GD Banks definition

GD Banks means bodies corporate which are authorised or licensed under applicable law in Guangdong Province in relation to the clearing of GD Cheques and, Paper Cheques and e-Cheques drawn on Members relating to the Guangdong Province, to offer and operate current accounts from which withdrawals, and into which deposits, can be made by use of cheques and e-Cheques.
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GD Banks means bodies corporate which are authorised or licensed under applicable law in Guangdong
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Examples of GD Banks in a sentence

  • Amounts payable by Members to GD Banks are regarded to have been paid when credit has been given to the relevant GD Agent in respect of such amounts in a settlement through the Clearing House.

  • In relation to Paper Cheques payable to GD Banks, references in these Rules to the presenting Member are references to the relevant GD Agent.

  • Members and each GD Agent (for relevant GD Banks) shall not return Paper Cheques unpaid on the ground that they do not bear the appropriate stamp, but shall liaise with the relevant Group A Member or HKICL (as appropriate) for confirmation.

  • In relation to GD Cheques or Paper Cheques payable by or to GD Banks, references in these Rules to amounts payable by or to a Member where that Member is a GD Agent include references to the amounts payable by or to the relevant GD Banks (which amounts shall be paid by or to the relevant GD Agent).

  • In relation to e-Cheques payable to GD Banks, references in these Rules to amounts payable to a Member where that Member is a GD Agent include references to the amounts payable to the relevant GD Banks (which amounts shall be paid to the relevant GD Agent).

  • Notification of GD Bank default after 12:45 hours on a day (D) will not affect the settlement of day D-1 GD Cheques.Before 12:45 hours(b) The relevant GD Settlement Centre will provide to the relevant GD Agent details of the GD Cheques (“Default Transactions”) relating to the Default GD Bank(s).

  • In relation to e-Cheques payable to GD Banks, references in these Rules to the presenting Member are references to the relevant GD Agent.

  • The following provisions apply in the event that one or more GD Banks are in default (“Default GD Bank(s)”): EventTIME at which the Event is to occur(a) The relevant GD Settlement Centre will notify the relevant GD Agent and the relevant GD Agent will notify HKICL.

  • The above provisions apply to GD Cheques, except that the "all or none" principle applies, in the case of default by one or more GD Banks, only to exclude the GD Cheques relating to such GD Bank(s).

  • However, in the case of default by one or more GD Banks, only the GD Cheques relating to such GD Bank(s) will be excluded from the End of Day Net Settlement run.

Related to GD Banks

  • Banks shall include the Agent in its individual capacity.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Bank of America means Bank of America, N.A. and its successors.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Banks, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 11.5., any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.