Wire transfer system definition

Wire transfer system means a sys- tem through which an unconditional order to a bank to pay a fixed or deter- minable amount of money to a bene- ficiary upon receipt, or on a day stated in the order, is transmitted by elec- tronic or other means through the net- work, between banks, or on the books of a bank. When referring to wire transfer systems, the terms in this reg- ulation (such as ‘‘bank,’’ ‘‘originator’s bank,’’ ‘‘beneficiary’s bank,’’ and12 CFR Ch. II (1–1–21 Edition)‘‘intermediary bank’’) are defined as those terms are defined in 12 CFR part 210, appendix B.§ 233.3 Designated payment systems.The following payment systems could be used by participants in connection with, or to facilitate, a restricted transaction:(a) Automated clearing house sys- tems;(b) Card systems;(c) Check collection systems;(d) Money transmitting businesses solely to the extent they
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Wire transfer system means a sys- tem through which an unconditional order to a bank to pay a fixed or deter- minable amount of money to a bene- ficiary upon receipt, or on a day stated in the order, is transmitted by elec- tronic or other means through the net- work, between banks, or on the books of a bank. When referring to wire transfer systems, the terms in this reg- ulation (such as ‘‘bank,’’ ‘‘originator’s bank,’’ ‘‘beneficiary’s bank,’’ and ‘‘intermediary bank’’) are defined as those terms are defined in 12 CFR part 210, appendix B.
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Wire transfer system means a wire transfer network, or other communication system through which Customer’s Payment Order may be transmitted by Bank to the Beneficiary Bank.
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Examples of Wire transfer system in a sentence

  • The intermediate routing of electronic data shall not determine the location or locations in which a bet or wager is initiated, received, or other- wise made.(cc) Wire transfer system means a sys- tem through which an unconditional order to a bank to pay a fixed or deter- minable amount of money to a bene- ficiary upon receipt, or on a day stated in the order, is transmitted by elec- tronic or other means through the net- work, between banks, or on the books of a bank.

  • On-line inquiry on status of wires is available on demand through on-line systems.4. All properly executed wires, including intrabank and interbank, will be posted upon receipt.5. Wire transfer system reports.

  • As a depository financial institution, we handle for forward collection approximately 11 million checks daily, with approximately 6 million of such checks drawn on third party financial institutions.• Wire transfer system.

  • The intermediate routing of electronic data shall not determine the location or locations in which a bet or wager is initiated, received, or other- wise made.(cc) Wire transfer system means a sys- tem through which an unconditional order to a bank to pay a fixed or deter- minable amount of money to a bene- ficiary upon receipt, or on a day stated in the order, is transmitted by elec- tronic or other means through the net- work, between banks, or on the books12 CFR Ch. II (1–1–15 Edition)of a bank.

  • The circumstances under which the commercial customer account should be closed.(g) Wire transfer system examples.

Related to Wire transfer system

  • Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

  • Funds-transfer system means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.

  • Transfer station means a facility created to receive solid waste from collection areas and transport in bulk in covered vehicles or containers to waste processing and, or, disposal facilities ;

  • Transfer student means a student entering an institution for the first time having successfully completed a minimum of 12 semester hours at another institution which is applicable for credit at the institution the student is entering.

  • Transfer Scheme means a transfer scheme made by the Secretary of State under Section 12 and Schedule 2 of the Railways Act 2005 (or equivalent statutory provision) pursuant to paragraph 3.1 of Schedule 15.4 (Provisions Applying on and after Termination), being substantially in the form of Appendix 1 (Form of Transfer Scheme) to Schedule 15.4 (Provisions Applying on and after Termination), but subject to such amendments as the Secretary of State may make thereto as a result of any change of Law affecting such transfer scheme or other change of circumstances between the date of the Franchise Agreement and the date on which such scheme is made;

  • Transfer Passenger means passenger arriving and departing on a different aircraft, or on the same aircraft bearing different flight numbers;

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Transfer facility means any transportation related facility including loading docks, parking areas, storage areas and other similar areas where shipments of hazardous waste are held during the normal course of transportation.

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Carrier Access Billing System (“CABS”) is the system which is defined in a document prepared under the direction of the Billing Committee of the OBF. The CABS document is published by Telcordia in Volumes 1, 1A, 2, 3, 3A, 4 and 5 as Special Reports SR-OPT-001868, SR-OPT-0011869, SR-OPT-001871, SR-OPT- 001872, SR-OPT-001873, SR-OPT-001874, and SR-OPT-001875, respectively, and contains the recommended guidelines for the billing of access and other connectivity services. Sprint’s carrier access billing system is its Carrier Access Support System (CASS). CASS mirrors the requirements of CABS.

  • Delivery Site means 250 West 70th Avenue, Vancouver, B.C., V5X 2X1, unless otherwise stated in this ITT;

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region. Generation Interconnection Request:

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Surplus Interconnection Customer means either an Interconnection Customer whose Generating Facility is already interconnected to the PJM Transmission System or one of its affiliates, or an unaffiliated entity that submits a Surplus Interconnection Request to utilize Surplus Interconnection Service within the Transmission System in the PJM Region. A Surplus Interconnection Customer is not a New Service Customer.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.

  • Designated reception site means the designated place for the reception, staging, integration, and onward movement of contractors deploying during a contingency. The designated reception site includes assigned joint reception centers and other Service or private reception sites.

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Delivery Location means the Supplier's premises or other location where the Services are to be supplied, as set out in the Order;

  • Central Contractor Registration (CCR) database means the primary Government repository for Contractor information required for the conduct of business with the Government.

  • Manufactured dwelling park means a place where four or more manufactured dwellings

  • Purchased Services means Services that You or Your Affiliate purchase under an Order Form, as distinguished from those provided pursuant to a free trial.

  • Customer Systems means the Customer's information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems) and networks, whether operated directly by Customer or through the use of third-party services.

  • Contractor System means the information and communications technology system used by the Contractor in performing the Services including the Software, the Contractor Equipment and related cabling (but excluding the Authority System).

  • Capacity Export Transmission Customer means a customer taking point to point transmission service under Tariff, Part II to export capacity from a generation resource located in the PJM Region that has qualified for an exception to the RPM must-offer requirement as described in Tariff, Attachment DD, section 6.6(g).