(a) Computations under this section are for the limited purposes of the section and do not affect computation of the United States dollar equivalent of the money of the judgment for the purpose of payment.
§ 676.11.Computation of United States Dollar Equivalent of Money of Judgment
Title 8.5. Uniform Foreign-Money Claims Act · Enacted 1991 · no amendments on record · Last verified July 28, 2026
In one sentenceSection 676.11 sets a separate, limited method for converting a foreign-money claim into United States dollars solely to size provisional remedies — attachment, garnishment, execution, costs, and bonds — using the spot rate from the banking day before the request is filed, backed by a sworn statement of how the conversion was calculated that shields court officials who rely on it.
Full Text of § 676.11
(b) For the limited purpose of facilitating the enforcement of provisional remedies in an action, the value in United States dollars of assets to be seized or restrained pursuant to a writ of attachment, garnishment, execution, or other legal process, the amount of United States dollars at issue for assessing costs, or the amount of United States dollars involved for a surety bond or other court-required undertaking, shall be ascertained as provided in subdivisions (c) and (d).
(c) A party seeking process, costs, bond, or other undertaking under subdivision (b) shall compute in United States dollars the amount of the foreign money claimed from a bank-offered spot rate prevailing at or near the close of business on the banking day next preceding the filing of a request or application for the issuance of process or for the determination of costs, or an application for a bond or other court-required undertaking.
(d) A party seeking the process, costs, bond, or other undertaking under subdivision (b) shall file with each request or application an affidavit or certificate executed in good faith by its counsel or a bank officer, stating the market quotation used and how it was obtained, and setting forth the calculation. Affected court officials incur no liability, after a filing of the affidavit or certificate, for acting as if the judgment were in the amount of United States dollars stated in the affidavit or certificate.
Plain-English Summary
Provisional remedies like attachment or a required bond have to be sized in dollars before a case is even resolved, so this section supplies a conversion method just for that purpose — one that subdivision (a) expressly doesn't affect how the eventual judgment itself gets paid under § 676.7.
Subdivision (b) lists what this special computation covers: the dollar value of assets to be seized or restrained by attachment, garnishment, execution, or similar process, the dollar amount at stake for assessing costs, and the dollar amount needed for a surety bond or other court-required undertaking. Subdivision (c) sets the conversion itself — a bank-offered spot rate prevailing at or near the close of business on the banking day before the request or application is filed.
Subdivision (d) requires the party seeking that process, cost determination, bond, or undertaking to back up the calculation with a good-faith affidavit or certificate from counsel or a bank officer, stating what market quotation was used, how it was obtained, and the calculation itself. Once that's filed, court officials who act as though the judgment were in the stated dollar amount face no liability for doing so.
Frequently Asked Questions
Why does this section supply a separate conversion method?
Because provisional remedies like attachment and bonds need a dollar figure right away, before a judgment on the foreign-money claim is entered.
What exchange rate is used for this limited purpose?
The bank-offered spot rate at or near the close of business on the banking day before the request or application was filed.
What must accompany a request relying on this conversion?
A good-faith affidavit or certificate from counsel or a bank officer stating the market quotation used and the calculation.
Are court officials liable for relying on that affidavit's dollar figure?
No, they incur no liability for acting as if the judgment were in the stated amount once the affidavit or certificate is filed.
Amendment History
Added by Stats. 1991, Ch. 932, Sec. 1.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 28, 2026.
· Official source
Also known as: attachment foreign money claim californiaprovisional remedy currency conversion