Fedwire means the funds transfer system used to transfer reserve balances for immediately available credit among the member banks of the United States Federal Reserve System.
Fedwire means the funds transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by the Fedwire Regulation.
Fedwire means any transaction originated by the holder and utilizing the national electronic payment system to transfer funds through federal reserve banks, pursuant to which the holder debits its own bank account and credits the state's bank account.
Examples of Fedwire in a sentence
If applicable, the Fedwire Transfer System telegraphic abbreviation of the Contractor’s financial agent.
The Government may make payment by EFT through either the Automated Clearing House (ACH) network, subject to the rules of the National Automated Clearing House Association, or the Fedwire Transfer System.
FTS enables Clients to electronically transmit authenticated Fedwire, CHIPS or internal book transfer instructions to State Street.
These payments result from transactions between the Reserve Banks and transactions that involve depository institution accounts held by other Reserve Banks, such as Fedwire funds and securities transfers and check and ACH transactions.
Fedwire transactions are subject to Federal Reserve Board Regulation J.
More Definitions of Fedwire
Fedwire means the funds transfer system owned and operated by the FRBs.
Fedwire has the meaning set forth in Section 7.01(b) (Overcollateralization Default Event).
Fedwire refers to the real-time gross settlement system operated by the Federal Reserve Banks;
Fedwire means the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by Subpart B of Regulation J of the Board of Governors of the Federal Reserve. Xxxxxxx does not include the system for making ACH transfers. This Agreement contains several notices which the Credit Union is required to provide to me and establishes other terms of agreement which will apply to all funds transfers which involve me and the Credit Union. Using the Credit Union to send or receive funds transfers will constitute my acceptance of all of the terms and conditions contained in this Agreement. To the extent that the terms contained in this Agreement are different than those in any other agreement or terms of account, this Agreement will control and be deemed to modify such other agreements or terms of account. If any part of this Agreement is invalid, illegal, or unenforceable, the remaining provisions will remain in full force and effect.
Fedwire means the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by Subpart B of Regulation J of the Board of Governors of the Federal Reserve. Fedwire does not include the system for making ACH transfers.
Fedwire means the funds transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by the Fedwire Regulations.
Fedwire means the system for the transfer of money operated by the Federal Reserve System of the United States of America.