Common use of Error in FX Exchange Rate Clause in Contracts

Error in FX Exchange Rate. If an FX Conversion is executed at an FX Exchange Rate that clearly and materially deviates from the market price, you must not rely on such obvious error. In such cases, we may declare that the FX Conversion is not binding and you will need to return to us any amounts made under the FX Conversion and we will reprocess such FX Conversion at the correct rate.

Appears in 2 contracts

Sources: Payout and Fx Terms, User Agreement