Ordering bank definition

Ordering bank means the bank or financial institution which requests the transfer of funds on behalf of a natural or legal person.
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Ordering bank means a bank that sends a payment order to debit its account in IPS system;
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Ordering bank means the financial institution which initiates the wire transfer and transfers of funds upon receiving the request for a wire transfer on behalf of the originator.
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Examples of Ordering bank in a sentence

  • The fee allocation depends on the agreement on fees made by the payer and his bank.0/SHA: Ordering bank charges are paid by the ordering party.

  • The ordering party has to decide and inform the bank (payment service provider) about the allocation of charges by using any of the following official SWIFT charge codes: 0/SHA: Ordering bank charges are paid by the ordering party.


More Definitions of Ordering bank

Ordering bank means the bank which acts on behalf of the originator in ordering or initiating the wire transfer;
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Related to Ordering bank

  • Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Regulated Bank means an Approved Commercial Bank that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

  • Collecting bank means a bank handling the item for collection except the payor bank.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • approved institution means an entity so named in a Certificate. From time to time the Fund may amend a previously delivered Certificate by delivering to the Transfer Agent a Certificate naming an additional entity or deleting any entity named in a previously delivered Certificate.

  • Administrative agency or "agency" means each board, bureau, commission, department, or other administrative unit of the executive branch of state government, including one or more officers, employees, or other persons directly or indirectly purporting to act on behalf or under authority of the agency. An administrative unit located within or subordinate to an administrative agency must be treated as part of that agency to the extent it purports to exercise authority subject to this chapter. The term administrative agency does not include:

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Borrower as defined in the preamble hereto.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Bank is defined in the preamble hereof.

  • New Bank as defined in subsection 2.20(b).

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

  • NAIC Approved Bank means a bank that is a bank listed on the most current “List of Qualified U.S. Financial Institutions” approved by the NAIC (the “NAIC Approved Bank List”) (or any branch or related entity of such bank that qualifies as a Qualified U.S. Financial Institution in accordance with the Purposes and Procedures Manual of the NAIC Investment Analysis Office).

  • Licensed financial institution means a financial institution issued a license under this act.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • New Lender as defined in Section 2.1(c).

  • Credit Voucher means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.