Common use of Cancellation of Value Date Change Transactions Clause in Contracts

Cancellation of Value Date Change Transactions. If the Bank recognizes the following situations with regard to any Value Date Change Transaction, the Bank may cancel such Value Date Change Transaction once concluded under the Services. The Customer shall be responsible for all fees and expenses arising in relation to such cancellation: (1) at the time the Bank enters a Value Date Change Transaction in the books, the transaction amount exceeds the unused balance of the Foreign Exchange Contract before the change; or (2) from the perspective of maintaining the sound financial condition of the Customer, the Bank determines that there is a problem with the Customer’s conducting a Value Date Change Transaction.

Cancellation of Value Date Change Transactions. If the Bank recognizes the following situations situation with regard to any Value Date Change Transaction, the Bank may cancel such Value Date Change Transaction once concluded under the Services. The Customer shall be responsible for all fees and expenses arising in relation to such cancellation: (1) at the time the Bank enters a Value Date Change Transaction in the books, the transaction amount exceeds the unused balance of the Foreign Exchange Contract before the change; or (2) from the perspective of maintaining the sound financial condition of the Customer, the Bank determines that there is a problem with the Customer’s conducting a Value Date Change Transaction.