Foreign Exchange Department definition

Foreign Exchange Department. It refers to the State Administration of Foreign Exchange and/or other corresponding local branches (as appropriate).
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Examples of Foreign Exchange Department in a sentence

  • Each request for a FX Transaction shall be made by telephone to Bank's Foreign Exchange Department ("Request"), shall specify the Foreign Currency to be purchased or sold, the amount of such Foreign Currency and the Settlement Date.

  • Foreign Exchange Department/ ▇▇▇▇▇ ▇▇▇▇▇ Subject to and in accordance with the provisions hereof, the Escrow Agent agrees to hold the Escrowed Property in the applicable Escrow Ac- count, and the Intermediary agrees that each Escrow Account constitutes a “securities account” (as defined in Section 8-501 of the Uniform Commercial Code in effect in the State of New York on the date hereof (the “New York UCC”)).

  • Withdrawals may be made by instructing the Regions Foreign Exchange Department of the Bank to wire transfer funds from an Account.

  • Per our discussions, the following are the parameters under which Norwest will provide such services: The Foreign Exchange Department of Norwest Bank Minnesota, National Association will transact foreign currency exchange contracts, as described in your loan documentation (the "Loan Documents") with our affiliate, Foothill Capital Corporation ("Foothill").