Common use of Foreign Currency Exchange Rates Clause in Contracts

Foreign Currency Exchange Rates. If AM UK or any of its Affiliates enters into a Transaction that is effected in a currency other than the currency provided by Customer to AM UK, then any loss arising from a fluctuation in the exchange rate affecting the foreign currency will be at Customer`s risk. Upon liquidation of such transaction, AM UK, in its discretion, may debit or credit Customer`s account, in such foreign currency or other currency at the rate then prevailing at the time of the liquidation as AM UK shall reasonably select.