Foreign Exchange Services. 17.1. In the course of providing services to the Client the Company may need to make currency conversions. The Company is entitled, without prior notice to the Client, to make any currency conversions which the Company considers necessary or desirable for the purposes of complying with its obligations or exercising its rights under the Agreement. Any such conversion shall be effected by the Company in such manner and at such rates as the Company may in its discretion determine, having regards to the prevailing rates for freely convertible currencies. The Company shall be entitled to charge to the Client and retain for the Company’s account the expenses incurred with regard to currency conversions for the Client, including commissions to banks, money transfer fees, commissions to intermediaries. 17.2. In the event of currency fluctuations, the Company will have no liability for any losses or damages incurred on the Client. All foreign currency exchange risk arising from any transaction on behalf of the Client or from the compliance by the Company with its obligations hereunder or the exercise by it of its rights under the Agreement will be borne by the Client.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
