I am already a participant in the SEAwire program. Do I have to fill out any new forms for the SEAwire program if I elect the Euro conversion option?
While you still have to notify us of your election to have your pay calculated in Euros, you do not have to change your SEAwire program registration except as explained in the next paragraph (unless, of course, your wire instructions have changed). If your U.S. Dollar pay is already being converted into Euros under the SEAwire program, you will now just start receiving your new Euro pay rate every month. If you are receiving your pay in a different currency, such as British Pounds, Canadian Dollars or Australian Dollars, you will continue to receive your pay in those currencies with the actual amount received based on the foreign exchange rate (between the SEAwire elected currency and the Euro, rather than the U.S. Dollar) that is in effect at the time of payment. Some officers are participating in the SEAwire program but having their U.S. Dollars wired directly to a U.S. Dollar account in their home country rather than converted to the SEAwire elected currency. If you elect the Euro c
