BECS Procedures definition

BECS Procedures means the Bulk Electronic Clearing System Procedures as existing from time to time
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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.
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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.
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Examples of BECS Procedures in a sentence

  • Indemnity You indemnify us for any loss or damage we suffer in connection with a claim against us by any other person arising (directly or indirectly) from any claim lodged in respect of any contribution payment for the determination in accordance with the BECS Procedures, except to the extent directly caused or contributed to by our fraud, negligence or willful misconduct.

  • You must comply with the Sponsorship Agreement you have with your Sponsor Financial Institution and with the BECS Procedures regarding your responsibilities as a Debit User.

  • The BECS Procedures, of course, are not law and therefore cannot affect any legal liability an ADI may have to a third party.

  • Your Sponsorship Agreement and the BECS Procedures take priority if there are any inconsistencies.

  • We understand the BECS Procedures allow receiving ADIs to process a transaction based on account number details only.

  • Some industry participants argue that any inconsistency between account name details and account number details does not constitute notice of a mistake because BECS Procedures allow receiving ADIs to process transactions using account number details only.

  • They must comply with the BECS Procedures and with your Identity and Access Management Policy.

  • It was asked for the year previous to the interview, but if people had been self-employed for a shorter period, profits were adjusted accordingly.

  • Where the Customer is provided with their own credit user ID to make payments to other Australian domiciled bank accounts, they shall comply with the BECS Procedures and BECS Regulations available atwww.apca.com.au.

  • This Part is consistent with the obligations set out in the Bulk Electronic Clearing Systems Procedures (BECS Procedures).


More Definitions of BECS Procedures

BECS Procedures means procedures issued from time to time by AusPayNet and applying to BECS. The BECS Procedures are available at
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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.
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BECS Procedures means the procedures from time to time of the Bulk Electronic Clearing System, administered by APCA.
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Related to BECS Procedures

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Bidding Procedures means the bidding procedures approved by the Bankruptcy Court pursuant to the Bidding Procedures Order.

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Associated Procedures means those procedures and/or statements that have been adopted by the Underwriter, the Adviser, a Fund or the Compliance Department, and which are designed to supplement this Code and its provisions.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Change Control Procedures Has the meaning given in Section 9.6(a) of the Agreement. Change Management or Change Management Process Means the processes relating to planning and performing all changes in DIR Customer's IT environment pertaining to the Services, including changes to individual components and coordination of changes across all components. The Change Management processes will support and include checkpoints to determine any potential or required Change Control Procedures. Chargeback Has the meaning given in Exhibit 4 of the Agreement.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Applicable Depositary Procedures means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time.

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards, if known, in place at the time of the occurrence.

  • Standard Operating Procedures or “SOP” means the procedures as specified in the Annexes or Attachments to the relevant Schedules;

  • Procedures Manual means the standards and procedures manual described in Section 11.3.