Foreign Currency tanımı

Foreign Currency. This is the name given to all currencies other than the national currency.

Examples of Foreign Currency in a sentence

• For EFT transactions transmitted by the Customer to branch offices after 16.00 hours, and for Domestic / Foreign Bank Foreign Currency Transfers (Outgoing International Fund Transfers) transmitted by the Customer to branch offices after 17.00 hours, a “late transaction fee” will be added to the then-current normal transaction fee.

• In case of EFTs transmitted by our Customers to our Branches after 16:00 hours, and in case of Domestic / International Bank Foreign Currency Transfers (Outgoing SWIFTs) transmitted by our Customers to our Branches after 17:00 hours, a “late transaction fee” will be added to the previously determined transaction fee.

• The Bank debits the Foreign Currency Credit Account for the TL equivalent over the current foreign currency selling rate on the transaction date of the foreign currencies drawn or paid by the Customer from the account mentioned above and credits the same account for the foreign currencies it deposited over the current foreign currency buying rate on the transaction date.

• Due to the nature of the Credit, the Bank may calculate its foreign currency receivable from the Customer over the current selling rate on that day in quarterly periods or on the termination date of the Foreign Currency Credit Account and add the difference that would occur to the Customer’s debts in case of an increase in the foreign currency selling rates later on.

• Interests, commissions, expenditure taxes, stamp duties, and other taxes and fees and penalties thereof, if any, that would be collected from the Customer and all other expenses and the differences that arise in favor of the Bank due to the increases occurring in the foreign currency selling rates are debited in TL to the Customer’s Foreign Currency Credit Account by the Bank.

• Foreign Currency Indexed Mortgage loan will be repaid in foreign currency or in Turkish Lira within the frame of the conditions which are stated in the “repayment plan” of the loan.

• The Customer agrees, represents, and undertakes to repay this credit by not falling in any way below the Bank’s foreign currency free selling rate on the date when it utilized the credit in case Foreign Currency exchange rates changed against the Bank and the exchange rate on the payment date was lower than the exchange rate on the date of uitilization.

• The Customer agrees and acknowledges that the Bank could index at any time the Credit Indexed to Foreign Currency to another type of foreign currency when it deemed the Customer’s request appropriate or convert it into Turkish Lira or convert TL credit to Credit Indexed to Foreign Currency (provided that it remains within the credit limit).

• PROVISIONS ON ACCOUNTS OPENED IN FOREIGN CURRENCY All payments and transactions related to the accounts of the Customer opened in Foreign Currency (FX) shall be made in the currency in which the account was opened.

• The mortgage loan can be utilized only in Turkish Liras or in Turkish Liras Indexed to Foreign Currency (EUR, USD, GBP etc.).