Foreign Currency. Transactions made in a foreign currency are converted into U.S. dollar amounts by Mastercard, using its then current currency conversion procedure and rate. Currently, the currency conversion rate is generally either a wholesale market rate or a government-mandated rate in effect the day before the Transaction processing date. The currency conversion rate used on the processing date may differ from the rate in effect on the Transaction date or periodic statement posting date.
Appears in 7 contracts
Samples: Customer Account Agreement, Account Agreement, Deposit Account Agreement
Foreign Currency. Card Transactions made in a foreign currency are converted into U.S. dollar amounts by MastercardVisa, using us- ing its then current currency conversion procedure and rate. Currently, the currency conversion rate is generally either a wholesale market rate or a government-mandated rate in effect the day before the Card Transaction processing date. The currency conversion rate used on the processing date may differ from the rate in effect on the Card Transaction date or periodic statement posting date.
Appears in 3 contracts
Samples: Wealth Management Agreement, Account Agreement, Account Agreement
Foreign Currency. Card Transactions made in a foreign currency are converted into U.S. dollar amounts by MastercardVisa, using its then current currency conversion procedure and rate. Currently, the currency conversion rate is generally either a wholesale market rate or a government-mandated rate in effect the day before the Card Transaction processing pro- cessing date. The currency conversion rate used on the processing date may differ from the rate in effect on the Card Transaction date or periodic statement posting date.
Appears in 2 contracts
Samples: Account Agreement, Account Agreement
