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Forex - Terms and Conditions

Foreign Exchange Agreement - PARTNERS IN PROFIT
and Holiday Extras Forex

Contents:

  • Introduction
  • Schedule 1 - The Services
  • Schedule 2 - Payment
  • Schedule 3 - Administrative matters and termination
  • Schedule 4 - Agreement form

Introduction

This document sets out the exclusive relationship between and Holiday Extras Forex from Monday, August 10, 2020.
Holiday Extras Forex recognises the value of partnership between our companies and the necessity for close liaison to maximise joint opportunities.

Holiday Extras Forex is a partnership between Holiday Extras Ltd and Mrs C A Pack.

Schedule 1

This agreement is made between Holiday Extras Forex whose head office is Newingreen, Hythe, Kent CT21 4JF and whose registered office is , , , , .

The Services

1 Holiday Extras Forex will provide a booking facility for the agent to supply their customer with travellers cheques and/or foreign currency (Foreign Exchange)
2 In supplying Foreign Exchange the agent will follow any advice or requirement given by Holiday Extras Forex concerning the transaction.
3 The agent will place orders with Holiday Extras Forex via Viewdata or the ABC website or by telephone
4 Holiday Extras Forex will arrange for the despatch of Foreign Exchange packets to the agent’s address for next working day delivery for all orders placed by 3.00pm the previous day.
5 Holiday Extras Forex will provide a Foreign Exchange Help Desk by telephone during ABC’s normal working hours for any questions regarding the service
6 Holiday Extras Forex will provide promotional literature to the agent.
7 Holiday Extras Forex will charge a handling fee for all orders that contain Sterling Travellers Cheques and any order below the value of £150. This fee may be varied at any time upon 1 months written notice.

Schedule 2

Payment
1 The agent agrees to pay Holiday Extras Forex an amount equal to the sterling equivalent of the transaction including any commission and handling fees via direct debit on the order date of the Foreign Exchange transaction.
2 The agent will have sole responsibility for collecting payment from customers and any delay or failure to collect payment shall not affect the payment by the agent to Holiday Extras Forex.
3 The agent acknowledges that any funds received for Foreign Exchange orders supplied by Holiday Extras Forex are held in trust by the agent for Holiday Extras Forex until such time as they are collected by Holiday Extras Forex through the BACS service.
4 Holiday Extras Forex agrees to pay the agent 30 days after the end of each month the commission due for each transaction. The level of commission payable as displayed in schedule 4. The arrangement for paying commission may be varied at any time upon 1 months written notice.

Schedule 3

Money Laundering

1 Holiday Extras Forex will act in conformance with the current, and any future, money laundering legislation, or any other relevant Government legislation.
2 The agent will supply Holiday Extras Forex with its Money Laundering Registration Number in accordance with current Money Laundering Legislation.

Indemnity

The agent agrees to indemnify Holiday Extras Forex against any costs arising as a result of data which the agent, his staff or agents supply to Holiday Extras Forex negligently, and any misuse of the agents viewdata system or website, including passwords.

Termination

This agreement begins on the date given on page 1 and continues unless:

It is terminated by either party giving not less than three months written notice to the other party

Immediately in writing either in the event of material breach by the other party which has not been remedied within seven days.

Immediately in the event of either party entering a scheme of arrangement with any of its creditors, going into administration, receivership or liquidation, or ceasing or threatening to cease to trade.

Holiday Extras Forex reserves the right to withdraw the service if there is non-payment of any amounts due by the agent to Holiday Extras Forex, or if significant and unexpected changes occur in foreign exchange market conditions or fiscal legislation

Assignment

Neither party may assign its rights or obligations under this agreement without prior written consent of the other party.

Jurisdiction

This agreement shall be governed by and construed in accordance with the laws of England and Wales, and shall be subject to the exclusive jurisdiction of the English Courts.