SFMS definition

SFMS means the Structured Financial Messaging Solution provided by IDRBT.
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SFMS and together with SF, "Sellers" and each, a "Seller").
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SFMS means Structured Financial Messaging System.
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Examples of SFMS in a sentence

  • This BANK GUARANTEE shall be effective only when the Bank Guarantee issuance message is transmitted by the issuing Bank through SFMS to IDFC First Bank and a confirmation in this regard is received by SECI.

  • The confirmation of issuance of BG through SFMS from Advising Bank shall be obtained through electronically as well as print out of the said message from Advising Bank with seal and signature.

  • SFMS FOR BG AUTHENTICITY IS TO BE SENT BY THE ISSUING BANK TO VEDANTA’s BANK (Advising Bank of SFMS).

  • A vendor who wishes to submit a bank guarantee (BG) towards ▇▇▇▇▇▇▇ money Deposit (EMD)/Security Deposit (SD)/Composite Performance Bank Guarantee (CPBG)/Advances/ towards any other requirement of the tender, is required to ensure that the issuing bank is on SFMS platform.

  • However, the paper BG would be operative only on receipt of a separate advice through SFMS and confirmed by the Advising Bank (i.e. Beneficiary Bank).

  • The above particulars are to be incorporated by the Issuing Bank properly while issuing BG under SFMS mode to avoid any problem in future.

  • This BANK GUARANTEE shall be effective only when the Bank Guarantee issuance message is transmitted by the issuing Bank through SFMS to IDFC First bank and a confirmation in this regard is received by SECI.

  • Bank Guarantee shall be irrevocable and it shall be issued by any Indian Nationalized Bank/Scheduled Bank on Structured Financial Messaging System (SFMS) platform which is payable / enforceable at ……..

  • Bidder will be required to submit SFMS BG towards Performance Security along with SFMS delivery report /message copy which has been transmitted to ONGC’s bank by BG issuing bank through SFMS system.

  • Bank shall issue the Bank Guarantee through SFMS system and send SFMS message to ONGC's Bank confirming the authenticity of Bank Guarantee.


More Definitions of SFMS

SFMS means Single Family Management System, the online system used by IHCDA to manage the Program.
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SFMS shall have the meaning set forth in the first paragraph of this Agreement.
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Related to SFMS

  • GMS means the automated system, or its successor system, employed by SCE real time operations to remotely monitor and dispatch the Generating Facility.

  • FMS Means the provision by Cartrack to the Client of a real-time web-based system whereby the Client is able to position, monitor and obtain reports covering various aspects of driver and vehicle performance. This Service only applies where a GPS fleet management Unit is installed and is limited to the Territory, except if the Product specifically incorporates international data roaming, in which case the roaming data service will be provided in specified countries.

  • CMS means the Centers for Medicare and Medicaid Services.

  • THC means tetrahydrocannabinol.

  • APS means the shares of APS being auctioned pursuant to this Section 11.10.