Transfer Message definition

Transfer Message means an in- struction of a participant to a Federal Reserve Bank to effect a transfer of a book-entry security maintained in the Book-entry System, as set forth in Federal Reserve Bank Operating Circu- lars.[61 FR 67192, Dec. 20, 1996, as amended at 62FR 53229, Oct. 14, 1997] § 615.5451 Book-entry and definitive securities.Subject to subpart C of this part:(a) Farm Credit banks operating under the same title of the Act may issue consolidated securities in book- entry form.(b) Farm Credit banks may issue Sys- temwide securities in book-entry form.(c) Consolidated and Systemwide se- curities also may be issued in either registered or bearer definitive form.[61 FR 67192, Dec. 20, 1996, as amended at 62FR 53229, Oct. 14, 1997] § 615.5452 Law governing rights and obligations of Federal Reserve Banks, Farm Credit banks, and Funding Corporation; rights of any person against Federal Reserve Banks, Farm Credit banks, and Funding Corporation.(a) Except as provided in paragraph(b) of this section, the following are governed solely by the regulations con- tained in this subpart O, the securities documentation, and Federal Reserve Bank Operating Circulars:

Transfer Message means an entitlement order or other instruction of a Participant to a Reserve Bank that the Reserve Bank uses to effect a Transfer.

Transfer Message means an in- struction of a Participant to a Federal Reserve Bank to effect a transfer of a Book-entry Security (including a Book-entry Sallie Mae Security) main- tained in the Book-entry System, as set forth in Federal Reserve Bank Op- erating Circulars.[62 FR 622, Jan. 6, 1997, as amended at 69 FR18803, Apr. 9, 2004] § 354.2 Law governing rights and obli- gations of Federal Reserve Banks, and Sallie Mae; rights of any Person against Federal Reserve Banks and Sallie Mae.(a) Except as provided in paragraph(b) of this section, the following are governed solely by the book-entry reg- ulations contained in this part 354, the Securities Documentation (to the ex- tent not inconsistent with these regu- lations) and Federal Reserve Bank Op- erating Circulars:

Examples of Transfer Message in a sentence

• This includes any such claim arising as a result of the transfer or disposition of a Book-entry Security by a Federal Reserve Bank, pursuant to a Transfer Message that the Federal Re- serve Bank reasonably believes to be genuine.

• Nei- ther the Federal Reserve Banks nor Sallie Mae is liable to a Person assert- ing or having an Adverse Claim to a Security Entitlement or to a Book- entry Sallie Mae Security in a Partici- pant’s Securities Account, including any such claim arising as a result of the transfer or disposition of a Book- entry Sallie Mae Security by a Federal Reserve Bank pursuant to a Transfer Message that the Federal Reserve Bank reasonably believes to be genuine.

• Under these regulations, Participants can still transfer their interests in a Treasury book-entry security as they did before—by issuing a Transfer Message to the Federal Reserve Bank where they hold such interest.

• If there are no funds on the VAT Account, the Bank shall, in order to effect the Instruction, debit the Account with the amount equivalent to the gross value of sales indicated in the Transfer Message.

• Sallie Mae and the Federal Reserve Banks shall not be liable for any action taken in accordance with the informa- tion set out in a Transfer Message or evidence submitted in support thereof.

More Definitions of Transfer Message

Transfer Message means aninstruction of a Participant to a Federal Reserve Bank to effect a transfer of a Book-entry Federal Home Loan Bank Security, as set forth in Federal Reserve Bank Operating Circulars.

Transfer Message means an instruction of a participant to a Federal Reserve Bank to effect a transfer of a book-entry security maintained in the Book-entry System, as set forth in Federal Reserve Bank Operating Circulars.

Transfer Message means an in- struction of a Participant to a Federal Reserve Bank to effect a transfer of a Book-entry Security (including a Book-entry Sallie Mae Security) main- tained in the Book-entry System, as set forth in Federal Reserve Bank Op- erating Circulars.[62 FR 622, Jan. 6, 1997, as amended at 69 FR18803, Apr. 9, 2004]

Transfer Message means aninstruction of a participant to a Federal Reserve Bank to effect a transfer of abook-entry security maintained in the Book-entry System, as set forth inFederal Reserve Bank Operating Circulars.§ 615.5451 Book-entry and definitive securities.Subject to subpart C of this part:(a) Farm Credit banks operating under the same title of the Act may issueconsolidated securities in book-entry form.(b) Farm Credit banks may issue Systemwide securities in book-entry form.(c) Consolidated and Systemwide securities also may be issued in bearer- definitive form.§ 615.5452 Law governing rights and obligations of United States, Federal Reserve Banks, Farm Credit banks, and Funding Corporation; rights of any person against United States, Federal Reserve Banks, Farm Credit banks, and Funding Corporation.(a) Except as provided in paragraph(b) of this section, the following are governed solely by the regulations contained in this subpart O, thesecurities documentation, and Federal Reserve Bank Operating Circulars:

Transfer Message means an instruction of a Participant to a Reserve Bank to effect a Transfer. See Operating Agreement Circular 7, Section 3.0, supra note 39.

Transfer Message means aninstruction of a Participant to a Federal Reserve Bank to effect a transfer of a Book-entry Security (including a Book-entry Sallie Mae Security) maintained in the Book-entry System, as set forth inFederal Reserve Bank Operating Circulars.

Transfer Message means an instruction of a Participant to a Reserve Bank to effect a Transfer. See Operating Agreement Circular 7, Section 3.0.