Common use of Accounts in Foreign Currencies Clause in Contracts

Accounts in Foreign Currencies. Subject to any laws and Government exchange regulations: a) The Bank may in its sole discretion and at the Customer's own risk, open and operate the Account in a foreign currency; b) At the request of the Customer, the Bank may. debit or credit the Account with a currency other than the designated currency of the Account and may convert such amounts debited or credited (unless otherwise agreed) at the Bank's prevailing rates; c) Any demand on the Bank for payment from a foreign currency Account shall be properly met by the Bank at its option either issuing a draft, making payment in cash, effecting a transfer or making payment in any other manner in foreign currency at the discretion of the Bank.

Accounts in Foreign Currencies. Subject to any laws and Government exchange regulations: (a) The Bank may in its sole discretion and at the Customer's own risk, open and operate the Account in a foreign currency; (b) At the request of the Customer, the Bank may. debit or credit the Account with a currency other than the designated currency of the Account and may convert such amounts debited or credited (unless otherwise agreed) at the Bank's prevailing rates; (c) Any demand on the Bank for payment from a foreign currency Account shall be properly met by the Bank at its option either issuing a draft, making payment in cash, effecting a transfer or making payment in any other manner in foreign currency at the discretion of the Bank.

Accounts in Foreign Currencies. Subject to any laws and Government exchange regulations: a) The Bank may in its sole discretion and at the Customer's own risk, open and operate the Account in a foreign currency; b) At the request of the Customer, the Bank may. may debit or credit the Account with a currency other than the designated currency of the Account and may convert such amounts debited or credited (unless otherwise agreed) at the Bank's prevailing rates; c) Any demand on the Bank for payment from a foreign currency Account shall be properly met by the Bank at its option either issuing a draft, making payment in cash, effecting a transfer or making payment in any other manner in foreign currency at the discretion of the Bank.