Customer identification definition

Customer identification means undertaking the process of CDD.

Customer identification means undertaking the process of CDD. Customer Due Diligence (CDD) The Company gets sufficient information necessary to establish, to their satisfaction, the identity of each new customer, whether regular or occasional and the purpose of the intended nature of relationship with an individual or dealing with the individual who is beneficial owner, authorised signatory or the power of attorney holder related to any legal entity. The Company taking note of the provisions of the Circular. The Company will obtain the customer identification information as per the Annexure - I and Annexure - II while undertaking the account based relationship.On-going Due Diligence / Monitoring of Transactions

Customer identification is defined in Section 8.11.2.

Examples of Customer identification in a sentence

• When an 8XX + NXX + XXXX call is originated by an End User, the Company will perform Customer identification based on screening of the full ten-digits of the 8XX number to determine the Customer location to which the call is to be routed.

• The service provides for the forwarding of end user dialed Toll Free calls to a Company Service Switching Point which will initiate a query to the data base to perform the Customer identification and delivery function.

• The service provides for the forwarding of end user dialed Toll Free calls to a Company Service Switching Point which will initiate a query to the database to perform the Customer identification and delivery function.

• When an 8XX + NXX + XXXX call is originated by an end user, the Company will perform Customer identification based on screening of the full ten-digits of the 8XX number to determine the Customer location (Carrier identification Code or destination routing number) to which the call is to be routed.

• Such access is accomplished by entering a unique Customer identification ("Customer ID(s)") and passwords ("Password(s)") assigned to the Customer by Transfer Agent.

• The service provides for the forwarding of end user dialed toll free calls to a Company Service Switching Point which will initiate a query to the database to perform the Customer identification and delivery function.

• Customer identification is to be performed before providing the telephone service as well as before any other banking services / customer registration for various Bank products (electronic services).

• Customer identification information may be retained as necessary for Boeing to provide products and services Customer has requested from Boeing or for Boeing to inform Customer of additional Boeing products and services.

• When an 8NN + NXX + XXXX call is originated by an End User, the Company will perform Customer identification based on screening of the full ten-digits of the 8NN number to determine the Customer location to which the call is to be routed.

• Such access is accomplished by entering a unique Customer identification (“Customer ID(s)”) and passwords (“Password(s)”) assigned to the Customer by Transfer Agent.

More Definitions of Customer identification

Customer identification means identification of the Customer and/or representative thereof in accordance with the procedure established herein and in legal acts in force.

Customer identification means undertaking the process of CDD.viii. “KYC Templates” means templates prepared to facilitate collating and reporting the KYC data to the CKYCR, for individuals and legal entities.ix. “Non-face-to-face customers” means customers who open accounts without visiting the branch/offices of the Company or meeting the officials of the Companyx. “On-going Due Diligence” means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.xi. “Periodic Updation” means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank.xii. “Politically Exposed Persons” (PEPs) are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States/Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporations, important political party officials, etc.xiii. “Regulated Entities” (REs) means

Customer identification means undertaking the process of CDD. “Person” has the same meaning as defined in the Act and includes:

Customer identification means undertaking the process of CDD.“FATCA” means Foreign Account Tax Compliance Act of the United States of America (USA) which, inter alia, requires foreign financial institutions to report about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.

Customer identification. Name: _________________________________________ Property Address: _____________________________ Project Reference: ____________________________ Proposed Distribution Date: ___________________ DEPOSITS: (Certified) (Uncertified) (Cashier's) check(s) and/or wire(s) in the amount (s) of $__________________representing: ______________________________________________. ______________________________________________. ______________________________________________. DOCUMENT(S) DEPOSITS: Type of Documents: ____________________________. ____________________________. ____________________________. CONDITIONS FOR Chicago Title Insurance Company's service as escrow agent:

Customer identification. Program (“CIP”) Services. (a) To help the Trust comply with its Customer Identification Program (which the Trust is required to have under regulations issued under Section 326 of the USA PATRIOT Act) PFPC will do the following: (i) Implement procedures under which new accounts in the Trust are not established unless PFPC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding “Customer” (as defined in 31 CFR 103.131). (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods of verification may consist of non-documentary methods (for which PFPC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which PFPC personnel perform enhanced due diligence to verify the identities of Customers the identities of whom were not successfully verified through the first-level (which will typically be reliance on results obtained from an information vendor) verification process(es). (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 103.131(b)(3). (iv) Regularly report to the Trust about measures taken under (a)-(c) above. (v) If PFPC provides services by which prospective Customers may subscribe for shares in the Trust via the Internet or telephone, work with the Trust to notify prospective Customers, consistent with 31 CFR 103.131(b)(5), about the Trust’s CIP. (vi) Set forth on a separate fee schedule compensation amounts due for these CIP Services. (b) Notwithstanding anything to the contrary, and without expanding the scope of the express language in this Section 17, PFPC need not collect the Data Elements for (or verify) prospective customers (or accounts) beyond the requirements of relevant customer identification program regulations (for example, PFPC will not verify customers opening accounts through NSCC) and PFPC need not perform any task that need not be performed for the Trust to be in compliance with relevant customer identification program regulations. (c) PFPC agrees to permit inspections relating to the CIP Services provided hereunder by U.S. Federal departments or regulatory agencies with appropriate jurisdiction and to make available to examiners...