FOREIGN CURRENCY CHARGES. If you make a Charge that is submitted to us in a currency other than Hong Kong Dollars, or if we receive a refund in a foreign currency, that Charge or refund will be converted into Hong Kong Dollars. The conversion will take place on the date the Charge or refund is processed by American Express, which may not be the same date on which you made your Charge or refund as it depends on when the Charge or refund was submitted to American Express. This means that the exchange rate used may differ from the rate that is in effect on the date of the Charge or refund. Exchange rate fluctuations can be significant. If the Charge or refund is not in U.S. Dollars, the conversion will be made through U.S. Dollars, by converting the Charge or refund amount into U.S. Dollars and then by converting the U.S. Dollar amount into Hong Kong Dollars. If the Charge or refund is in U.S. Dollars, it will be converted directly into Hong Kong Dollars. Unless a specific rate is either required by applicable law or is used as a matter of local custom or convention in the territory where the Charge or refund is made (in which case we will look to be consistent with that custom or convention), you understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it selects from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2%.We call this conversion rate the ‘American Express Exchange Rate’. The American Express Exchange Rate is set each business day. Changes in the rate will be applied immediately and without notice to you. You can find our rates by calling us at the number on the back of your Card. You may sometimes be offered the option to settle foreign currency Charges in Hong Kong Dollars at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not American Express. In such cases, you are reminded to ask the merchants for the foreign currency exchange rates and the percentage of handling fees to be applied before the Charges are entered into since settling foreign currency Charges in Hong Kong dollars may involve a cost higher than the conversion commission. Since a Charge converted via the merchant or other third party, will be submitted to us in Hong Kong Dollars, we will not apply a conversion commission. The amount of any refund of a Charge made in foreign currency will generally differ from the amo...
FOREIGN CURRENCY CHARGES. If you make a Charge in a currency other than Singapore dollars, that Charge will be converted into Singapore dollars. The conversion will take place on the date the Charge is processed by American Express, which may not be the same date on which you made your Charge as it depends on when the Charge was submitted to American Express. If the Charge is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the Charge amount into U.S. dollars and then by converting the U.S. dollar amount into Singapore dollars. If the Charge is in U.S. dollars, it will be converted directly into Singapore dollars. Unless a specific rate is required by applicable law, you understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it selects from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2.5%. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates selected by them. The amount of any refund of a Charge made in foreign currency will generally differ from the amount of the original Charge because:
FOREIGN CURRENCY CHARGES. If we receive a transaction or refund for processing in a currency other than Singapore Dollars (“Foreign Charge”), our currency conversion affiliate, AE Exposure Management Limited (“AEEML”) will convert it into US Dollars first (unless it was submitted to us in US Dollars) and convert it from US Dollars into Singapore Dollars. The conversion will take place on the date the Foreign Charge is processed by American Express, which may not be the same date on which the Foreign Charge was made as it depends on when the Foreign Charge was submitted to American Express. Exchange rate fluctuations can be significant. The exchange rate AEEML uses, which is called the “American Express Exchange Rate”, will be: • the rate required by applicable law or used as a matter of local custom or convention in the territory where the transaction or refund is made (in which case AEEML will look to be consistent with that custom or convention), or where this doesn’t apply; • based on interbank rates selected from customary industry sources on the business day prior to the processing date. We will increase the Foreign Charge by a single conversion commission of 2.95%. The American Express Exchange Rate is set each day from Monday to Friday including public holidays except for Christmas Day and New Year’s Day. You acknowledge that any refund of a Foreign Charge may be different to the Foreign Charge amount originally processed on your Card Account. The difference is generally because: • the refund and Foreign Charge may be processed on different days with different rates; • the refund may be only a partial refund for the Foreign Charge; or • where third parties convert charges in foreign currency, those third parties may treat refunds differently to the original foreign currency charge. When making a transaction in foreign currency, you may be given the option to allow a third party (for example, the retailer) to convert the transaction into Singapore Dollars before submitting it to us. If you decide to do this, then that third party will determine the exchange rate and any commission or fees payable for the currency conversion and submit that transaction to us in Singapore Dollars, meaning we will not convert the transaction or apply a currency conversion fee. It is your decision whether to use such third party currency conversion or not and in such cases, you should check the fees and charges before completing the transaction to ensure that you do not pay more than necessary.
FOREIGN CURRENCY CHARGES. A Charge made in a currency other than Malaysia Ringgit will be converted into Malaysia Ringgit. The conversion will take place on the date the Charge is processed by American Express, which may not be the same date on which you made your charge as it depends on when the Charge was submitted to American Express. If the Charge is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the Charge amount into U.S. dollars and then by converting the U.S. dollars amount into Malaysia Ringgit. If the Charge is in U.S. dollars, it will be converted directly into Malaysia Ringgit. Unless a specific rate is required by applicable law, you understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it select from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2.5%. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates selected by them.
FOREIGN CURRENCY CHARGES. If you incur a charge in a foreign currency, the charge will be converted by VISA International into a United States dollar amount using the procedures in the VISA Operating Regulations in effect at the time the transaction is processed. As of April 2005, this is either a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate VISA itself receives or the government-mandated rate in effect for the applicable central processing date, plus or minus any adjustment determined by the Issuer. In addition, an International Service Assessment fee of 1 % of the transaction amount on all international transactions will be collected. This fee is assessed by Visa.
FOREIGN CURRENCY CHARGES. TMP or the UK Borrowers, as applicable, shall pay or reimburse each Lender and the Administrative Agent for such normal and customary costs and expenses as are incurred or charged by such Lender or the Administrative Agent in connection with the conversion of any Foreign Currency into Dollars.
FOREIGN CURRENCY CHARGES. Monster Worldwide or the UK Borrowers, as applicable, shall pay or reimburse each Lender and the Administrative Agent for such normal and customary costs and expenses as are incurred or charged by such Lender or the Administrative Agent in connection with the conversion of any Foreign Currency into Dollars.
FOREIGN CURRENCY CHARGES. 16.1 Payment in Brunei dollars - All payments made to the Bank in accordance with this Agreement must be made in Brunei Dollars. In the event that payment is made in a currency other than in Brunei Dollars, the Bank shall be at liberty to convert such currency to Brunei Dollars at such time and rate of exchange as the Bank may in its sole and absolute discretion elect in accordance with the Bank’s usual practice. The Cardmember shall bear all exchange risk losses, commission, fees and charges, which may thereby arise and shall indemnify the Bank against all such exchange risks, losses, commission, fees and charges.
FOREIGN CURRENCY CHARGES. If you make a Charge in a currency other than Hong Kong Dollars, that Charge will be converted into Hong Kong Dollars. The conversion will take place on the date the Charge is processed by American Express, which may not be the same date on which you made your Charge as it depends on when the Charge was submitted to American Express. If the Charge is not in U.S. Dollars, the conversion will be made through U.S. Dollars, by converting the Charge amount into U.S. Dollars and then by converting the U.S. Dollar amount into Hong Kong Dollars. If the Charge is in U.S. Dollars, it will be converted directly into Hong Kong Dollars. Unless a specific rate is required by applicable law, you understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it selects from customary industry sources on the business day prior to the processing date, increased by a single conversion commission of 2%. If Charges are convert- ed by third parties prior to being submitted to us, any conversions made by those third parties will be at rates selected by them. The amount of any refund of a Charge made in foreign currency will generally differ from the amount of the original Charge because: (i) in most cases, the rate applied to any refund will differ from the original rate applied to the Charge; and (ii) any currency conversion commission charged on the original purchase is not refunded. However, we do not charge an additional currency conversion commission on the refunded amount.
FOREIGN CURRENCY CHARGES. For Card products billed in Philippine Pesos, all transactions made in foreign currencies will be converted to U.S. Dollars by American Express before being converted to Philippines Peso by BDO. A foreign currency factor of: (a) 1% will be applied to converted U.S. Dollar amounts, which will be retained by American Express; and (b) 1.5% will be applied to converted Philippine Peso amounts. For Card products billed in U.S. Dollars, all transactions made in foreign currency other than U.S. Dollars will be converted to U.S. Dollars by American Express currency factor of 2.5% will be added to converted U.S. Dollar amounts, of which 1% will be retained by American Express.
