Credit Transfer Instruction definition

Credit Transfer Instruction means an instruction input by a payer Participant for the effecting of funds transfer to a payee Participant through FPS to settle an obligation of the payer Participant (or one of its customers) to the payee Participant (or one of its customers).
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Credit Transfer Instruction. An instruction given by the Originator to his Bank requesting the execution of a SEPA Credit Transfer. The instruction must be in the form and containing all information requested by the Originator Bank in accordance with the provisions of the SEPA Credit Transfer Scheme Rule Book.
Sample 1

Examples of Credit Transfer Instruction in a sentence

  • Settlement of a Credit Transfer Instruction will be effected across the books of MA pursuant to Rule 3.1.5 by debiting the FPS Ledger Account of the payer Participant (or if the payer Participant is a Clearing Participant, the FPS Ledger Account of its Settlement Participant) for the funds transferred and crediting the same to the FPS Ledger Account of the payee Participant (or if the payee Participant is a Clearing Participant, the FPS Ledger Account of its Settlement Participant).

  • A return of a Credit Transfer Instruction or Direct Debit Instruction may only be initiated by the payee Participant of the funds transfer.

  • If a Credit Transfer Instruction cannot be effected or settled under the above circumstances, the relevant Credit Transfer Instruction will be rejected immediately.

  • Such funds transfer is effected in the form of a Credit Transfer Instruction in accordance with the settlement arrangement stipulated in Rules 6.2.2.1 to 6.2.2.3.

  • Subject to Rule 6.2.1 and Rule 6.2.2.1, a funds transfer initiated by a Credit Transfer Instruction will be settled through FPS immediately upon the completion of its processing.

Related to Credit Transfer Instruction

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

  • Proper Instruction means a writing signed or initialed by one or more person or persons as the Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be deemed to be Proper Instructions if (a) FAS reasonably believes them to have been given by a person previously authorized in Proper Instructions to give such instructions with respect to the transaction involved, and (b) the Investment Company, or the Fund, and FAS promptly cause such oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the Investment Company, or the Fund, and FAS are satisfied that such procedures afford adequate safeguards for the Fund's assets. Proper Instructions may only be amended in writing.

  • Transfer Agent Instruction Letter means the letter from the Company to the Transfer Agent which instructs the Transfer Agent to issue Underlying Shares pursuant to the Transaction Documents, in the form of Exhibit B attached hereto.

  • Proper Instructions means Written Instructions.

  • Irrevocable Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Letter of Acceptance of Tender means letter giving intimation to the tenderer that his tender has been accepted in accordance with the provisions contained in that letter.