FX Conversion definition

FX Conversion means an agreement between the Parties in which one currency is sold or bought against another currency at an agreed FX Exchange Rate including a Forward Contract or Spot Contract.
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Examples of FX Conversion in a sentence

  • We will deduct the relevant proceeds due and payable in connection with the FX Conversion or Payment from your Wallet on the Settlement Date.

  • If you do not have sufficient funds in the relevant Supported Currency, Airwallex may allow you to make an FX Conversion before the Payment.

  • You may instruct us to make a FX Conversion or Payment by providing the necessary details as prompted in the Airwallex Platform.

  • You may access the indicative FX Exchange Rate for a FX Conversion through the Airwallex Platform.

  • We will not reverse such FX Conversion if you receive refunds or other funds from reversed Airwallex Pay Transactions.

  • If you are making a Payment and/or FX Conversion, we will generally remit the Payment and/or effect the FX Conversion on the Payment Date or Settlement Date (as applicable) provided that we have received corresponding payment or funds from you in accordance with clause 9.

  • We reserve the right to withhold, block, suspend, reject or delay any transaction (including remitting funds to you under a FX Conversion) in order to comply with Applicable Law.

  • In such cases, we may declare that the FX Conversion is not binding: you will need to return to us any amounts made under the FX Conversion and we will reprocess such FX Conversion at the correct rate.

  • The issue of a Confirmation means that the FX Conversion or Payment has been created and cannot be cancelled by you.

  • If an FX Conversion is executed at an FX Exchange Rate that clearly and materially deviates from the market price, you must not rely on such obvious error.

Related to FX Conversion

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Notice of Conversion/Continuation shall have the meaning provided in Section 2.06.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Notice of Conversion shall have the meaning set forth in Section 4(a).