Common use of Foreign Currency Drafts Clause in Contracts

Foreign Currency Drafts. AFEX may agree to purchase and convert a Foreign Currency draft(s) that Client has received in its name and delivered to AFEX. AFEX may request additional information satisfactory to AFEX, in its sole discretion, that Client has the authority to deliver the Foreign Currency draft to AFEX for purposes of Foreign Currency conversion and negotiation.

Foreign Currency Drafts. AFEX may agree to purchase and convert a Foreign Currency draft(s) that Client has received in its name and delivered to AFEX. AFEX may request additional information satisfactory to AFEX, in its sole discretion, that Client has the authority to deliver the Foreign Currency draft to AFEX for purposes of Foreign Currency conversion and negotiation.. BUS_ACC_OPEN_IR_1219_EC