Common use of TRANSFERS SENT AND RECEIVED Clause in Contracts

TRANSFERS SENT AND RECEIVED. a) THE BANK may, at its discretion, reduce to foreign currency the funds received by THE CUSTOMER at the type of sale governing this bank on the date the funds are received, being considered decisive and final the written evidence of the Bank to the due entries in its books, that such conversion has been performed. b) The CUSTOMER is responsible and assumes the risks inherent to any exchange difference caused by fluctuations in the foreign exchange markets.

TRANSFERS SENT AND RECEIVED. a) THE BANK may, at its discretion, reduce to foreign currency the funds received by THE CUSTOMER the client at the type of sale governing that governs this bank on the date the funds are received, being considered decisive and final the written evidence of the Bank to the due to entries in its books, that such conversion has been performedtaken place. b) The CUSTOMER CLIENT is responsible and assumes the risks inherent to any exchange difference caused by fluctuations in the foreign exchange currency markets.