Manual Foreign Currency: Foreign Currency Cash Account Sample Clauses

Manual Foreign Currency: Foreign Currency Cash Account. Subject to what option is available to Client (as visible on the WebTrader), if a Foreign Currency Cash Account is available to Client, Client may instruct DEGIRO through WebTrader not to provide the service AutoFX. Client is then able to buy and sell money in such Foreign Currency to use for securities transactions (e.g. placing of Orders). Client may have more than one Foreign Currency Cash Account in different Foreign Currency (subject to what is available to Client, as visible on the WebTrader) but only one Foreign Currency Cash Account in a specific Foreign Currency. Any Foreign Currency not used on a Trading Day will be transferred automatically by DEGIRO to the relevant Foreign Currency Cash Account. If client makes use of the Foreign Currency Cash Account, it is the responsibility of Client to timely have available sufficient balance in the Foreign Currency Cash Account in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency. Withdrawals to the Reference Account are only possible in Local Currency from the Local Currency Cash Account. Please note that any Foreign Currency Cash Account(s) will operate under the conditions of article 6.6.2 above – in case of conflict the rules of this article 6.7.4 shall take precedence.
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Manual Foreign Currency: Foreign Currency Cash Account. Subject to what option is available to the Client (as visible on the Trading Platform), if a Foreign Currency Cash Account is available to the Client, the Client may instruct DEGIRO through Trading Platform to provide the Client with the service Manual. The Client is then able to buy and sell money in such Foreign Currency to use for securities transactions (e.g. placing of Orders). The Client may have more than one Foreign Currency Cash Account in different Foreign Currency (subject to what is available to the Client, as visible on the Trading Platform) but only one Foreign Currency Cash Account in a specific Foreign Currency. Any Foreign Currency not used on a Trading Day will be transferred automatically by DEGIRO to the relevant Foreign Currency Cash Account. If the Client makes use of the Foreign Currency Cash Account, it is the responsibility of the Client to timely have available sufficient balance in the Foreign Currency Cash Account in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency. Withdrawals to the Reference Account are only possible in Local Currency from the Local Currency Cash Account. Please note that any Foreign Currency Cash Account(s) will operate under the conditions of Article 10 (Balance (Money)) above – in case of conflict the rules of this article 11.4 (Manual Foreign Currency: Foreign Currency Cash Account) shall take precedence.
Sample 1

Related to Manual Foreign Currency: Foreign Currency Cash Account

  • IN FOREIGN CURRENCIES If you make a charge or receive a refund in a currency other than Canadian dollars that charge or refund will be converted into Canadian dollars by our currency conversion affiliate, AE Exposure Management Limited (AEEML). The conversion will take place on the date the charge or refund is processed by us, which may not be the same date on which you made your charge or received your refund as it depends on when the charge or refund was submitted to us. This means that the exchange rate used by AEEML may differ from the rate that is in effect on the date of your transaction or refund. Exchange rate fluctuations can be significant. This conversion rate is set by AEEML on each weekday except January 1 and December 25 (each, a rate selection day). If the charge or refund is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the charge or refund amount into U.S. dollars and then by converting the U.S. dollar amount into Canadian dollars. If the charge or refund is in U.S. dollars, it will be converted directly into Canadian dollars. Conversion commissions we apply to original charges will not be returned on refunds. Conversion rates applied to refunds may differ from conversion rates applied to original charges. As a result, the amount of the refund will generally differ from the amount of the original charge. However, we do not charge an additional currency conversion commission on a refund. Unless a specific exchange rate is either required by law, or is used as a matter of local custom or convention (in which case AEEML will look to be consistent with that custom or convention), AEEML’s conversion rates are based on interbank rates selected from customary industry sources on the rate selection day prior to the processing date, which we increase by a single conversion commission as specified in the information box and disclosure statement or as otherwise disclosed by us. If charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates selected by them and may include a commission or charge, also selected by the third party. It is your decision whether to use the third party currency conversion or not. You should check the rates and charges before completing the transaction. When a transaction is converted by a third party and is submitted to us in Canadian dollars, we will not apply a currency conversion commission.

  • Foreign Currency The term “

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and MasterCard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. MasterCard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. MasterCard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert:

  • Foreign Currency Transactions If the Depositor provides instructions to the Financial Institution on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required. In all such Transactions and at any time a conversion of currency is made, the Financial Institution may act as principal with the Depositor in converting the currency at rates established or determined by the Financial Institution, affiliated parties, or parties with whom the Financial Institution contracts. The Financial Institution, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.

  • Canadian Currency All monies payable to or from this plan shall be payable in Canada in Canadian currency.

  • Currencies 46.1 All payments shall be made in Indian Rupees.

  • Foreign Transactions; Currency Conversion Purchases and cash advances made in foreign currencies will be billed to you in U.S. dollars. The conversion rate in dollars will be a rate selected by the card company from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate the card company itself receives, or the government-mandated rate in effect for the applicable central processing date in each instance. All transactions processed outside of the United States (which may include internet transactions) will be charged a foreign transaction fee in the amount disclosed on your Truth-in-Lending Statement (as amended from time to time).

  • Canadian Dollars All references herein to dollar amounts are to lawful money of Canada.

  • Currency All sums of money which are referred to in this Agreement are expressed in lawful money of Canada, unless otherwise specified.

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