Same Day Value definition

Same Day Value means the transaction to which it is referred is to be executed on the very day it is contracted or agreed.

Same Day Value means that the relevant funds shall be available to the Beneficiary on the same day as the funds transfer has been authorised by us without any loss of value arising between such authorisation and the funds being available for use by the Beneficiary;

Same Day Value means the transaction to which it is referred is to be

Examples of Same Day Value in a sentence

• We will take reasonable steps to ensure that each Same Day Value Payment that you (in a manner which is in compliance with the applicable procedures) instruct us to make and which we accept for execution, is credited to the account of the payee’s bank on the same day that you instruct us to make it and in any event is made within the timeframe specified in Condition12 (o).

• Nordea will process the payment as an International Same Day Value payment but value dates etc must be agreed between the beneficiary and the beneficiary’s bank.

• Provided such notification is received by us no later than 14:00 hrs on any weekday on which banks are open for business in Dublin and Belfast, we shall make payment under this Standby Letter of Credit for Same Day Value on that day or if received after 14.00hrs on the next such weekday in accordance with such notification and shall confirm payment by notifying the Advising Bank by SWIFT.

• Same Day Value Payment means a payment made under our same day value payment service subject to conditions applicable at the time of payment.

• The cut off times for International Payments and Same Day Value Payments are specified at the time of the transaction.

• Upon receipt of a signed Beneficiary Statement in compliance with the above conditions we shall make payment value one working day after receipt, a working day being a day on which banks are open for business in Dublin and Belfast, with funds to be received by Beneficiary for Same Day Value on that day of transfer.

• Payment CurrencyPayment Currency Code Please note that no International Payments can be processed via iBB after 4:00pm.SDV = Same Day Value, subject to the payment being released prior to the associated currency cut-off time.

• Participating Banks shall also promptly communicate upon request their requirements regarding cut-off times and latest day for receipt of Same Day Value Credit Transfers and for those Credit Transfers to be executed in accordance with normal value dating practices.

• Paragraph 15 makes similar insertions into the Civil Partnership Act 2004 and the new power created by 19E(2) is for the same purpose.

• The cut-off time for all payment orders are as follows: - Outgoing (Debits) Payment Orders: 15:00Hrs CET - Incoming (Credits) Payment Orders: 16:00Hrs CET - Internal Transfers between Own Accounts: 16:00Hrs CET - Outgoing Same Day Value Payment Orders: 11:00Hrs CET - Transfers to Third Parties with Accounts held at Sparkasse Bank Malta p.l.c 15:00Hrs CET Payment orders received after the cut-off times will be processed on the next business day.

More Definitions of Same Day Value

Same Day Value means with respect to an individual Credit Transfer, making the funds available to the Beneficiary on the Interbank Value Date.

Same Day Value. (SDV) means the sub-service of the EFT Service where data have to be delivered to the PSO for processing on the business day, which is the action date. The PSO is required to process transactions and submit to the homing bank on the same day. Further, the homing bank shall post the entries to the account of the customer(s) on the same action date;