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Special purpose time deposits

A special purpose time deposit denotes savings contracted for special purposes, which may be agreed in local or foreign currencies.

Intesa Sanpaolo Bank offers a special type of savings that can serve as collateral for approval of a loan.

The term to which a time deposit is contracted may not be shorter than the term of duration of the loan insured by that deposit.

Special purpose time deposit funds may be used only if there are no outstanding loan debts, in relation to the loan the repayment of which is ensured by that deposit.

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