Transaction in foreign currency Sample Clauses

Transaction in foreign currency. In the event that the Client instructs GTJAF to enter into any Derivatives transactions which are effected in a foreign currency, (i) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the Client’s account and at the Client’s risk; (ii) Margin shall be recorded in such currency or currencies and in such amounts as GTJAF may in GTJAF's sole discretion elect; and (iii) GTJAF is authorized to convert funds in the Account into and from such foreign currency at a rate of exchange determined by GTJAF, in its sole discretion, on the basis of the then prevailing money market rates. If, for any purpose, the Client is required to convert any amount due to GTJAF into a currency other than that in which it would otherwise have been due, the Client shall pay GTJAF such additional amounts as are necessary to ensure that, when received and reconverted, GTJAF will receive the full amount in the original currency as it would have received had no such conversion taken place.
AutoNDA by SimpleDocs
Transaction in foreign currency. In the event that Client instructs Suntek to enter into any Transactions relating to Securities on an Exchange or other market on which such Transactions are effected in a currency other than the currency in which the Account is denominated then:
Transaction in foreign currency. 9.1 The Cardholder must pay as Myanmar Kyat, if any payment received or recovered is in a foreign currency, KBZ Bank will convert it into Myanmar Kyat at the prevailing rate of exchange KBZ Bank use. The Cardholder agrees to indemnify KBZ Bank for any shortfall and will take full responsibility for any loss and bear all the risks arising from the currency conversion.
Transaction in foreign currency. In the event that Client instructs NECHK to enter into any securities transactions on an Exchange or other market on which such transactions are effected in a currency other than the currency in which the account is denominated then:
Transaction in foreign currency. In the event that Client instructs GTJAS to enter into any Securities trading transactions, which are effected in a foreign currency, (i) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Client’s account and at Client’s risk; and (ii) GTJAS is authorized to convert funds in the Account into and from such foreign currency at prevailing market rate of exchange. If, for any purpose, the Client is required to convert any amount due to GTJAS into a currency other than that in which it would otherwise have been due, the Client shall pay GTJAS such additional amounts as are necessary to ensure that, when received and reconverted, GTJAS will receive the full amount in the original currency as it would have received had no such conversion taken place.
Transaction in foreign currency. In the event that the Client instructs CCBIS to enter into any Future or Option transactions which are effected in a foreign currency, (i) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the Account and at the Client’s risk; (ii) Margin shall be recorded in such currency or currencies and in such amounts as CCBIS may in CCBIS' sole discretion elect; (iii) CCBIS is authorized to convert funds in the Account into and from such foreign currency at a rate of exchange determined by CCBIS, in its sole discretion, on the basis of the then prevailing money market rates; and (iv) all foreign currency exchange risk arising from any such Future or Option transactions or from the compliance by CCBIS with its obligations or the exercise by CCBIS of its rights under this Agreement shall be borne by the Client. If, for any purpose, the Client is required to convert any amount due to CCBIS into a currency other than that in which it would otherwise have been due, the Client shall pay CCBIS such additional amounts as are necessary to ensure that, when received and reconverted, CCBIS will receive the full amount in the original currency as it would have received had no such conversion taken place.

Related to Transaction in foreign currency

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and Mastercard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. Mastercard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. Mastercard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert:

  • IN FOREIGN CURRENCIES If you make a charge or receive a refund in a currency other than Canadian dollars that charge or refund will be converted into Canadian dollars by our currency conversion affiliate, AE Exposure Management Limited (AEEML). The conversion will take place on the date the charge or refund is processed by us, which may not be the same date on which you made your charge or received your refund as it depends on when the charge or refund was submitted to us. This means that the exchange rate used by AEEML may differ from the rate that is in effect on the date of your transaction or refund. Exchange rate fluctuations can be significant. This conversion rate is set by AEEML on each weekday except January 1 and December 25 (each, a rate selection day). If the charge or refund is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the charge or refund amount into U.S. dollars and then by converting the U.S. dollar amount into Canadian dollars. If the charge or refund is in U.S. dollars, it will be converted directly into Canadian dollars. Conversion commissions we apply to original charges will not be returned on refunds. Conversion rates applied to refunds may differ from conversion rates applied to original charges. As a result, the amount of the refund will generally differ from the amount of the original charge. However, we do not charge an additional currency conversion commission on a refund. Unless a specific exchange rate is either required by law, or is used as a matter of local custom or convention (in which case AEEML will look to be consistent with that custom or convention), AEEML’s conversion rates are based on interbank rates selected from customary industry sources on the rate selection day prior to the processing date, which we increase by a single conversion commission as specified in the information box and disclosure statement or as otherwise disclosed by us. If charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates selected by them and may include a commission or charge, also selected by the third party. It is your decision whether to use the third party currency conversion or not. You should check the rates and charges before completing the transaction. When a transaction is converted by a third party and is submitted to us in Canadian dollars, we will not apply a currency conversion commission.

  • Currency All sums of money which are referred to in this Agreement are expressed in lawful money of Canada, unless otherwise specified.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!