Common use of Conversion of Exchange Rates Clause in Contracts

Conversion of Exchange Rates. 18.01 Transactions in currencies other than Hong Kong Dollars will be debited to the Card Account after the process of conversion from the foreign currency into Hong Kong Dollars at the prevailing conversion rate equivalent to the exchange rate as required and published by Card Association and where appropriate by the State Administration of Exchange Control in the People's Republic of China or relevant organizations (for Renminbi currency only). A mark-up on the conversion rate published by the relevant Card Association (as the case may be) shall be charged to calculate the equivalent amount of Hong Kong dollars to be debited to the Card Account(s). The rate of such a mark-up shall be decided solely and absolutely by the Bank from time to time.

Conversion of Exchange Rates. 18.01 Transactions in currencies other than Hong Kong Dollars will be debited to the Card Account after the process of conversion from the foreign currency into Hong Kong Dollars at the prevailing conversion rate equivalent to the exchange rate as required and published by Card Association and where appropriate by the State Administration of Exchange Control in the People's Republic of China or relevant organizations (for Renminbi currency only). A markxxxx-up on the conversion rate published by the relevant Card Association (as the case may be) shall be charged to calculate the equivalent amount of Hong Kong dollars to be debited to the Card Account(s). The rate of such a markxxxx-up shall be decided solely and absolutely by the Bank from time to time.