Common use of Base Currency Clause in Contracts

Base Currency. 11.2.1 You shall designate a base currency for your Account which shall either be UK Pounds Sterling, US Dollars, Euros or any other currency agreed in advance with us referred to as the “Account Base Currency”). 11.2.2 Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us. 11.2.3 If any interest costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us. 11.2.4 All payments from your Account will be made on your request in the Account Base Currency unless another Currency is agreed in advance between you and us and will be made by BACS transfer, Telegraphic Transfer, SWIFT or, where payments were made by debit or credit card, and it is permitted, transfer of funds to the relevant credit or debit card account. We shall not be obliged to make any payment to you unless your cash balance remaining after making the payment would be sufficient to cover your Margin and any unrealized losses in relation to your open Transactions on your Accounts.

Appears in 15 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Base Currency. 11.2.1 You shall designate a base currency for your Account which shall either be UK Pounds Sterling, US Dollars, Euros or any other currency agreed in advance with us referred to as the “Account Base Currency”). 11.2.2 Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us. 11.2.3 If any interest interest, costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us. 11.2.4 All payments from your Account will be made on your request in the Account Base Currency unless another Currency is agreed in advance between you and us and will be made by BACS transfer, Telegraphic Transfer, SWIFT or, where payments were made by debit or credit card, and it is permitted, transfer of funds to the relevant credit or debit card account. We shall not be obliged to make any payment to you unless your cash balance remaining after making the payment would be sufficient sufficient to cover your Margin and any unrealized unrealised losses in relation to your open Transactions Open Positions on your AccountsAccount.

Appears in 1 contract

Samples: Client Agreement

Base Currency. 11.2.1 12.2.1 You shall designate a base currency for your Account which shall either be UK Pounds Sterling, US Dollars, Euros or any other currency agreed in advance with us referred to as the “Account Base Currency”). 11.2.2 12.2.2 Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us. 11.2.3 12.2.3 If any interest costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us. 11.2.4 12.2.4 All payments from your Account will be made on your request in the Account Base Currency unless another Currency is agreed in advance between you and us and will be made by BACS transfer, Telegraphic Transfer, SWIFT or, where payments were made by debit or credit card, and it is permitted, transfer of funds to the relevant credit or debit card account. We shall not be obliged to make any payment to you unless your cash balance remaining after making the payment would be sufficient to cover your Margin and any unrealized unrealised losses in relation to your open Transactions on your Accounts.

Appears in 1 contract

Samples: Client Agreement

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Base Currency. 11.2.1 You shall designate a base currency for your Account which shall either be UK Pounds Sterling, US Dollars, Euros or any other currency agreed in advance with us referred to as the “Account Base Currency”). 11.2.2 Any sums deposited in your Account, if in a Currency other than the Account Base Currency, may be converted to that Account Base Currency at the prevailing conversion rate as designated by us unless alternative instructions from you are accepted by us. 11.2.3 If any interest interest, costs, commission and other charges to be debited to your Account are in a currency other than the Account Base Currency they may be converted to that Account Base Currency at the prevailing conversion rate as designated by us. 11.2.4 All payments from your Account will be made on your request in the Account Base Currency unless another Currency is agreed in advance between you and us and will be made by BACS transfer, Telegraphic Transfer, SWIFT or, where payments were made by debit or credit card, and it is permitted, transfer of funds to the relevant credit or debit card account. We shall not be obliged to make any payment to you unless your cash balance remaining after making the payment would be sufficient to cover your Margin and any unrealized unrealised losses in relation to your open Transactions Open Positions on your AccountsAccount.

Appears in 1 contract

Samples: Client Agreement

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