Common use of Foreign Currency Wire Transfers Clause in Contracts

Foreign Currency Wire Transfers. Xxxxxx Xxxxxxx & Co., Inc. seeks to direct wire transfer payments so that they are submitted accurately and received promptly by its customers. Xxxxxx Xxxxxxx & Co., Inc. has entered into an agreement with a third party provider to facilitate foreign currency transactions for Xxxxxx Xxxxxxx & Co., Inc. customers who request the receipt of funds in a currency other than US Dollars. The third party provider charges a fee for its foreign currency conversion services which is passed through to the customer by Xxxxxx Xxxxxxx & Co., Inc. A portion of this fee is retained by Xxxxxx Xxxxxxx & Co., Inc. The nature and source of any such remuneration in connection with a specific transaction will be disclosed to you upon written request.