DNBC definition
Examples of DNBC in a sentence
In the event there is a discrepancy between the name of the beneficiary and the account number, the wire transfer shall be executed by the use of the account number The COMPANY understands that the DNBC may elect not to act upon a Wire Transfer request for the COMPANY’S protection, if DNBC is unable to obtain proper verification of the Wire Transfer request deemed satisfactory to the DNBC or if there is any inconsistency between a Wire Transfer request and information previously supplied to DNBC.
Either the DNBC or COMPANY may terminate this Appendix at any time upon prior written notice (10 days prior) to the other, but such termination shall not affect any Wire Transfers executed by the DNBC prior to the effective termination date.
The COMPANY agrees that such advice shall constitute confirmation that a particular Wire Transfer has been executed by the DNBC.
If you request additional Services in the future, they will also be governed by this Agreement, unless we advise you otherwise Equipment/Facility to use DNBC Financial Service.
The COMPANY hereby requests that the DNBC honor its requests to execute Wire Transfers communicated via the System.
Maximum per wire and daily limits on Wire Transfers are established at enrollment and may not be exceeded without prior written authorization from DNBC Financial Canada Limited (“DNBC”).
You acknowledge that it is not possible for the Financial Services provided by DNBC to be totally free from operator, programming or equipment error, and that errors in processing and compiling data may occasionally occur (e.g., due to the failure of others to provide accurate information, telecommunication failures, or a breakdown in an electronic data interchange).
Other than in keeping with the established maximum per wire and daily limits, the DNBC shall be entitled to execute Wire Transfers submitted via the System without regard to the amount(s) of the Wire Transfer(s), the recipient thereof, the account(s) to be credited or charged, or any other matter relating to the Wire Transfer, whether domestic or foreign.
In accordance with legislation of Canada regarding tax administration and prevention of money laundering and terrorist financing, also in order to implement “Know Your Customer” principle, requirements of international treaties and agreements of Canadaregarding administrative cooperation on area of taxation DNBC is required to collect information about a client before entering or proceeding with business relations with the client..
The COMPANY agrees that the DNBC and any subsequent receiving DNBC may execute a wire transfer to a beneficiary in the name of the beneficiary and/or the account number of the beneficiary furnished to the DNBC by the COMPANY.