Banking Functions. Each party shall retain responsibility for all banking functions with respect to all such bank accounts of such party, and the Service Provider shall retain responsibility for all banking functions with respect to all such bank accounts of clients, including performing daily operational activities, account maintenance and contracts with the respective banks, and bank reconciliations. These functions shall be performed in accordance with the applicable standards set forth herein.
Appears in 2 contracts
Sources: Administration Agreement (Wellpoint Health Networks Inc /Ca/), Administration Agreement (Wellpoint Health Networks Inc /Ca/)