How will PAR communicate the new exchange rate to Dq Treat participating locations in Canada?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
On January 1 (or the next business day) of each year thereafter, the new exchange rate shall be determined based on an
average of the spot rate over the prior calendar year (January 1 – December 31) of USD/CAD by the Wall Street Journal as reported by on http://www.wsj.com/public/page/news-currency-currencies-trading.html and communicated to Participating Location in writing via email within five (5) days of such determination. The new exchange rate will be calculated on an annual basis for the remainder of the Term of your Participation Agreement. The annually calculated new exchange rate will take effect February 1 of the then current calendar year, and will apply to purchases of Equipment, Installation Services, existing and new purchases of Subscription Software Services, existing and new purchases of PARPay Services, existing and new purchases of Advance Exchange Services, and existing and new purchases of On-Site Remedial Maintenance Services.
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to Dq Treat's 2025 Franchise Disclosure Document, PAR will communicate the new USD/CAD exchange rate to participating Canadian locations in writing via email. This communication will occur within five days of the determination of the new exchange rate.
The exchange rate is revised annually, with the new rate determined on January 1st (or the next business day) of each year. The rate is based on an average of the spot rate over the prior calendar year (January 1 – December 31) as reported by the Wall Street Journal. The specific source for this data is http://www.wsj.com/public/page/news-currency-currencies-trading.html.
The new exchange rate takes effect on February 1 of the current calendar year. This rate will then apply to purchases of equipment, installation services, existing and new purchases of subscription software services, PARPay Services, Advance Exchange Services, and On-Site Remedial Maintenance Services for the remainder of the Participation Agreement term. This ensures that Canadian franchisees paying in CAD have a consistent and predictable exchange rate for these services over the year.