Interchange Transaction definition
Interchange Transaction means an agreement to transfer energy from a seller to a buyer that crosses one or more Balancing Authority Area boundaries.**
Interchange Transaction means an electronic fund
Interchange Transaction means an electronic fund transfer that results in exchange of data and settlement of funds between 2 or more unaffiliated financial institutions.
Examples of Interchange Transaction in a sentence
Enter Interchange Transaction information into Reliability Assessment Systems (e.g., the Interchange Distribution Calculator in the Eastern Interconnection) C C L Yes 6.
Collect and disseminate Interchange Transaction approvals, changes, and denials C C L Yes 4.
More Definitions of Interchange Transaction
Interchange Transaction means an energy or ancillary services transaction that crosses one or morebalancing authority area boundaries. [ Rules (2010-04-30), Alberta Reliability Standards (2014-10-01), Tariff (2011-07-01) ]
Interchange Transaction means an agreement to transfer energy from a seller to a buyer that crosses one or more BA area boundaries.
Interchange Transaction means an electronic fund transfer that results in exchange of data and settlement of funds between 2 or more unaffiliated financial institutions. "Issuer" means a person that issues a general use reloadable card or that person's agent with respect to the card. "Marketed or labeled as a gift card or gift certificate" means directly or indirectly offering, advertising, or otherwise suggesting the potential use of a card, code, or other device as a gift for another person. "Network" means an electronic information communication and processing system that processes interchange transactions. "Person" means a natural person, corporation, unit of government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. "Seller of goods and services" means a business entity other than a financial institution. "Switch" means an electronic information and communication processing facility that processes interchange transactions on behalf of a network. This term does not include an electronic information and communication processing company (1) that is owned by a bank holding company or an affiliate of a bank holding company and used solely for transmissions among affiliates of the bank holding company or (2) to the extent that the facility, by virtue of a contractual relationship, is used solely for transmissions among affiliates of a bank holding company, regardless of whether the facility is an affiliate of the bank holding company or operates as a switch with respect to one or more networks under an independent contractual relationship. "Terminal" means an electronic device through which a consumer may initiate an interchange transaction. This term does not include (1) a telephone, (2) an electronic device located in a personal residence, (3) a personal computer or other electronic device used primarily for personal, family, or household purposes, (4) an electronic device owned or operated by a seller of goods and services unless the device is connected either directly or indirectly to a financial institution and is operated in a manner that provides access to an account by means of a personal and confidential code or other security mechanism (other than signature), (5) an electronic device that is not accessible to persons other than employees of a financial institution or affiliate of a financial institution, or (6) an electronic device that is established by a financial institution on a proprietary basis that is identified as s...