2018;
• procedure under which customers can access background information documents on packaged retail private investment products as well as the documents containing background information related to investment funds envisaged for investors will be laid down. The relevant documents will be posted on SEB bank’s website www.seb.lv/kid;
• amount of information related to acceptance of orders and execution of transactions, ensured by SEB bank to the customers having the status of a professional customer or an eligible counterparty will be specified;
• additional risks associated with the holding of securities with third parties will be reflected.

The key changes to the Terms and conditions of Agreement on financial instruments transactions are as follows:

• any such phone calls and communication with the customer, which lead to or will lead to the entering into financial instruments transactions, will be recorded and stored for a definite period. The customer will have the right to request the copies thereof;
• additional explanatory terms will be introduced – Data questionnaire and the customer's email address;
• procedure under which the customer status may be changed will be specified;
• before giving the order for the transaction in financial instruments, the customer (legal entity) will have the duty to submit a valid legal entity identifier (LEI) to SEB bank. Failing to submit a valid LEI may serve as a basis for SEB bank's decision to refuse to accept the customer’s order, execute it or transfer it for execution;
• procedure under which SEB bank provides information regarding all the costs and expenditure related to investment products and the provided service to the customer will be specified;
• procedure under which SEB bank informs the customer (private individual) about impairment of the original cost of the leveraged financial instrument or contingent liabilities transaction;
• amount of information to be provided by SEB bank to the customer in connection with the provided investment services will be increased and the list of documents will be supplemented accordingly; starting with 3 January 2018, these will be available on SEB bank’s website www.seb.lv/mifid, as well as at the SEB bank’s branches and customer service centres. Until that date the amount and contents of the documents posted on SEB bank’s website www.seb.lv/mifid will be consistent with the existing statutory requirements, and it will be amended and/or supplemented on 3 January 2018;
• procedure under which customers can access background information documents on packaged retail private investment products will be laid down. The background information documents will be posted on SEB bank’s website www.seb.lv/kid;
• amount of information related to acceptance of orders and execution of transactions, ensured by SEB bank to the customers having the status of a professional customer or an eligible counterparty will be specified;
• significant revisions will be made in Part III of the Terms and conditions of Interest rate derivatives agreement