TRAVELLERS CHEQUES Sample Clauses
The "Travellers Cheques" clause governs the use, acceptance, and handling of travellers cheques as a form of payment within the context of the agreement. It typically outlines the conditions under which travellers cheques are considered valid, such as requiring proper identification or limiting acceptance to certain currencies or issuers. For example, the clause may specify that only cheques from recognized financial institutions are accepted, or detail procedures for verifying authenticity. The core function of this clause is to provide clear guidelines for both parties on the use of travellers cheques, thereby reducing the risk of fraud and ensuring smooth financial transactions.
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TRAVELLERS CHEQUES. Traveler’s checks can be changed at commercial banks, large city hotels and many other retail establishments.
TRAVELLERS CHEQUES. Each reference number - one count (If member buys US * CDN = two counts)
TRAVELLERS CHEQUES a. If the issuing company provides a replacement service; and/or
b. The loss or theft is not reported immediately to the local branch or agent of the issuing company and ACE is provided with a copy of their written acknowledgement;
TRAVELLERS CHEQUES. 7.1.1 Each beneficiary of Travellers Cheques must sign their own Travellers Cheques as per SARB requirements.
7.1.2 Travellers Cheques are not accepted in all countries. The use of Travellers Cheques may therefore be restricted in accordance with in country legislation. It is the Client’s responsibility that the Client is equated with the necessary in-country restrictions.
7.1.3 The Card Associations have set maximum daily limits for the purchasing of travellers cheques. Such limits have to be adhered to at all times.