iMBT definition
iMBT means the terminal system enabling connection to the Clearing House Computer via the HKICL network and/or internet, whereby a Member (except CLS Bank) may connect to such terminal system through terminals located within the premises of such Member (except CLS Bank) according to the security requirements provided by HKICL from time to time. The iMBT (i) is to be used by a Member (other than CLS Bank) as a contingency in case such Member is unable to connect to the Clearing House Computer through the eMBT via the SWIFT network for the purposes of performing administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) or submitting instructions relating to Special Posting transactions as stipulated in the Operating Procedures and (ii) will only be provided to the Member concerned where it is enabled by HKICL upon request of such Member.
iMBT means the terminal system enabling connection to the Clearing House Computer via the HKICL network (for Members or CB) and/or internet (for Members, Global Users or CB), whereby (i) a Member (which is required to or otherwise elects to install a terminal which can access the eMBT) or CB may connect to such terminal system through terminals located within its premises according to the security requirements provided by HKICL from time to time. Such access to the iMBT is to be used by such Member or CB as a contingency in case the Member or CB is unable to connect to the Clearing House Computer through the eMBT via the SWIFT network, and will only be provided to the Member concerned or CB where it is enabled by HKICL upon request of such Member or CB; or (ii) a Global User (which elects to install a terminal which can access the eMBT) may connect to such terminal system through terminals located within its premises according to the security requirements provided by HKICL from time to time. Such access to the iMBT is to be used by such Global User as a contingency in case the Global User is unable to connect to the Clearing House Computer through the eMBT via the SWIFT network, and will only be provided to the Global User concerned where it is enabled by HKICL upon request of such Global User; or (iii) a Global User (which does not elect to install a terminal which can access the eMBT) elects to connect to such terminal system through terminals located within its premises according to the security requirements provided by HKICL from time to time . Access to the iMBT as described in each of the foregoing circumstances is for the purposes of a Member, CB or a Global User (as the case may be) performing administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) as stipulated in the Operating Procedures.
iMBT means the terminal system enabling connection to the Clearing House Computer via the HKICL network and/or internet, whereby a Direct Participant may connect to such terminal system through terminals located within the premises of such Direct Participant according to the security requirements provided by HKICL from time to time. The iMBT (i) is to be used by a Direct Participant as a contingency in case such Direct Participant is unable to connect to the Clearing House Computer through the eMBT via the SWIFT network for the purposes of performing administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) as stipulated in the Operating Procedures, and (ii) will only be provided to the Direct Participant where it is enabled by HKICL upon request of such Direct Participant.
More Definitions of iMBT
iMBT means the terminal system enabling connection to the Clearing House Computer via the HKICL network
iMBT means the terminal system connecting to the Clearing House Computer via internet according to the security requirements provided by HKICL from time to time, to which a Global User may gain access through terminals located within the premises of a Global User for the purposes of performing administrative functions related to CHATS Transactions (other than initiating/receiving payment instructions) as stipulated in the Operating Procedures through CHATS.