MIFT definition
MIFT means a manually initiated Instruction to transfer or receive Securities and/or Cash.
MIFT means a manually initiated Instruction to effect a transfer of assets owned by the Client or an Investor.
MIFT means the Recipient’s Ministry of Investment and Foreign Trade, or any successor thereto acceptable to the Association.
Examples of MIFT in a sentence
In the event of a MIFT, Service Provider will make a confirmation call to the Client or take such other additional safeguards as may be mutually agreed.
The Client expressly acknowledges that it is aware that a MIFT increases the risk of error, security, privacy issues and fraudulent activities.
If the Service Provider acts reasonably on a MIFT and complies with the applicable security procedures and the standard of care under clause 6.1 of the Agreement, the Client shall be responsible for any costs, losses and other expenses suffered by the Client or the Service Provider.
More Definitions of MIFT
MIFT means a manually initiated Instruction to transfer or receive Securities and/or Cash. “NSCC” means the National Securities Clearing Corporation.
MIFT means a manually initiated Instruction to effect a transfer of assets owned by the Client or an Investor. “Monthly Fee” has the meaning set forth in the Fee Schedule.