Fcis Clause Samples

The FCIs clause defines the terms and conditions related to Foreign Currency Instruments (FCIs) within the agreement. It typically outlines how transactions involving foreign currencies are to be handled, including the procedures for settlement, exchange rate determination, and any associated risks or obligations for the parties involved. For example, it may specify which party bears the risk of currency fluctuations or how disputes regarding currency conversion are resolved. The core practical function of this clause is to allocate risk and provide clarity regarding the handling of foreign currency transactions, thereby reducing uncertainty and potential disputes between the parties.