Foreign Exchange Deposit Accounts. 2.6.1. The Customer hereby accepts that in the case of transfer of funds between Demand Foreign Exchange Deposit Accounts, any loss arising out of conversion of two foreign currencies will be borne and assumed by himself, and that TL amount corresponding to the said loss and to the difference between exchange rates, and the Banking and Insurance Transactions Tax levied thereon, will be debited to his TL or Demand Foreign Exchange Deposit Accounts held with the Bank. It is further acknowledged by the Customer that if and when he draws a check on a Demand Foreign Exchange Deposit Account opened with cash funds in foreign currencies with different effective and foreign exchange buying rates, the difference arising out of conversion will be paid out of his Demand Foreign Exchange Deposit Account.
Foreign Exchange Deposit Accounts. 4.4.1 Without prejudice to the applicable laws, all transactions related to accounts opened or to be opened in foreign currency shall be made in the currency in which the account has been opened. However, transactions with respect to these accounts may be made in any currency other than the currency of the account if the Bank deems this appropriate upon the Customer's request. The Bank shall take the foreign exchange rate applicable by the Bank on transaction date as a basis for the calculation.
