DUCA definition
Examples of DUCA in a sentence
Any such hold or investigation is imposed or undertaken by DUCA at DUCA ’s sole discretion and for DUCA ’s sole benefit.
If the Member is not satisfied, the issue will be referred for mediation to either a Financial Institution system dispute resolution service, or if no such service is available, to an external mediator if agreed between the Member and DUCA.
DUCA may, in its sole discretion, amend the terms and conditions of the Account Contract as they relate to the Member’s future use of the Account from time to time, for any reason, without any liability to the Member or any other person.
DUCA, its affiliates, and contractors may earn revenue and commissions, in addition to applicable service charges, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset in the market.
The Member releases DUCA from all claims by the Member or others concerning the regularity or validity of any endorsement or signature.
The Member must notify DUCA of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”).
DUCA can deduct such fees and service charges from the Account (or other accounts of the Member with DUCA) when a service is requested or performed, or as such fees and service charges otherwise become due.
Any deposit made on any day during which DUCA is not open for business, or at any time during which DUCA is not open for business, may be credited to the Account on the next business day of DUCA.
If, at the request of the Member, DUCA agrees to cease providing statements of account for the Account to the Member, the Member acknowledges and agrees that the Member will be responsible to obtain (whether from DUCA or through online banking) and review, in accordance with section 6.3, a statement of account for the Account.
If the Member provides instructions to DUCA on an Account that is denominated in a currency other than the currency of the Account, a conversion of currency may be required.