Examples of Designated Financial Institution in a sentence
The Designated Financial Institution will maintain strict control and supervision over the relevant bank account and will automatically debit the rental fee (the amount of which is equal to the principal and interest of the Bank Loans) from the relevant bank account to its own account on the same day or the next day of the date of payment of each rental fee.
PAP Category: BUSINESS Benecaid Group Number (for existing clients): Company Name: Company Street Address: Unit #: City: Province: Postal Code: Phone Number: Designated Financial Institution: FI Code: Transit: Account: (3 digits) (5 digits) Name of Signing Officer(s): Authorized Signature(s): PLEASE ATTACH A VOID CHEQUE Benecaid Health Benefits Solutions Inc.
Pursuant to IRS Notice 98-4, Q&A J-4, if the Custodian is the Designated Financial Institution (DFI) and the Participant timely elects that his or her balance be transferred without cost or penalty to another SIMPLE IRA in accordance with the provisions described in the accompanying SIMPLE IRA Disclosure Statement, the Custodian reserves the right to restrict the participant's choice of investment alternatives as determined by the Custodian.