What does “Telegraphic” and “Notes” refer to?
“Telegraphic” refers to Telegraphic Transfers exchange rates “Telegraphic we buy” refers to the exchange rates of telegraphic transfers that the Bank may use to convert your foreign currency into Brunei Dollars. e.g. “Telegraphic we buy” for USD is 0.65 or USD 0.65 = BND 1 If you receive a Telegraphic Transfers of USD 650, we buy at the rate provided and you would receive BND1000. “Telegraphic we sell” refers to the exchange rates of telegraphic transfers that the Bank may use to convert your Brunei Dollars into foreign currency. e.g. “Telegraphic we sell” for USD is 1.54 or USD 1 = BND 1.54 If you send a Telegraphic Transfer of BND 1000, you are purchasing USD650 from us and sending it to the beneficiary. “Notes” refer to the Notes exchange rates “Notes we buy” refers to the exchange rates of cash/notes that the Bank may use to convert your foreign currency into Brunei Dollars. e.g. “Notes we buy” for USD is 0.65 or USD 0.65 = BND 1 if you have cash of USD650 we buy USD650 at the rate
