FPS Transactions definition

FPS Transactions means transactions involving funds transfers effected through FPS as defined in the FPS Rules.
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FPS Transactions means transactions involving funds transfers effected through FPS including those initiated by Credit Transfer Instructions, Direct Debit Instructions, SI Direct Credit Transactions, SI Direct Debit Transactions, Balance-triggered Balance Sweeping Transactions and Transaction-triggered Balance Sweeping Transactions and for the avoidance of doubt (but without limitation), the general administrative or system messages transmitted through FPS.
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FPS Transactions means those transactions as between the Merchant and Customer permissible under this Schedule in relation to which the FPS Merchant Service are supplied;
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Examples of FPS Transactions in a sentence

  • HKICL may process the Credit Transfer Instructions, including those initiated for the return of FPS Transactions, and Direct Debit Instructions involving the same payer Participants and the same payee Participants within the same batch in a group but on the basis that they are settled individually and simultaneously.

  • FPS Transactions are not guaranteed to be settled in accordance with the sequence of receipt of such FPS Transactions by FPS nor the sequence of initiation of such FPS Transactions.

  • FPS Optimiser effected through FPS can be enabled to enhance system efficiency by increasing the number of relevant FPS Transactions which can be processed by FPS (either through the FPS Optimiser or Rule 6.2.2 or 6.2.3 as applicable) at a given time.

  • Each Clearing Participant shall separately agree with its Settlement Participant on a bilateral basis the terms and arrangement on which liquidity is provided by the Settlement Participant and shall monitor its available balance to ensure it has sufficient funds for settlement of FPS Transactions.

  • All FPS Transactions involving payments or funds transfers shall be settled as provided in Part VI of these FPS Rules.

  • For the avoidance of doubt, a Participant can initiate funds transfers to itself in respect of FPS Transactions.

  • When an FPS Optimiser process starts, eligible FPS Transactions, comprising FPS Transactions that are initiated by Credit Transfer Instructions or Direct Debit Instructions (including those initiated for the return of FPS Transactions) and which are accepted for settlement and selected through the FPS Optimiser as specified in the FPS Operating Procedures will be extracted (“Selected Payments”) and processed according to the following provisions in Rule 6.7.

  • Returns of other FPS Transactions will be settled by the payee initiating another FPS Transaction in favour of the appropriate party or by a transfer outside FPS.

  • For the avoidance of doubt, Rule 6.3 is only applicable to FPS Transactions effected by Credit Transfer Instructions or Direct Debit Instructions.

  • Each Hospital covenants and agrees to perform and observe all the terms and conditions of this Agreement and to execute and deliver, or cause to be executed and delivered, such instruments as may from time to time be required in order to carry out the purposes of the Alliance.

Related to FPS Transactions

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.

  • Business Transaction means any merger, share exchange, asset acquisition, plan of arrangement, recapitalization, reorganization or similar business combination involving the Company.

  • Excluded Transactions means:

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.