Common use of Transaction Changes/Cancellation Clause in Contracts

Transaction Changes/Cancellation. Any Foreign Exchange Contract executed under the Services may not be changed or cancelled via the Services by the Customer. If the Customer places an order at exchange rates deviating from prevailing foreign exchange market rates and the Bank executes such order as specified by Customer, despite the Customer’s use of an incorrect foreign exchange rate, the Bank may cancel the Foreign Exchange Contract Transaction concluded through the Services, and the cost of canceling such transaction shall be borne by Customer unless there exists another reason for canceling the transaction which is attributable to the Bank.

Appears in 8 contracts

Samples: Comsuite Forex Services Terms and Conditions, Terms and Conditions, Comsuite Forex Services Terms and Conditions

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Transaction Changes/Cancellation. Any Foreign Exchange Contract executed under the Services Services, other than those subject to Value Date Change Transaction, may not be changed or cancelled via the Services by the Customer. If the Customer places an order at exchange rates deviating from prevailing foreign exchange market rates and the Bank executes such order as specified by Customer, despite the Customer’s use of an incorrect foreign exchange rate, the Bank may cancel the Foreign Exchange Contract Transaction concluded through the Services, and the cost of canceling such transaction shall be borne by Customer unless there exists another reason for canceling the transaction which is attributable to the Bank.

Appears in 1 contract

Samples: Terms and Conditions

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