Hereinafter referred to as Euro Principal or EUR-P
WHEREAS, in consideration of the promises and the mutual covenants, warranties, terms and conditions herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties agree and state that they wish to enter into this agreement for the exchange of United Sates Dollars (USD) for Euros (EUR) under the following terms and conditions:
This currency exchange transaction is a bank to bank transaction, to be executed via SWIFT transmittal transfer upon banks agreement, according to the following terms, conditions and agreed Bank to Bank procedure.
EURO PRINCIPAL’S CURRENCY : EURO (€)
USD PRINCIPAL’S CURRENCY : UNITED STATES DOLLAR ($)