Common use of Currency of Accounts Clause in Contracts

Currency of Accounts. You will be able to open your trading Account(s) in USD/EUR or any currency that may be offered by the Company. Account(s) balances will be calculated and reported to you in the currency in which Account(s) are maintained. If you direct GCMT to fund Margin from funds denominated in a currency other than the Account Base Currency, GCMT will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by GCMT. GCMT will not be liable to you for any exchange rate loss suffered by you because of any such conversion. GCMT will charge the going market rate plus 4% with respect to all deposits and market rate less 4 % with respect to all withdrawals processed by bank wire. In certain circumstances, GCMT reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus the 4% charge). GCMT has the sole right to determine when such action is required. Such a decision will be based on good faith practice. Lastly, please note that no instructions to pay a third party from your Account will be accepted by us unless otherwise agreed in writing by us.

Currency of Accounts. You will be able to open your trading Account(s) in USD/EUR or any currency that may be offered by the Company. Account(s) balances will be calculated and reported to you in the currency in which Account(s) are maintained. If you direct GCMT to fund Margin from funds denominated in a currency other than the Account Base Currency, GCMT will be authorized to convert those funds for Margin at a rate of exchange reasonably determined by GCMT. GCMT will not be liable to you for any exchange rate loss suffered by you because as a result of any such conversion. GCMT will charge the going market rate plus 42% with respect to all deposits and market rate less 4 2% with respect to all withdrawals processed by bank wire. In certain circumstances, GCMT reserves the right to pay out withdrawals at the same exchange rate the funds were deposited (minus the 42% charge). GCMT has the sole right to determine when such action is required. Such a decision will be based on good faith practice. Lastly, please note that no instructions to pay a third party from your Account will be accepted by us unless otherwise agreed in writing by us.