07 July 2021

Corporate Banking General Terms and Conditions for the Operation of Accounts in the Kingdom of Bahrain

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Summary of Changes

We have updated the Corporate Banking General Terms and Conditions for the Operation of Accounts in the Kingdom of Bahrain.

A summary of the main changes to the Corporate Banking General Terms and Conditions for the Operation of Accounts in the Kingdom of Bahrain are below and will be effective from 1 September 2021:

 

Old text

New Text

6.2 Interest shall accrue on a daily basis and is calculated on the basis of a 365 day year (a 366 day year in the case of a leap year).

The remaining clauses are re-numbered 6.2 and 6.3 accordingly.

[deleted]

NOTE:  Please refer to the following page for details on our latest interest rates and how they are calculated:


https://www.business.hsbc.com.bh/en-gb

7.15 Interest will be charged on any negative balance on any Account (calculated and deducted in accordance with clauses 6.3 and 6.4 respectively) at the following rates:

7.15 Interest will be charged on any negative balance on any Account (calculated and deducted in accordance with clause 6.2) at the following rates:

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