BECS Procedures definition
BECS Procedures means the procedures issued by the Australian Payments Network Ltd (ABN 12 055 136 519) that govern the operation of the Bulk Electronic Clearing System. “business day” means any day other than a Saturday, Sunday or Australian public holiday and on which financial institutions are able to effect settlement of payment transactions. “debit payment” means a particular transaction where a debit is made.
BECS Procedures means the Procedures for Bulk Electronic Clearing System Framework (CS2) or any other relevant or replacement procedures which are published by the Australian Payments Network Limited from time to time.
BECS Procedures means the Bulk Electronic Clearing System Procedures as existing from time to time.
Examples of BECS Procedures in a sentence
If the Client provides you with instructions that are in accordance with the terms of the Payment Plan or otherwise consistent with the BECS Procedures, you must promptly comply with those instructions.
If there is any change in, or any change in the interpretation or application of the BECS Procedures or the BECS Regulations, Westpac reserves the right to vary any of the terms of this agreement to the extent necessary to comply with or give effect to any such change.
More Definitions of BECS Procedures
BECS Procedures means the procedures issued by the Australian Payments Network Ltd (ABN 12 055 136 519) that govern the operation of the Bulk Electronic Clearing System.
BECS Procedures means the procedures from time to time of the Bulk Electronic Clearing System, administered by APCA.
BECS Procedures means procedures issued from time to time by AusPayNet and applying to BECS. The BECS Procedures are available at