Common use of Foreign Exchange Deposit Accounts Clause in Contracts

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. 2.6.2. The Bank is not under obligation to make a payment in a currency other than the currency of an account, and will have the right to refuse such requests. However, if the Customer gives an interaccount transfer or EFT / remittance instruction from his TL account to his Foreign Currency Account, the subject money will be converted over the relevant foreign exchange selling rate of the Bank current as of the date of transaction. Furthermore, subject to compliance with the Applicable Laws and Regulations, the foreign currencies will be converted to each other (also including interaccount transfer, EFT / remittance instructions between foreign currency accounts) over the relevant foreign exchange parity rate of the Bank current as of the date of transaction. 2.6.3. The Customer may ex officio withdraw the account balances in foreign currencies only through a check drawn on the Bank, or may dispose of the same with a written instruction. The amount set down in the check and/or the written instruction should be in the currency of the relevant account. However, the Bank will, in its sole discretion, be free to accept checks or remittances in any currency other than the currency of the relevant account by applying the provisions of the relevant article.

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. 2.6.2. The Bank is not under obligation to make a payment in a currency other than the currency of an account, and will have the right to refuse such requests. However, if the Customer gives an interaccount transfer or EFT / EFT/ remittance instruction from his TL account to his Foreign Currency Account, the subject money will be converted over the relevant foreign exchange selling rate of the Bank current as of the date of transaction. Furthermore, subject to compliance with the Applicable Laws and Regulations, the foreign currencies will be converted to each other (also including interaccount transfer, EFT / EFT/remittance instructions between foreign currency accounts) over the relevant foreign exchange parity rate of the Bank current as of the date of transaction. 2.6.3. The Customer may ex officio withdraw the account balances in foreign currencies only through a check drawn on the Bank, or may dispose of the same with a written instruction. The amount set down in the check and/or the written instruction should be in the currency of the relevant account. However, the Bank will, in its sole discretion, be free to accept checks or remittances in any currency other than the currency of the relevant account by applying the provisions of the relevant article.

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. 2.6.2. The Bank is not under obligation to make a payment in a currency other than the currency of an account, and will have the right to refuse such requests. However, if the Customer gives an interaccount transfer or EFT / remittance instruction from his TL account to his Foreign Currency Account, the subject money will be converted over the relevant foreign exchange selling rate of the Bank current as of the date of transaction. Furthermore, subject to compliance with the Applicable Laws and Regulations, the foreign currencies will be converted to each other (also including interaccount transfer, EFT / remittance instructions between foreign currency accounts) over the relevant foreign exchange parity rate of the Bank current as of the date of transaction. 2.6.3. The Customer may ex officio withdraw the account balances in foreign currencies only through a check drawn on the Bank, or may dispose of the same with a written instruction. The amount set down in the check and/or the written instruction should be in the currency of the relevant account. However, the Bank will, in its sole discretion, be free to accept checks or remittances in any currency other than the currency of the relevant account by applying the provisions of the relevant article.balances