Exchange rate for Madrid Protocol Application fees paid via a UK deposit account

Customers who hold a deposit account with us can pay fees in sterling, by cheque or by deduction from their account. The exchange rate for Madrid applications we receive in February 2012 will be:

GBP £1 = 1.4389 Swiss Francs

Please note that if the fees required by WIPO are more than those paid, we will deduct the additional sum from the customer's deposit account; the rate of exchange applied will be that prevailing at the time.

Any monies subsequently returned by WIPO will be immediately credited to the deposit account, again, using the current rate of exchange. Customers will be notified if this happens.