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BANK shall ensure that the data pertaining to the BANK Account indicated herein are complete, valid, and accurate and that the Qualified SSS Member enrolling under the Arrangement has been authenticated by the BANK to be its legitimate depositor. SSS shall pre-validate all enrollment forms to be submitted by the BANK. Qualified SSS Members shall be notified in writing by the SSS of the status of their enrollment. 3. EFFECTIVITY. The Qualified SSS Member whose enrollment form is approved by both.

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