intermediary institution definition
intermediary institution means the Financial Institution in a serial payment or cover payment chain that receives and transmits a fund transfer on behalf of the ordering institution and the beneficiary institution, or another intermediary institution;
intermediary institution means the financial institution that receives and transmits a wire transfer on behalf of the ordering institution and the beneficiary institution, or another intermediary institution;
intermediary institution means a credit institution which intermediates promotional loans provided that it does not give them as credit to a final customer.
More Definitions of intermediary institution
intermediary institution means an institution which is neither that of the originator nor that of the beneficiary and which participates in the execution of a transfer;
intermediary institution means the financial institution that is an intermediary in the wire transfer payment chain;
intermediary institution means any of the institutions involved in the transferring of money by the User in order to complete the transaction, especially banks, clearing agents, payment system operators, card organizations, electronic money institutions, i.e. Decta Limited, ECard, T-Pay, Przelewy24.
intermediary institution. Means an investment institution(s) acting on behalf of the Bank and intermediating in transmission of orders or in portfolio transactions in the framework ofa"FrameworkAgreement
intermediary institution means an institution which participates in a transfer of funds that takes place through more than one institution but is not an ordering institution or a beneficiary institution;
intermediary institution means a person who participates 30 in a transfer of funds that takes place through more than one institution but is not an ordering institution or a beneficiary institution;
intermediary institution means a financial or other institution, a person, a partnership or a corporation that is acquiring such aircraft as part of a step transaction for sale or transfer to another Airline(s). If the institution, person, partnership or corporation is acquiring such aircraft without a commitment or an understanding with a specific Airline(s) to sell or transfer the aircraft to that specific Airline(s), then the institution, person, partnership or corporation shall not be deemed an Intermediary Institution. Any acquirer of the aircraft which claims not to be an Intermediary Institution shall make such a representation and warranty in writing to the Association and the Company that it has not made a commitment or an understanding to sell or transfer the aircraft to another airline(s).