Client assets denominated in foreign currencies are deposited by the Bank in its name, but for the account and at the risk of the client, with correspondents within or outside the currency zone in question.

in its name, but for the account - ?

Переводы выражения for the account есть в Лингво и МТ, но затрудняюсь выбрать.

На всякий случай следующее предложение.

In particular, the client shall bear the risk resulting from any legal or administrative restrictions (particularly exchange restrictions), as well as any charges and taxes levied by the countries concerned.