Foreign Exchange Service Clause Samples
The Foreign Exchange Service clause defines the terms under which parties may conduct currency conversions as part of their contractual relationship. It typically outlines the procedures for requesting foreign exchange transactions, specifies applicable exchange rates, and may detail any associated fees or settlement timelines. This clause ensures that both parties understand how currency conversions will be handled, reducing the risk of disputes over exchange rates or payment amounts when dealing with international transactions.
Foreign Exchange Service. The following provisions will apply to the Foreign Exchange Service
Foreign Exchange Service. Foreign exchange service provides for the extension of dial tone from one telephone exchange area to a County facility in another telephone exchange area. Contractor shall provide the local loop, inter/intra exchange facilities, and exchange switching services to provide foreign exchange service. Service is only available within Contractor’s franchise territory.
Foreign Exchange Service. OnPay provides foreign exchange service. Each foreign exchange transaction is a separate contract between you and us. The funds held on your behalf can be converted into selected available currencies for payment or withdrawal to your bank account, respectively. Any foreign exchange transaction order (buy or sell) can only be made by you through your OnPay account. We will confirm the key details via email, SMS or message from your OnPay account, including the amount of the currency bought and sold, the quoted exchange rate and any Related fees or transmission costs. You must accept all the provided terms through your OnPay account, and you can only use the funds available in your account for any foreign exchange transactions. time to time without notice. At any time, OnPay does not support foreign exchange transactions for investment or speculative purposes, such as trying to profit from exchange rate fluctuations. If this is your intention, you must inform us. If we have reason to believe that you use any foreign exchange transactions for investment or speculative purposes, we may refuse to correspond to you and/ or suspend access to or close your OnPay account without prior notice. OnPay is not obligated to accept your instructions to conduct foreign exchange transactions, and reserves the right to refuse specific foreign exchange transactions with you. Accepting our offer does not automatically guarantee that we have accepted the exchange. Only confirmation emails or messages are allowed. Once the redemption request is initiated and confirmed through your online OnPay account, if we have already sent you a confirmation email or message and started the redemption process, it cannot be cancelled.
Foreign Exchange Service. A classification of exchange service furnished to a subscriber from an exchange other than the one from which he would normally be served.