Common use of Recipient Information Clause in Contracts

Recipient Information. You are responsible for ensuring that all information relating to the intended recipient (the “Recipient”) and the bank you have indicated at which the Recipient should receive the Simplii Financial Global Money Transfer (“GMT”) (the “Recipient Bank”) that we or an Intermediary may require, is correct. Neither we nor any Intermediary is responsible for verifying the accuracy of any information you provide, and we and the Recipient Bank may rely solely on an account number or identifying number to complete the GMT. “Intermediary” means any person receiving or handling funds for us or the Recipient including but not limited to other financial institutions (including the Recipient Bank), payment networks and their respective agents and service providers.