FOREIGN CURRENCY TRANSACTION Sample Clauses

A Foreign Currency Transaction clause governs how transactions involving currencies other than the contract's primary currency are handled. It typically specifies the applicable exchange rate, the timing for currency conversion, and which party bears the risk of currency fluctuations. For example, if a payment is made in euros under a contract denominated in US dollars, this clause would detail how the conversion is calculated and when. The core function of this clause is to provide clarity and allocate risk related to currency value changes, ensuring both parties understand their obligations and exposure in cross-border transactions.
FOREIGN CURRENCY TRANSACTION. If You provide Instructions to conduct a Transaction that is denominated in a currency other than the currency of Your Account, and We accept the Instructions or Transaction, a conversion of currency is required. When a conversion of currency is made We may act as principal with You in converting the currency at rates established or determined by Us, affiliated parties, or through parties with whom We contract for foreign exchange services. In addition to applicable service charges, We and Our affiliates and contractors may earn revenue, commissions, or fees on currency conversions. You agree that such revenue, commissions or fees may be included in and charged as part of the exchange rate charged to You. The cost of currency conversion may not be known to You or precisely determinable in advance or until the amount of the Transaction is charged to Your Account. If currency conversions on this basis are not acceptable to You, You agree that You will not transact in foreign currency on Your Account, including withdrawing foreign currency from ATMs, POS Transactions in foreign currency, by use of Direct Services or Mobile Payment Services for Small Business or delivering any Instrument or processing any Transaction to Us for deposit in a currency other than the currency of Your Account. We agree to convert currency at commercially reasonable rates, including revenue, commissions, and fees charged in respect of the conversion. a) convert the funds for provisional credit to the currency of the Account using a commercially reasonable rate of exchange available from Third Parties to purchase the currency of the Account using the currency of the Instrument accepted for deposit, or to purchase a currency for which We have a sell rate and then to convert that amount to the currency of the Account at Our sell rate for that currency; and b) for such Transactions, charge You a conversion fee, up to a maximum of 5% of the value of the Transaction, in addition to any other service charges You must pay. You also agree that if any Instrument or Transaction in a currency other than the currency of Your Account is accepted for deposit, such deposit is provisional and subject to reversal. If any such Transaction must be reversed, the process outlined above for conversion of Your deposits, will apply to conversions undertaken for return of funds, and that You may be charged additional fees, commissions and service charges, as part of that conversion. The amount charged to You...
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FOREIGN CURRENCY TRANSACTION. If the Debit Card is used in connection with a transaction in foreign currency, I understand that the rate of conversion into Canadian currency will be fixed according to the rules of the electronic network through which the transaction is conducted. A paper Transaction Record dispensed mechanically as a result of the use of the Debit Card constitutes a record of my instructions. Whether such a Transaction Record is issued or not, it is my responsibility to verify that the transaction has been properly executed by checking the periodic statement or passbook entries itemizing transactions. In the absence of evidence to the contrary, the records of my Credit Union are conclusive for all purposes, including litigation, in respect of any instructions given by me to my Credit Union through the use of the Debit Card; the contents of any envelope deposited by me into an automated teller machine; the making of a withdrawal, deposit or transfer through the use of the Debit Card; and any other matter or thing relating to the state of accounts between me and my Credit Union in respect of any electronic transaction. This agreement replaces any prior agreement governing the use of the Debit Card and the PIN, but does not replace or supersede any agreement or provision of any agreement relating to any loan, credit facility or the operation of any Account. This agreement applies to any Account specified herein and, as well, to any other account designated by me from time to time for use in connection with the Debit Card.
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FOREIGN CURRENCY TRANSACTION. In every instance that Credit is granted or is to be granted to the Customer in any foreign currency (hereinafter referred to as a “Foreign Currency Transaction”), we hereby undertake to pay the Bank or to its order in that same foreign currency all the sums which are due and which shall become due from the Customer with respect to the Foreign Currency Transaction, including principal, interest, if any, and also any commissions and expenses deriving from the linkage of the principal and the interest, or any one of them to the Exchange Rate. In the event that the Bank shall be compelled to take legal action against us on the basis of this Guarantee in order to recover sums in respect of a Foreign Currency Transaction and court and q or the execution office shall order us to pay any sums in respect of the Foreign Exchange Transaction, in Israeli currency or in consideration of Israeli currency, we hereby undertake to pay the Bank the amount, in New Israeli Shekel, or the proceeds thereof, which shall be sufficient for the conversion into foreign currency of the said amount in accordance with the Exchange Rate as defined in Clause 1(j) above, prevailing on the date of actual payment.
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FOREIGN CURRENCY TRANSACTION. 倘若客戶指示恆聖中國在交易所或其他市場訂立交易，而該交易以外幣進行，則： In case that the Client instructs HANG SING CHINA to conclude any transaction in stock exchanges or other markets and such transaction shall be carried out in foreign currency, then:
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FOREIGN CURRENCY TRANSACTION. 13.1 In case that the client instructs FUTU SECURITIES to conclude any transaction in stock exchanges or other markets and such transaction shall be carried out in foreign currency, then: 13.1.1 All the losses, benefits, and risks as a result of exchange rate volatility shall be undertaken by the client; 13.1.2 FUTU SECURITIES has the absolute discretion to require the client to credit the payment in the currency required by FUTU SECURITIES as margin to the first or subsequent transactions into the account; and 13.1.3 When the related contracts are liquidated and the account is squared, FUTU SECURITIES shall, based on the currency designated in the account and the currency market at the time, decide on and conclude the exchange rate of the related currency, and ▇▇▇▇ as outstanding or received in the account. 13.2 When FUTU SECURITIES exercises any right set forth in this Agreement, including but not limited to combining or synthesizing accounts or transferring client’s payment, and such combination, synthesis, transfer, or any other exercises of rights are in relation with the exchange of currencies, the exchange rate shall be calculated on the basis of the spot exchange rate in the related foreign exchange market decided by FUTU SECURITIES at the day of combination, synthesis, transfer, or any other exercises of rights (the exchange rate shall be decided finally by FUTU SECURITIES). 13.3 When the client issues the order to deal with the securities denominated in RMB, the client shall confirm and agree that: 13.3.1 RMB is subject to foreign exchange control and nonconvertible and hereby the transactions of securities denominated in RMB may be subject to material risks of foreign exchange; 13.3.2 Except otherwise stated by FUTU SECURITIES, the transactions of securities denominated in RMB shall be settled in RMB; and 13.3.3 If FUTU SECURITIES engages in transaction settlement for the client and needs to deal with RMB in the market, except otherwise stated by FUTU SECURITIES, the exchange rate shall be based on the prevailing market rates or the quotations offered by licensed banks in Hong Kong.
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FOREIGN CURRENCY TRANSACTION. The Cardholder must pay any transactions denominated in a foreign currency in United States Dollars (USD). The Bank will apply a currency conversion fee. The conversion rate used is a wholesale market rate selected by Visa International from a range of wholesale rates one day before the Transaction is processed by Visa International.
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FOREIGN CURRENCY TRANSACTION. If you use your card to conduct a transaction in a foreign currency, we will charge or credit your Account for the U.S. Dollar equivalent of the transaction as transmitted to us. The transaction amount will be converted to U.S. Dollars by the bank or network through which the transaction is processed using an exchange rate that the processor shall determine. The date of conversion may differ from the purchase date and the posting date identified in the periodic statement for your designated Account. You agree to pay charges and accept credits for the converted transaction amounts. A fee may be charged for a foreign currency conversion by the bank or network through which the transaction is processed, and you agree to pay such fees. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Mastercard® from the range of rates available in wholesale currency markets for the applicable central processing date. This rate may vary from the rate Mastercard® itself receives, or the government-mandated rate in effect for the applicable central processing date.
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FOREIGN CURRENCY TRANSACTION. 12.1 倘若客戶指示藍山證券在交易所或其他市場訂立交易，而該交易以外幣進行，則： 12.1 In case that the client instructs BLUEMOUNT SECURITIES to conclude any transaction in stock exchanges or other markets and such transaction shall be carried out in foreign currency, then:
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Related to FOREIGN CURRENCY TRANSACTION

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Foreign Currency The term “

  • Foreign Currency Exchange Unless the Depositor shall otherwise direct, whenever funds are received by the Trustee in foreign currency, upon the receipt thereof or, if such funds are to be received in respect of a sale of Securities, concurrently with the contract of the sale for the Security (in the latter case the foreign exchange contract to have a settlement date coincident with the relevant contract of sale for the Security), the Trustee shall enter into a foreign exchange contract for the conversion of such funds to U.S. dollars pursuant to the instruction of the Depositor. The Trustee shall have no liability for any loss or depreciation resulting from action taken pursuant to such instruction." BB. Article IV of the Standard Terms and Conditions of Trust is hereby replaced with the following:

  • Currency Translation The Administrative Agent shall determine the US Dollar Equivalent of any Borrowing denominated in a currency other than US Dollars as of the date of the commencement of the initial Interest Period therefor and as of the date of the commencement of each subsequent Interest Period therefor, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which the applicable Interest Period shall commence, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall determine the US Dollar Equivalent of any Letter of Credit denominated in a currency other than US Dollars as of the date such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of each subsequent calendar quarter, in each case using the Exchange Rate for such currency in relation to US Dollars in effect on the date that is three Business Days prior to the date on which such Letter of Credit is issued, amended to increase its face amount, extended or renewed and as of the last Business Day of such subsequent calendar quarter, as the case may be, and each such amount shall, except as provided in the last two sentences of this Section, be the US Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this sentence. The Administrative Agent shall notify the Company and the Lenders of each calculation of the US Dollar Equivalent of each Borrowing or Letter of Credit. Notwithstanding the foregoing, for purposes of any determination under Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be translated into US Dollars at currency exchange rates in effect on the date of such determination. For purposes of Section 6.08 and 6.09, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency exchange rates used in preparing the Company’s annual and quarterly financial statements.

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and Mastercard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. Mastercard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. Mastercard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert: