Common use of Exchange Conversion Clause in Contracts

Exchange Conversion. If a Transaction is executed not in the same the currency as the funds in your Account, you agree to bear all risks for exchange rate fluctuation and any profit or loss arising thereof, and your Account will accordingly be credited or debited (as the case may be) at the exchange rate adopted by the relevant bank at the material time. The Account(s) shall be in Hong Kong Dollars or such other currencies as the Company may agree from time to time and in the event that the Client instructs the Company to effect any sale or purchase of securities in a currency other than Hong Kong Dollars, any profit or loss arising as a result of fluctuation in the exchange rate of the relevant currencies will be for the account of the Client solely. Any conversion from one currency into another required to be made for performing any action or step taken by the Company under this Agreement may be effected by the Company in such manner and at such time as it may in its absolute discretion decide. All payments to be made by the Client to the Company in a currency other than Hong Kong Dollars shall be in freely transferable and immediately available funds clear of any taxes, charges or payments of any nature when received by the Company.