Currency Balances & Foreign Exchange Terms and Conditions

Thank you for using our currency services which are governed by these Terms & Conditions. Please read them carefully.

1 You acknowledge and agree that unless otherwise agreed in writing by you and The Currency Account any currencies you hold in your account shall be held in bank accounts maintained by and in the name of, Wirepayer Limited and at the financial institution or institutions of Wirepayer Limited's choice and that balances shall be combined with the funds of other customers of Wirepayer Limited. You acknowledge that The Currency Account may, in its sole discretion, limit the number of balances that you may hold, maintain or acquire.

2 Your access to The Currency Account exchange rates shall be through the use of your log in details including password and PIN. All electronic communications, transmissions, instructions, information, processes, data, orders or other communications received through the system, or via email which The Currency Account reasonably believes originated from the email address registered to your Account, whether entered by you or another person, may be relied upon by The Currency Account as a valid and authentic communication from you and, where applicable, as authority to enter into Transactions with you. You acknowledge and agree that such electronic communication will be binding on you, shall constitute your electronic signature and will be given the same legal effect as a written and signed paper communication. You agree that such form of electronic communication is valid and you will not contest the validity of the electronic records or any paper or electronic copies of such electronic records, absent proof of altered data or tampering.

3 The Currency Account will make available to you, via the system, the Exchange Rates at which there is an offer to enter into Trades. Each Exchange Rate is valid only on the exact date and at the exact time that such Exchange Rate is presented to you. You acknowledge that in a rapidly changing market the Exchange Rate presented to you on the system may no longer remain in effect at the time your Order is executed at the server and you agree that any Trade resulting from the execution of such Order shall be at the Exchange Rate in effect at the time such Order is executed at The Currency Account's server. The Currency Account makes no warranty, express or implied, that the Exchange Rates represent exchange rates available elsewhere in the market.

4 Subject to your Account having sufficient balances, The Currency Account will use reasonable commercial efforts to execute any Order you submit to The Currency Account through the system, in accordance with its terms and at the prevailing Exchange Rate at the time such Order is received at the server. The Currency Account will have no obligation to execute any Order.

5 Spreads may widen or narrow at any time. You acknowledge that markets are not static and changes in such markets, news announcements, political events and periods of low liquidity, may result in widened Spreads. You acknowledge that Spreads may widen at any time and there is no limit to how wide the Spread may be.

6 In the event of a market disruption, closure, or Force Majeure, The Currency Account may do one or more of the following:

• Halt access to the system
• Prevent you from making a Transaction;
• Refuse to accept any Order that has not been executed

Following any such event, when pricing resumes, you acknowledge that Rates may differ significantly from those Rates that were available prior to the halt in trading.

7 Reversing and Amending Transactions:
7.1 The Currency Account reserves the right to take corrective action for Invalid Transactions as permitted by law or regulation, including, without limitation, the right to reverse or amend:

• any Invalid Transaction; or
• any or all Trades executed subsequent to the execution of an Invalid Transaction and prior to The Currency Account's corrective action.

In the event that The Currency Account reverses or amends any Trade, The Currency Account shall use reasonable commercial efforts, where possible, to restore your Account to the status it would have had if such Invalid Transaction had not been executed, or had been correctly executed, as the case may be. The fact that The Currency Account has confirmed any Trade(s), shall not act as a bar to prevent The Currency Account from taking corrective action to reverse or amend such Trade(s).

7.2 Notwithstanding anything to the contrary in this Agreement and to the maximum extent permitted by law, The Currency Account will not be liable to you for any loss or damage you may suffer or incur as a result of:

• The Currency Account's refusal to execute any Transaction;
• any Account adjustment (including without limitation, the reversal or amendment of any Transaction);
• any failure, delay or error in executing or confirming any Transaction; or
• The Currency Account exercising or failing to exercise its rights under this Agreement

Weekend Trading

During the weekend you may not be able to exchange currency at the usual preferential spreads as the global financial markets close. Spread will typically widen.