Credits to a frozen account
This section has no associated Explanatory Memorandum
5.—(1) Nothing in article 4 prevents a person from crediting a frozen account with—
(a)interest or other earnings due on the account, or
(b)payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account, or
(c)payments due under a judicial, administrative or arbitral lien or judgment.
(2) Nothing in article 4 prevents a relevant institution from crediting a frozen account where it receives funds transferred to the account.