Common use of Foreign Currency Time Deposit Clause in Contracts

Foreign Currency Time Deposit. (a) The Accountholder agrees to be conclusively bound by the rate of exchange quoted by the Bank to the Accountholder at the time of placement of the foreign currency time deposit as the rate for the conversion of the relevant currencies determined by the Bank to be prevailing in the relevant foreign exchange market at the relevant time.

Foreign Currency Time Deposit. (a) The Accountholder agrees to be conclusively bound by the rate of exchange quoted by the Bank to the Accountholder at the time of placement of the foreign currency time deposit as the rate for the conversion of the relevant currencies determined by the Bank to be prevailing in the relevant foreign exchange market at the relevant time.. HBSP/ CVM/ WEL/ TB/ TNC101