Common use of Conversion of Foreign Currency Amounts Clause in Contracts

Conversion of Foreign Currency Amounts. 7.3.1. If you direct CMTrading to fund Margin from funds denominated in a currency other than the Account Base Currency, CMTrading will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by CMTrading. CMTrading will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 7.3.2. CMTrading will charge the going market rate plus up to 4% with respect to all deposits and market rate less 4% with respect to all withdrawals processed by bank wire. 7.3.3. CMTrading will charge the going market rate plus 2.5% with respect to all deposits by Crypto currencies and market rate less 4% with respect to all withdrawals processed by Crypto currencies and/or credit/debit card. 7.3.4. In certain circumstances, CMTrading reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus the 4% charge). CMTrading has the sole right to determine when such action is required. Such a decision will be based on good faith practice

Appears in 3 contracts

Samples: Client Service Agreement, Client Service Agreement, Client Service Agreement

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Conversion of Foreign Currency Amounts. 7.3.16.3.1. If you direct CMTrading to fund Margin from funds denominated in a currency other than the Account Base Currency, CMTrading will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by CMTrading. CMTrading will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 7.3.26.3.2. CMTrading will charge the going market rate plus up to 42% with respect to all deposits and market rate less 42% with respect to all withdrawals processed by bank wire. 7.3.36.3.3. CMTrading will charge the going market rate plus 2.53% with respect to all deposits by Crypto currencies and market rate less 4% with respect to all withdrawals processed by Crypto currencies and/or credit/debit card. 7.3.46.3.4. In certain circumstances, CMTrading reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus the 42% charge). CMTrading charge).CMTrading has the sole right to determine when such action is required. Such a decision will be based on good faith practicepractice Account Payments

Appears in 1 contract

Samples: Client Service Agreement

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Conversion of Foreign Currency Amounts. 7.3.1. If you direct CMTrading to fund Margin from funds denominated in a currency other than the Account Base Currency, CMTrading will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by CMTrading. CMTrading will not be liable to you for any exchange rate loss suffered by you as a result of any such conversion. 7.3.2. CMTrading will charge the going market rate plus up to 4% with respect to all deposits and market rate less 4% with respect to all withdrawals processed by bank wire. 7.3.3. CMTrading will charge the going market rate plus 2.54% with respect to all deposits by Crypto currencies and market rate less 4% with respect to all withdrawals processed by Crypto currencies and/or credit/debit card. 7.3.4. In certain circumstances, CMTrading reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus the 4% charge). CMTrading has the sole right to determine when such action is required. Such a decision will be based on good faith practice

Appears in 1 contract

Samples: Client Service Agreement

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