Intermediary bank definition

Intermediary bank means a bank to which an item is transferred in course of collection except the depositary or payor bank.

Intermediary bank means a receiving bank other than the originator's bank or the beneficiary's bank.

Intermediary bank means a receiving bank other than the originator’s bank or the beneficiary’s bank.

Examples of Intermediary bank in a sentence

• If an Intermediary bank is required, please provide Bank Name, Account Number if applicable and SWIFT Code of Intermediary Bank along with all other required Wire instructions./Ak mena platieb dohodnutá v zmluve nezodpovedá mene vášho bankového účtu, môže byť potrebné uviesť sprostredkujúcu banku.

• A funds transfer is completed by acceptance by the beneficiary’s bank of a payment order for the benefit of the bene- ficiary of the originator’s payment order.(b) Intermediary bank means a receiving bank other than the originator’s bank or the beneficiary’s bank.(c) Originator means the sender of the first payment order in a funds transfer.

• Intermediary bank means a receiving bank other than the originator’s bank or the beneficiary’s bank.

• The Bank sends the payment to the Intermediary bank or the Beneficiary bank with the relevant indication.

• Upon receipt of the Customer’s outstanding Credit transfer funds from the Beneficiary bank or the Intermediary bank, the Bank transfers the funds received into the Customer’s account, which may be reduced by the Beneficiary's bank or the Intermediary Banks commissions.

More Definitions of Intermediary bank

Intermediary bank means a receiving bank other than the originating or Destination Bank;

Intermediary bank means a bank to which an item is

Intermediary bank means a bank or other financial institution which (i) has been approved by the Fronting Banks to act as a risk participant in respect of the New Money Debt and (ii) is willing to enter into both (a) risk participation arrangements with the Fronting Banks in respect of the New Money Debt; and (b) risk sub-participation arrangements with a Participating Creditor in respect of such participation in the New Money Debt.

Intermediary bank means a bank to which an item is transferred in the course of collection

Intermediary bank shall have the meaning ascribed to such term in Schedule 1.01(e).

Intermediary bank or “Intermediary Banks” shall mean the Paying Bank and the head office and/or branch offices of the Bank or other financial institutions which perform the following activities for the remittance of funds.

Intermediary bank means any bank selected by Bank to initiate and/or effect international wire transfer transactions on behalf of Customer. WIRE TRANSFER AGREEMENT—Rev 11-2018