Scheduled Remittance/Transfer definition
Scheduled Remittance/Transfer means the transactions whereby the Customer makes a Transaction Request in advance designating a future date as the date on which Remittance/Transfer Services are to take place, and the Bank executes the requested Remittance/Transfer Services on such date. In this case Scheduled Remittance/Transfer shall include both Single Scheduled Remittance/Transfer which performs one time transaction and Auto Scheduled Remittance/Transfer which performs cyclical Scheduled transactions for a given period.