Foreign Exchange Declaration Sample Clauses

Foreign Exchange Declaration. For the foreign exchange transactions made by the Undersigned with the Bank, the Undersigned shall verify by him/her/itself whether or not such transactions are handled according to law. The foreign exchange transactions entered into by the Undersigned shall be reported to the Central Bank of Republic of China (Taiwan) according to the requirements of the competent authority or law. The Undersigned shall properly declare the nature of any transactions and remittances carried out by him/her/it according to relevant requirements specified in the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions. If the Undersigned fails to do so, a certain amount of administrative fine may be imposed on the Undersigned according to the Foreign Exchange Regulation Act.
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Foreign Exchange Declaration. I. The Applicant must fill out the “Declaration Statement of Foreign Exchange Receipts and Disbursements or Transactions” at the counter or in a manner with mutual consent when executing any transaction under this agreement that involves reporting foreign exchange settlement to the Central Bank of the Republic of China (Taiwan). The Applicant authorizes the Bank to debit all the payables from the Applicant’s deposit account or deducted from the remitted funds. The trustee of the Applicant shall present the Applicant’s power of attorney and the ID documents of the Applicant and the trustee to the Bank for inspection, and the declaration shall be processed in the name of the Applicant. The Applicant hereby represents and warrants that the foreign exchange settlements are in compliance with laws and government policies, and that the contents of the declaration are true and correct. The Applicant is willing to assume all the liabilities for any damage and loss of the Bank (including but not limited to the punishment of the competent authority) as a result of any false statement made by the Applicant. II. If the declaration of foreign exchange settlement cannot be completed due to the restrictions stipulated by the law or the relevant foreign exchange settlement limit is used up by the Applicant, the Bank has the right to reject the relevant transaction with the Applicant, who shall be held liable for relevant liabilities or losses. The Bank has the right to reject the relevant transaction upon learning that the Applicant has exceeded the foreign exchange settlement limit; however, if the Bank has completed the foreign exchange transaction for the Applicant before learning about the Applicant’s exceeding the foreign exchange settlement limit of the Central Bank of the Republic of China (Taiwan), the Applicant agrees that the Bank may directly reverse the Applicant’s foreign exchange settled amount exceeding the limit of the Central Bank in a manner that the Bank deems appropriate.
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Related to Foreign Exchange Declaration

  • Foreign Exchange Transactions To facilitate the administration of Customer's trading and investment activity, Bank may, but shall not be obliged to, enter into spot or forward foreign exchange contracts with Customer, or an Authorized Person, and may also provide foreign exchange contracts and facilities through its Affiliates or Subcustodians. Instructions, including standing instructions, may be issued with respect to such contracts, but Bank may establish rules or limitations concerning any foreign exchange facility made available. In all cases where Bank, its Affiliates or Subcustodians enter into a master foreign exchange contract that covers foreign exchange transactions for the Accounts, the terms and conditions of that foreign exchange contract and, to the extent not inconsistent, this Agreement, shall apply to such transactions.

  • Foreign Exchange (a) Upon the receipt of Proper Instructions, the Custodian, its agents or its sub-custodian may (but shall not be obligated to) enter into all types of contracts for foreign exchange on behalf of the Company, upon terms acceptable to the Custodian and the Company (in each case at the Company’s expense), including transactions entered into with the Custodian, its sub-custodian or any affiliates of the Custodian or the sub-custodian. The Custodian shall have no liability for any losses incurred in or resulting from the rates obtained in such foreign exchange transactions; and absent specific Proper Instructions, the Custodian shall not be deemed to have any duty to carry out any foreign exchange on behalf of the Company. The Custodian shall be entitled at all times to comply with any legal or regulatory requirements applicable to currency or foreign exchange transactions. (b) The Company acknowledges that the Custodian, any sub-custodian or any affiliates of the Custodian or any sub-custodian, involved in any such foreign exchange transactions may make a margin or generate banking income from foreign exchange transactions entered into pursuant to this Section for which they shall not be required to account to the Company.

  • Third Party Foreign Exchange Transactions The Custodian shall process foreign exchange transactions (including without limitation contracts, futures, options, and options on futures), where any third party acts as principal counterparty to the Trust on the same basis, if any, that it performs duties as agent for the Trust with respect to any other of the Trust’s investments. Accordingly, the Custodian shall only be responsible for delivering or receiving currency on behalf of the Trust in respect of such contracts pursuant to Written Instructions. The Custodian shall not be responsible for the failure of any counterparty (including any Sub-custodian) in such agency transaction to perform its obligations thereunder. The Custodian (a) shall transmit cash and Written Instructions to and from the currency broker or banking institution with which a foreign exchange contract or option has been executed pursuant hereto, (b) may make free outgoing payments of cash in the form of Dollars or foreign currency without receiving confirmation of a foreign exchange contract or option or confirmation that the countervalue currency completing the foreign exchange contract has been delivered or received or that the option has been delivered or received, (c) may, in connection with cash payments made to third party currency broker/dealers for settlement of the Trust’s foreign exchange spot or forward transactions, foreign exchange swap transactions and similar foreign exchange transactions, process settlements using the banking facilities selected by Custodian from time to time according to such banking facilities standard terms, and (d) shall hold all confirmations, certificates and other documents and agreements received by the Custodian and evidencing or relating to such foreign exchange transactions in safekeeping. The Trust accepts full responsibility for its use of third-party foreign exchange dealers and for execution of said foreign exchange contracts and options and understands that the Trust shall be responsible for any and all costs and interest charges which may be incurred by the Trust or the Custodian as a result of the failure or delay of third parties to deliver foreign exchange.

  • Foreign Exchange Contracts as Principal The Custodian shall not be obligated to enter into foreign exchange transactions as principal. However, if the Custodian has made available to a Fund its services as a principal in foreign exchange transactions, upon receipt of Proper Instructions, the Custodian shall enter into foreign exchange contracts or options to purchase and sell foreign currencies for spot and future delivery on behalf of and for the account of a Portfolio of such Fund with the Custodian as principal. The Custodian shall be responsible for the selection of the currency brokers or Banking Institutions and the failure of such currency brokers or Banking Institutions to comply with the terms of any contract or option.

  • International Transactions When you use your Visa Debit Card, Platinum Visa Credit Card, or ATM card for international transactions, a fee will be assessed. You agree to pay a 1.00% international transaction fee for ATM and point-of-sale (i.e., PIN-based) transactions and a 3.00% international transaction fee for all other international transactions and cash advances. The fee will be assessed on international transactions if a currency conversion does take place or if the transaction is processed in U.S. dollars.