Date Change. Where we agree, you can change the Settlement Date and Delivery Date of a Contract. 1. Description of Service. The Currency Collection Services are the following services: 1.1 The EUR Collection Service is a funds transfer service that allows you to fund your Currencycloud Account in and receive payments in the EEA in EUR. We will issue a Virtual IBAN solely for the purpose of the collection of EUR. 1.2 The GBP Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts in and receive payments in the UK in GBP. We will issue a virtual account number and sort code solely for the purpose of the collection of GBP. 1.3 The CAD Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts in and receive payments in Canada in CAD. We will issue a virtual account number and routing number solely for the purpose of the collection of CAD. 1.4 The SWIFT Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts by receiving currency. This enables you to receive payments in the UK in any available currency. We will issue a SWIFT BIC code solely for the purpose of the collection of currency. 1.5 Once you have received your virtual account details or SWIFT BIC code, you can then provide instructions to your Payers, to use their own banks (or similar financial institutions) to send funds to us on your behalf. When we receive these funds, they will be settled to your Currencycloud Account. 1.6 We may add or remove currencies available in the Currency Collections Service. Where we do this, we will give you seven (7) days’ notice.
Appears in 2 contracts
Sources: Terms of Service, Terms of Service
Date Change. Where we agree, you can change the Settlement Date and Delivery Date of a Contract. You’ll be charged a fee as set out in our Commercial Agreement with your Business Introducer.
1. Description of Service. The Currency Collection Services are the following services:
1.1 The EUR Collection Service is a funds transfer service that allows you to fund your Currencycloud Account in and receive payments in the EEA in EUR. We will issue a Virtual IBAN solely for the purpose of the collection of EUR.
1.2 The GBP Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts in and receive payments in the UK in GBP. We will issue a virtual account number and sort code solely for the purpose of the collection of GBP.
1.3 The CAD Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts in and receive payments in Canada in CAD. We will issue a virtual account number and routing number solely for the purpose of the collection of CAD.
1.4 The SWIFT Collection Service is a funds transfer service that allows you to fund your Currencycloud Accounts by receiving currency. This enables you to receive payments in the UK in any available currency. We will issue a SWIFT BIC code solely for the purpose of the collection of currency.
1.5 Once you have received your virtual account details or SWIFT BIC code, you can then provide instructions to your Payers, to use their own banks (or similar financial institutions) to send funds to us on your behalf. When we receive these funds, they will be settled to your Currencycloud Account.
1.6 We may add or remove currencies available in the Currency Collections Service. Where we do this, we will give you seven (7) days’ notice.
Appears in 1 contract
Sources: Terms of Service