The Bank opens a package of accounts for the following purposes:
- Special client account for keeping the funds which the Private Enforcement Agents receive for liquidating the assets of debtors whose debts the PEA has been engaged to enforce.
- Interest account for the daily settle of the interestdue by the Bank, accrued on the funds in the special account described above.
- Payment account for fees and charges payable by the creditors of the PEA.
- Payment account for keeping funds received by the PEA in connection with additional activities under Art. 18 of the LPEA
- Standard (current) payment account for payment of any bank’s fees and commissions due by the client, as well as for other incomes and expenses related to its activity