FEC Trade Date definition
FEC Trade Date means the date a Foreign Exchange Contract is agreed to between the Bank and Depositor; “FEC Value Date” means the date on which Foreign Currency will be exchanged pursuant to a Foreign Exchange Contract (the FEC Value Date is generally two Business Days after the FEC Trade Date with the exception of Canada where the FEC Value Date is generally one Business Day after the FEC Trade Date); “Foreign Currency” means the currency of a foreign country that is acceptable to the Bank for deposit into a demand deposit account with the Bank, and specifically excludes foreign coins and the Bank notes; “Multi-Currency Transaction Account Authorization” or “Authorization” means any enrollment or informational document or form required or approved by the Bank that is completed, submitted, or executed by or on behalf of the Depositor and that requests the Bank to provide any services in connection with an Account, provides specifications relating to the provision of services in connection with an Account, or provides other information or confirmation relating to Depositor’s use of any Account, as amended from time to time; “Security Device” means, without limitation, any code, password, personal identification number, user identification technology, token, certificate, or other element, means, or method of authentication or identification used in connection with a Security Procedure; and “Security Procedures” means any process or procedure established between Depositor and the Bank for the purpose of verifying that communications, orders, instructions, or inquiries regarding any deposits to or withdrawals from the Account(s) or other transactions involving the Account(s) are those of Depositor, and/or for the purpose of authenticating Depositor or its Agents in connection with Depositor’s use of the Account(s), and/or for the purpose of authorizing transactions and other activity through the use of the Account(s), which process or procedure may or may not involve the use of a Security Device, as set forth in any applicable Authorization. Capitalized terms not otherwise defined in the Agreement shall have the meaning ascribed to those terms in Depositor’s Regions Deposit Account Agreement.