Funds-transfer system definition

Funds-transfer system means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.
Funds-transfer system means a wire transfer network, automated clearing house or other communication system of a clearing house or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed; and[PL 2009, c. 325, Pt. B, §17 (AMD); PL 2009, c. 325, Pt. B, §27 (AFF).]
Funds-transfer system means a formal arrangement, based on private contract or statute law among participants, with common rules and standardised arrangements for the transmission and settlement of money obligations arising among the participants;

More Definitions of Funds-transfer system

Funds-transfer system means the Banking System, the Billing System and the Information Systems;
Funds-transfer system means a wire transfer network, automated
Funds-transfer system means a wire transfer network, automated clearing house or other communication system of a clearing house or other association of banks through which a payment
Funds-transfer system means a wire
Funds-transfer system means the wire transfer network through which a wire transfer request will be transmitted.
Funds-transfer system means a wire transfer
Funds-transfer system has the meaning given to that term in Section 1.1 of Schedule 11;