We are writing to inform you that there has been an update to the Terms and Conditions and Deposit Account Agreement relevant to our financial operations.
Effective immediately, you are no longer required to sign the Deposit Account Agreement. This memorandum serves as formal notice of this update and replaces the need for a signed agreement.
Please ensure this information is shared with your administrative and finance teams as appropriate. If you have any questions or require further clarification, feel free to contact me.
Thank you for your attention to this matter and for your continued cooperation.