Common use of Foreign Exchange Risk Clause in Contracts

Foreign Exchange Risk. If Customer directs Xxxxxxxxxx to enter into any transaction which is effected in a foreign currency or if funds provided by Customer involve the use of a foreign currency, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for Customer’s account and risk. All initial and subsequent deposits for margin purposes shall be made in U.S. dollars, unless otherwise requested in writing by Xxxxxxxx, and written approval from Xxxxxxxxxx is obtained. Xxxxxxxxxx is authorized to convert funds in Customer’s account (s) into and from the relevant foreign currency at the rate of exchange plus appropriate fees, obtained from Xxxxxxxxxx or Xxxxxxxxxx’x banker.

Foreign Exchange Risk. If Customer Client directs Xxxxxxxxxx X.X. X’Xxxxx to enter into any transaction which is effected in a foreign currency or if funds provided by Customer Client involve the use of a foreign currency, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for CustomerClient’s account and risk. All initial and subsequent deposits for margin purposes shall be made in U.S. dollars, dollars unless otherwise requested approved in writing by Xxxxxxxx, and written approval from Xxxxxxxxxx is obtainedX.X. X’Xxxxx. Xxxxxxxxxx X.X. X’Xxxxx is authorized to convert funds in Customer’s account (s) the Account into and from the relevant foreign currency at the rate of exchange obtained from X.X. X’Xxxxx or X.X. X’Xxxxx’x bank plus appropriate fees, obtained from Xxxxxxxxxx or Xxxxxxxxxx’x banker.