Common use of Conversion into euro Clause in Contracts

Conversion into euro. All prices shall be stated in euro: each daily quotation shall be converted into Euro, using the same- day official exchange rate as determined by the European Central Bank (ECB fixing). In case a quoted day is a bank holiday in Europe, the ECB fixing of the previous day shall be used for that day. Final unit prices shall be rounded to 2 figures.

Appears in 3 contracts

Sources: Framework Agreement, Product Replacement Framework Contract, Framework Agreement for Product Replacement