USING THE E-MONEY ACCOUNT Clause Samples
USING THE E-MONEY ACCOUNT. 13.1 We will credit any funds received from you, or on behalf of you from third parties, to your E-Money Account.
13.2 Your E-Money Account can be used to:
13.2.1 store funds in a currency nominated by you;
13.2.2 make Transfers (alone or in combination with a Trade);
13.2.3 make Payment in connection with one or more Trades; and
USING THE E-MONEY ACCOUNT. 14.1 We will credit any funds received from you to your E-Money Account.
14.2 Your E-Money Account can be used to:
14.2.1 store funds in one or more currencies nominated by you;
14.2.2 make Transfers (alone or in combination with a Trade);
14.2.3 make Payment in connection with one or more Trades; and
14.2.4 pay Margin
14.3 We will not allow you to make any Transfer or Payment Out of your E-Money Account where this would put your E-Money Account into a negative balance. You should therefore ensure that you have sufficient funds, including in respect of Margin Calls which may be made from time-to-time, in your Account before placing an Order.
14.4 We may impose fees or charges for our Services and reserve the right to impose a fee (on a per transaction basis) at our discretion. We will always inform you in advance of any fee or charge which shall be imposed.
14.5 You can place an Order from your E-Money Account online, by telephone or by email:
USING THE E-MONEY ACCOUNT. 13.1 We will credit any funds received from you to your E-Money Account.
13.2 Your E-Money Account can be used to:
13.2.1 store funds in a currency nominated by you in your Application Form;
13.2.2 make Transfers (alone or in combination with a Trade);
13.2.3 make Payment in connection with one or more Trades; and
13.2.4 make any payment of Margin in accordance with Clause 19.
13.3 We will not allow you to make any Transfer or Payment Out of your E-Money Account where this would put your E-Money Account into a negative balance. You should therefore ensure that you have sufficient funds, including in respect of Margin Calls which may be made from time-to-time, in your Account before placing an Order.
13.4 We may apply spending limits on your E-Money Account (for example, the maximum amount of Transfers or Trades that you can make in one day or the maximum exposure you can have to a single currency), and we’ll tell you if we do so.
13.5 We do not impose fees or charges for our Services save for same-currency Transfers or Trades, where we may impose a reasonable charge which we will negotiate with you. We will let you know of our fees in advance of accepting any Trades or Transfers.
13.6 However, others might impose fees, charges or taxes. For example, a correspondent bank who is involved in processing your Transfer charge you a fee to transmit funds to the Beneficiary Account.
13.7 The exchange rates we use are variable exchange rates which are changing constantly throughout the day (for example, to reflect movements in foreign exchange markets). The exchange rate applied to your payments will appear on your statement. Unless otherwise agreed with you, the exchange rate we will apply to Transfers (including any future dated payments) and Trades which are in a different currency to the denomination of your E-Money Account will be the rate applicable at the time that your payment is processed. You can contact us to find out the rate which will apply by contacting your Ebury Representative.
13.8 You can place an Order from your E-Money Account online, by telephone or by email: