FOREIGN CURRENCY CONVERSION definition

FOREIGN CURRENCY CONVERSION. If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. You agree that you will not cause or allow the Card to be used in any manner or for any transaction that we believe poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.
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FOREIGN CURRENCY CONVERSION. For any funds transfer to a beneficiary in a foreign country, the Customer consents to conversion of the funds into foreign currency by the Bank (or Bank’s agents or processors), any correspondent bank or intermediary bank, the beneficiary’s bank, or any other third party reasonably involved in the completion of the funds transfer, at conversion rates generally applied by that converting party. Bank may in its discretion execute the transfer request in the currency of the country of the beneficiary’s financial institution at either Bank’s buying rate of exchange for U.S. dollar transfers or the exchange rate of the beneficiary’s institution. If the transfer is returned for any reason, Customer agrees to accept the refund xx X.X. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses incurred by Bank. Foreign transfers may be subject to delays and changes in foreign currency exchange rates. Fees imposed by intermediary banks may be deducted from the amount of Customer’s transfer. A portion of those fees may be shared with Bank.
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FOREIGN CURRENCY CONVERSION. For any wire transfer to a beneficiary in a foreign country, the Member consents to conversion of the funds into foreign currency by the Credit Union (or Credit Union’s third-party processor), any correspondent bank or intermediary bank, the beneficiary’s bank, or any other third party reasonably involved in the completion of the funds transfer, at conversion rates generally applied by that converting party. Credit Union in its discretion execute the wire transfer request in the currency of the country of the beneficiary’s financial institution at either Bank’s buying rate of exchange for U. S. dollar transfers or the exchange rate of the beneficiary’s institution. If the transfer is returned for any reason, Member agrees to accept the refund in U.S. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses incurred by bank. Foreign transfers may be subject to delays and changes in foreign currency exchange rates. Fees imposed by intermediary banks may be deducted from the amount of the Member’s wire transfer. *Recipient may receive less due to fees charged by recipient’s bank and foreign taxes You have a right to dispute errors in your transaction. If you think there is an error, contact us within 180 days at 504.733.7274 or xxx.xxxxxxxx.xxx. You can also contact us for written explanation of your rights. You can cancel for a full refund within 30 minutes of payment, unless the funds have been picked up or deposited. For questions or complaints about OnPath Federal Credit Union, contact: Consumer Financial Protection Bureau 855.411.2372 or 855.729.2372 (TTY/TDD) xxx.xxxxxxxxxxxxxxx.xxx
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Examples of FOREIGN CURRENCY CONVERSION in a sentence

  • FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount.

  • FOREIGN CURRENCY CONVERSION Transactions made in currencies other than U.S. dollars will be converted to U.S. dollars under the regulations of Visa®, Mastercard®, or the Visa®/Plus® ATM Network.

  • In many cases, SETIs already secure a very high share of the potential local market Some SETIs have inappropriate commercial policies.

  • BASIS OF PREPARATION continued1.3 FOREIGN CURRENCY CONVERSION GUIDE continuedApproximate value of foreign currencies relative to the rand.

  • On that basis, these consolidated financial statements have been prepared on the going concern basis.Refer to note 16 for the detailed going concern assessment.1.3 FOREIGN CURRENCY CONVERSION GUIDEItems included in the financial reports of each entity in the group are measured using the entity’s functional currency.

  • FEES & FOREIGN CURRENCY CONVERSION Fee Amount About the Fee Annual Fee $25 The fee is assessed annually.

  • PRINCIPAL FOREIGN CURRENCY CONVERSION CLOSING RATES GroupGroup20202019Pound Sterling20.06618.554United States of America14.68714.061Euro18.02315.792Botswana Pula1.3591.327Canadian Dollar11.51910.811 31.

  • EXHIBIT C BMX FOREIGN CURRENCY CONVERSION PRACTICES Currency Exchange The currency exchange rates used to convert amounts stated in currencies other than U.S. Dollars to U.S. dollars by Affiliates of BMX shall be as follows.

  • FOREIGN CURRENCY CONVERSION Transactions made in currencies other than U.S. dollars will be converted to U.S. dollars under the regulations of, Mastercard®, or the Visa®/Plus® ATM Network.

  • FOREIGN CURRENCY CONVERSION Foreign Currency Conversion – Purchases.

Related to FOREIGN CURRENCY CONVERSION

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Foreign Currency means any currency or currency unit issued by a government other than the government of the United States of America.

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Designated Foreign Currency means Euros, British pounds, Japanese yen or any other currency (other than Dollars and Canadian Dollars) approved in writing by each of the Lenders and that is freely traded and exchangeable into Dollars.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Foreign Currency Sublimit means $75,000,000.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.