FORWARD CONTRACTS Musterklauseln

FORWARD CONTRACTS. 6.1. Risks Involved. Client acknowledges and agrees that the Foreign Currency markets are volatile. Client expressly accepts the risk that the value of the currencies in a Forward Contract may change between the date of the Order and the Balance Due Date. 6.2. Delivery of Funds. Once Settlement has been received by Corpay with respect to a Forward Contract, Corpay will deliver the funds in accordance with the Order or, if no such Delivery Instruction is provided, will credit Client’s Funding Balance. 6.3. Draw Down. Subject to the Agreement, Client may draw down against a Window Forward Contract during the Delivery Window provided that Corpay has received Settlement in immediately available funds corre- sponding to the amount of the draw down. Notwithstanding any draw down, Client is required to provide full Settlement, or any remaining balance, to Corpay in good, cleared funds in connection with a Forward Contract on or before the end of the Value Date. Corpay may, in its discretion, apply to any draw down any rate of exchange that it deems reasonably appropriate.