Common use of TRANSACTIONS INVOLVING FOREIGN CURRENCY Clause in Contracts

TRANSACTIONS INVOLVING FOREIGN CURRENCY. 13.1 Where the Card Transaction is effected in a currency not available or linked to a Card, such transaction will be debited to the SGD sub-account after conversion to SGD at an exchange rate determined by the Card Merchant. The exchange rate applied is determined on the date of posting to the card account and may be different from the rate in effect on the date the transaction is made due to market fluctuations. The converted amount, together with an applicable administrative fee of 1.5% (or such other rate as determined by the Bank and notified to the Cardmembers) levied by the Bank, and any assessment fee(s) charged by Card Merchant will be debited to the relevant Card Account.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

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TRANSACTIONS INVOLVING FOREIGN CURRENCY. 13.1 14.1. Where the Card Transaction is effected in a currency not available or linked to a Card, such transaction will be debited to the SGD sub-sub- account after conversion to SGD at an exchange rate determined by the Card Merchant. The exchange rate applied is determined on the date of posting to the card account and may be different from the rate in effect on the date the transaction is made due to market fluctuations. The converted amount, together with an applicable administrative fee of 1.5% (or such other rate as determined by the Bank and notified to the Cardmembers) levied by the Bank, and any assessment fee(s) charged by Card Merchant will be debited to the relevant Card Account.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

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TRANSACTIONS INVOLVING FOREIGN CURRENCY. 13.1 12.1. Where the Card Transaction is effected in a currency not available or linked to a Card, such transaction will be debited to the SGD sub-account after conversion to SGD at an exchange rate determined by the Card Merchant. The exchange rate applied is determined on the date of posting to the card account and may be different from the rate in effect on the date the transaction is made due to market fluctuations. The converted amount, together with an applicable administrative fee of 1.5% (or such other rate as determined by the Bank and notified to the Cardmembers) levied by the Bank, and Bank plus any assessment fee(s) charged by Card Merchant will be debited to the relevant Card Account.

Appears in 1 contract

Samples: Credit Card Agreement

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