New application available in mBank CompanyNet!

Dear Customer,
The new applications will be available to users who have access to Forms (electronic documents).

The change is introduced on the basis of § 7 par. 11-17 "Regulations for opening, maintaining and closing an Integrated Bank Account at mBank S.A." / § 7 par. 10-16 of the Regulations "mBank CompanyNet Online Customer Service System mBank S.A.".

The Customer may revoke the users' right to access the new applications pursuant to the above Regulations.

The list of all applications is available at https://www.mbank.pl/pdf/msp-korporacje/mbank-companynet/lista-wnioskow-en.pdf

Kind regards
mBank S.A.

Why did we made the amendments?
We adjusted the presentation of costs for financial market transactions in accordance with the expectations of ESMA and the requirements arising from Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive.

What amendments did we make?
We added average estimated costs for individual transactions.

When will the amendments become effective?
The amendments will be valid from 1 May 2021.

Where can I find the amended document?
The new version of the document "Information on mark-up" is available here.

Dear Clients,

The changed Rules of Providing and Handling Trade Finance Products in the mBank CompanyNet Internet Customer Service System of mBank S.A. will enter into force on 30 April 2021.


The most important changes:
- We have changed the title of the Rules so that it matches the name of the module in the system,
- We have introduced rules of handling guarantee orders which we are requested to verify,
- We have changed the names of forms for letters of credit and documentary collection,
- We have made editorial changes and simplified the language of the Rules,
- We have published the version of the Rules effective as of 30 April 2021 on https://www.mbank.pl/pomoc/dokumenty/msp-korporacje/finsowanie-handlu/zagraniczne-transakcje-handlowe/

The changes have been made in line with Chapter 7 of the applicable Rules. Their approval does not require any further action on your part. If you wish to reject the changed Rules, you need to submit a written statement as per Chapter 7 of the Rules within the time limits specified therein.

Regards,
mBank Team

Dear Sirs,

On 5 March 2021, the UK Financial Conduct Authority (FCA) announced the dates for the cessation of LIBOR benchmarks. This information is particularly important for the clients who use or intend to use LIBOR-based products.

FCA's announcement arises from the application of the BMR, i.e. Regulation (EU) 2016/1011 of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014.

For more information, click here.
For more information on benchmarks, click: https://www.mbank.pl/pomoc/akty-prawne/wskazniki/


Regards,
mBank Team

Dear Sirs,

please be informed that according to the schedule, settlements in EUR executed using euro zone settlement systems will not be made on 2 April 2021 (Good Friday).

Transactions in EUR with the value date falling on 2 April 2021 will be postponed to the next business day, i.e. 6 April 2021.

Regards,
mBank Team