City National Bank, its affiliates and subsidiaries, as a matter of policy, does not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax, and accounting are subject to change and open to varying interpretations. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented taking into account your own particular circumstances.
1. AgilLink is an RBC company and is an affiliate of City National Bank.
2. Exactuals is an RBC company and a wholly-owned subsidiary of City National Bank.
3. All loans, lines of credit, credit cards and other types of financing are subject to credit approval by City National Bank. Residential Mortgages are subject to credit and property review and approval. Additional terms and conditions apply. Not all applicants will qualify. Home equity lines of credit are not available in Texas.
4. Aircraft financing is subject to credit approval by and the submission of documentation acceptable to First American Equipment Finance. Equipment financing and leasing are offered by First American Equipment Finance, a subsidiary of City National Bank, and are subject to credit approval by, and documentation acceptable to, First American Equipment Finance. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license.
5. While Foreign Currency Deposit Accounts are FDIC insured up to allowable limits, they are subject to exchange rate risk. Exchange rate risk is the risk of fluctuations or change in the value of the foreign currency, which are inherent in foreign exchange markets. Foreign currency valuation may be impacted by numerous economic, political and social factors as well as supply and demand and government intervention, control and adjustment. Clients should be aware of the risks involved and are solely responsible for any and all decisions relative to foreign currency transactions.
Foreign exchange services and products are subject to applicable credit approval, legal and regulatory requirements and credit eligibility and suitability requirements.
Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. For an international wire transfer, other financial institutions involved in the wire transfer may also charge fees and deduct their fees from the amount of the wire transfer. For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient's financial institution, foreign taxes, and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the City National Bank rate.
Foreign currency is sold or purchased at City National's announced rates. Foreign currency returned following delivery will be repurchased at City National's then announced purchase rate. A service charge may apply on a transaction under a stated U.S. dollar amount. Orders for foreign currency canceled following confirmation but before delivery are subject to reversal at City National's then current purchase rate. Special orders for foreign currency not carried in stock must be prepaid. Other transaction minimums and service fees may apply. Ask us for details.
