Common use of Foreign Currency Risks Clause in Contracts

Foreign Currency Risks. You acknowledge that a deposit account denominated in a foreign currency and held outside the United States entails significant risks that are not associated with a deposit account denominated in United States dollars, or with deposits held in the United States. These risks include expropriation of assets we hold in a foreign country which relate to a Multicurrency Account, moratoriums on payments by banks and other obligors where we have deposited assets which relate to Multicurrency Accounts, and the imposition or modification of foreign exchange controls with respect to the foreign currency in which the Multicurrency Account is denominated. These risks depend upon factors over which we have no control, such as economic and political events and the supply of and demand for the foreign currency in which the Multicurrency Account is denominated. We cannot assure you that such events will not restrict or prohibit payment or withdrawal of your deposits. For these and other reasons, it is possible that your Selected Currency would not be available to us on a date we are scheduled to pay you or make a transfer. You should consult your own financial, legal and tax advisors regarding the risks involved in maintaining a deposit account denominated in a foreign currency, including exchange control and exchange rate risks.