1 CIBC International Student Pay provides access to all developed market currencies and select growth market currencies. 2 The foreign exchange quote in your preferred currency will remain valid for 72 hours (excluding weekends and Canadian statutory holidays). Should you not proceed with the transaction within this 72 hour period the quote will expire. During this 72 hour period (excluding weekends and Canadian statutory holidays), you will not be able to access CIBC International Student Pay to obtain further quotes.
CIBC Capital Markets is a trademark brand name under which different legal entities provide different services under this umbrella brand. Foreign exchange services are offered by Canadian Imperial Bank of Commerce. Services offered by the Canadian Imperial Bank of Commerce include corporate lending services, foreign exchange, money market instruments, structured notes, interest rate products and OTC derivatives. Other products and services, such as exchange-traded equity and equity options, fixed income securities, are offered through directly or indirectly held subsidiaries of CIBC. CIBC provides payment and foreign exchange solutions to, among others, colleges, universities, education providers and other similar institutions in Canada, including facilitating payment from you to Toronto District School Board. In accepting payments for Toronto District School Board, CIBC acts as a service provider to Toronto District School Board —– not as a service provider to you. In the event you decide to send a payment to an account owned and / or operated by CIBC for transmission to Toronto District School Board, you irrevocably agree that CIBC may accept and act upon the sole instructions of Toronto District School Board with respect to such payment. You are not required to use the Online Platform to pay tuition fees to Toronto District School Board. You are at all times entitled to source Canadian dollars from alternate financial institutions, including your local financial institution. CIBC derives income from the difference (the spread) between the prices at which we buy and sell foreign currency. CIBC’s spreads may differ from time and can change (without prior notice). This spread is reflected in the quote CIBC provides to Toronto District School Board. CIBC may offer Toronto District School Board rebates in connection with the solutions provided, which rebates may not be passed along to you.