Clearing Service definition
Examples of Clearing Service in a sentence
The SERVICE PROVIDER shall accept payment electronically via the Banks Automated Clearing Service (BACS).
You may also authorise the Bank through the Electronic Clearing Service (ECS) / Pay Online using other Bank Account introduced by the Reserve Bank of India to directly debit the account maintained with the Bank or any other bank and credit your Card Account.
You have the right to withdraw the ECS /Auto Debit mandate by giving Us at least 15 days’ notice before the due date of next premium due under the Policy The term ECS / Auto Debit herein shall be governed by the Electronic Clearing Service (Debit) Procedural Guidelines issued by the Reserve Bank of India (as may be amended from time to time) and shall mean an electronic facility for effecting periodic insurance premium payment transactions in an automated manner.
The Borrower shall execute requisite mandate for registering Standing Instructions/ National Automated Clearing House Instructions (“NACH”)/ Electronic Clearing Service Instructions (“ECS”)/ Standing Instructions (“SI”), in this regard.
You consent to us providing information we receive from you to the STP Data Clearing Service as necessary for the purposes of this Agreement and to the STP Data Clearing Service using that information for those purposes.
PEMIs and EMIs may be repaid through post dated cheques (PDCs), Electronic Transfer (NEFT) or the Clearing Service (ECS/ACH) method.
The Bank may, at its discretion, permit payment through National Automated Clearing House Instructions (“NACH”) or Electronic Clearing Service Instructions (“ECS”) or Standing Instructions (“SI”) linked to the Borrower’s account with the Bank or through any other mode.
In the event of a market loss, you specifically authorize Clearing Service to charge your account to recover any market loss it incurs due to a cancellation.
The Lender may, at its discretion, permit payment through National Automated Clearing House Instructions ("NACH") or Electronic Clearing Service Instructions ("ECS") or Standing Instructions ("SI") linked to the Borrower's account with the Lender or through any other mode.
The Client agrees to transfer to the Firm on demand (and no later than any deadline specified by the Firm) such amounts by way of margin as are required from time to time under the Rules applicable to any Clearing Service (or any relevant Infrastructure) or as the Firm may require.