Rules - General Credit Regulations

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Single Operation: a single and non-recurrent operation.

The single operations such as overdraft, draws on values, negotiation of cheques in a foreign currency, credit cards, mortgage loans and dealing-room transactions shall be decided according the powers awarded for these particular products in the attached tables and independent from the current liabilities involving other products.

The single operations are approved for a period of 60 days, except if otherwise is determined in the authorisation. In the case of operations involving mortgages the respective authorization shall present a maximum validity of 120 days, with exception made in mortgage loans where the maximum validity shall be of 180 days.

The single operations may be approved under Credit Lines and Credit Limits already available for:

• Products of equal Commercial Risk.
• Products of the same Financial Group Risk.
• Financial Risk products (following the decreasing order of the group risk)
• Financial Credit for engaging in Commercial Risk operations.

Whenever using Credit Lines established by a contractual arrangement, the Client must waive the use of the same by the exact amounts therein established in writing by means of a document made available by the Bank's Legal Department

Medium or Long-term operations

Medium and long-term operations defined as financial credit and with a term superior to one year are, exclusively, single operations. Its analysis and decision-making are determined by the global amount due plus the term established for the operation in accordance with the powers table defined for each segment.

This kind of operations may also be assessed by the automatic decision-models Triad and Acceptance Scoring (ex. consumer credit and mortgage loans).

Exception made to the operations analysed by BCP Investimento, S.A., all medium and long-term operations that have been analysed by an associated company but will be contracted with the Bank shall be sent for decision directly to the competent decision-making Level with no intervention of the other decision-making Levels.