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IIIV��Y1klllll The Customer acknowledges that it is not a "consumer" for the purpose of the European Union's Electronic Commerce Directive ( "ECD ") (i.e., that it is not an individual) and agrees that the Bank shall not be required to make any disclosures or do any other thing that anon - consumer may agree not to require under the U.K. rules and legislation implementing the ECD. For further information on the Bank, please see "Notice regarding EU e- commerce information" in the Terms 8. Conditions on htto: / /www.iomoraan.com. �. The Bank will collect information about the Customer and the Customer's employees and agents (such as, without limitation, authorized signatory details) that may constitute personal data for the purposes of the Data Protection Act 1998 (the "Act ") and other relevant data protection legislation. Such personal data may be collected by or on behalf of the Bank in a number of ways (the "Collection Methods'), including via documentation relating to the provision to or use by the Customer of electronic banking services, or via the Customer's use of such electronic banking services, and via other correspondence or communications between the Customer and the Bank. 2. The Bank will use personal data collected by it or on ks behalf via the Collection Methods for the following purposes (the "Purposes "), namely for the purpose of providing the services to the Customer in accordance with these Terms and the Product Terms, for the Bank's internal administrative purposes, for contacting the Customer about products and services that the Bank or other members of the Bank's group offer, which the Bank believes may be of interest to the Customer, and as may be otherwise required by law or applicable regulatory or governmental authorities, and such purposes may include transfer of such personal data outside of the European Economic Area to the Bank's subsidiaries or other connected companies or to other organizations as may be required by law or other applicable regulatory or governmental authorities. 3. The Customer shall ensure that any disclosure of personal data made by it or by its employees or agents via the Collection Methods that relate to the Customer's employees or agents is only made following notification by the Customer to data subjects of the Purposes for which their personal data may be processed by or on behalf of the Bank, and is otherwise fair and lawful. A. Multicurrency Deposits 8� Collections Multicurrency Deposit &Check Collection Services enable the Customer to accept checks drawn in a wide variety of currencies from its own deposit customers, sending them to a single location and receiving ledger credit or final payment to the Customer's USD account at the Bank in acost- efficient manner, eliminating the need for the Customer to hold correspondent accounts with a multitude of banks in a multitude of locations. The Bank can handle a number of currencies on a deposit basis (see appendix A below) and other currencies will be accepted but will be processed on a Collection basis directly with the paying banks. Checks Processed on a Multicurrency Cash Letter Basis: (a) Deposits will be posted with ledger credit (uncollected funds) on the processing date with forward value applied according to the availability schedule listed below. The Bank's cutoff time for same -day processing is 2:00 p.m. CT. Processing of checks through this service is subject to the Bank's credit risk review. Checks received through this Service that are ineligible for cash letter processing will be handled on a collection basis. Any return items will be debited to Customer's account using the FX rate applied by the paying bank on the date of return. (b) The information reporting on items processed through the Multicurrency Cash Letter services other than Canadian deposits will appear as available on D +3 and will continue to roll for one day until collected and is limited to the country of origin as listed in Appendix A. (c) Canadian deposits will receive availability D +3. (d) The Bank will process checks under the Multicurrency Cash Letter services by following the Bank's own internal policies as to the method of collection. 2. Checks Processed on a Collection Basis: (a) A check will be processed on a collection basis if: requested by the Customer denominated in a nonstandard currency (not one of the listed currencies handled on a cash letter basis) • the check is a "third- country cheque" (denominated in a currency other than the national currency of the country where the drawee bank is located) or PN: 350914 IOC ID: 4 Page 40 oj'SI