OREANDA-NEWS. We would like to inform you of the changes in Consumer Banking Terms and Conditions effective as of September 15, 2010 in paragraph 8 and in point 18.10. New edition of revised paragraphs is provided below, reported the press-centre of Citibank:

8. Citibank OnlineTM
Citibank Online is the Citibank Internet banking system which enables the Customer to carry out certain banking transactions and access certain Citibank banking services over the Internet 24 hours a day. Citibank Online is a supplementary service, and Citibank reserves the right to change the set of services provided to the Customer by means of Citibank Online or completely discontinue the service with or without prior notice to the Customer, at any time at its sole discretion.

8.1. The Customer may access Citibank Online services using a computer and/or mobile phone with access to the Internet. To access Citibank Online, the Customer must create a User Name and a Password following the instructions published on Citibank's website at www.citibank.ru. Requirements concerning the equipment and software required for the use of Citibank Online are indicated on the above website.

8.2. The Customer agrees that the input of the User Name and Password created by the Customer when signing on to Citibank Online will constitute valid and sufficient confirmation of the Customer's identity for the purpose of executing his/her transaction instructions in respect of the account and accessing other services made available through the use of Citibank Online.

8.3. The Customer agrees that Citibank will not be responsible for any failure, instability or interruption of Citibank Online service due to any malfunction of the equipment, power supply systems and/or communication lines or networks supplied, provided, operated and/or maintained by third parties. The Customer further agrees that Citibank will not be responsible for any losses incurred by the Customer in relation to his/her use of Citibank Online (including losses caused by wrongful acts or omissions of third parties), unless such losses are directly caused by wrongful acts or omissions of Citibank acting willfully or grossly negligently.

8.4. Due to the fact that the Internet and mobile telecommunications are not absolutely secure communication channels, the Customer confirms that he/she understands and accepts all risks associated with a possible security breach in the transmission of any instructions and information with the use of Internet / mobile telecommunication technologies.

New edition of the paragraph 18.10 is as follows:
18.10. This Agreement will be governed by and construed in accordance with the laws of the Russian Federation without regard to conflict of laws rules. Disputes between the parties will be resolved by a court in accordance with Russian law. Suits for the violation of Citibank's rights will be brought in the Presnensky District Court of Moscow.

Current and new editions of the Consumer Banking Terms and Conditions are available here. Current edition of Consumer Banking Terms and Conditions will be available at www.citibank.ru till September 15th, 2010.