GD Cheques definition

GD Cheques means Paper Cheques in Hong Kong dollars, in the form(s) from time to time specified by HKICL, and drawn on GD Banks.
Sample 1Sample 2Sample 3
GD Cheques means Paper Cheques in US dollars, in the form(s) from time to time specified by HKICL, and
Sample 1

Examples of GD Cheques in a sentence

  • 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 GD Cheques, references to the Member are references to the relevant GD Agent.

  • A Paper Cheque which has been exchanged between Group A Members but is not paid shall be returned to the Clearing House pursuant to Rule 7.1.5. This Rule does not apply to GD Cheques.

  • The provisions of Rules 7.5.7.1 to 7.5.7.3 do not apply to GD Cheques.

  • 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).

  • No Member shall use or provide in Hong Kong any facilities for clearing of cheques and other negotiable instruments in Hong Kong dollars drawn on Members, and GD Cheques in Hong Kong dollars drawn payable on GD Banks, and for processing of direct debits and credits, funds transfers, e-Cheques and other banking transactions in each case in Hong Kong dollars other than the Clearing House and Clearing Facilities provided by HKICL (either directly or through a sub-contractor).

  • Each GD Agent confirms that the collection, use and retention of personal data in relation to the relevant GD Cheques and, Paper Cheques and e-Cheques drawn on Members pursuant to these Rules complies with any relevant laws and regulations in China and Hong Kong.

  • Each GD Agent shall indemnify and hold HKICL and each other Member harmless against all actions, proceedings, costs, claims, demands, liabilities, losses or expenses whatsoever and howsoever arising out of or in connection with its certification of or failure to certify relevant unpaid GD Cheques (including in relation to the Default Transactions referred to in Part II, Schedule I) and/or its notice to or failure to notify HKICL that any relevant GD Bank is in default.

  • Amounts payable to Members on GD Cheques (net of Unpaid Articles in respect of GD Cheques but including interest under the Interest Adjustment Scheme) shall be debited from the relevant GD Agent’s CHATS Ledger Account.

  • 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 Cheques

  • HKEx means the Hong Kong Exchanges and Clearing Limited.

  • EFT means electronic funds transfer;

  • Background Check means the process of checking an applicant’s arrest and conviction record, through any means.

  • HKICL means Hong Kong Interbank Clearing Limited and its successors and assigns.

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • Check means a draft, other than a documentary draft, payable on demand and drawn on a bank or a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order”.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • ACH means automated clearing house transfers.

  • NSF means National Sanitation Foundation.

  • Police Check means a formal inquiry made to the relevant police authority in each State or Territory and designed to obtain details of an individual’s criminal conviction or a finding of guilt in all places (within and outside Australia) that the Grantee knows the person has resided in;

  • Cards means either a Visa, MasterCard, Discover or American Express credit card, debit card (or other similar card that requires a PIN for identification purposes), or pre-paid, stored-value or gift card.

  • Sales Draft means the paper form, whether electronically or manually imprinted, evidencing a sale Transaction.

  • Criminal background check means a state criminal background check and a national criminal history check through the Federal Bureau of Investigation.

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Certified automated system means computer software certified under the agreement to calculate the tax imposed by each jurisdiction on a transaction, determine the amount of tax to remit to the appropriate state, and maintain a record of the transaction.