Originating Bank definition

Originating Bank has the meaning specified in Section 12.9(e).

Originating Bank has the meaning specified in Subsection 10.08(d).

Originating Bank means the bank that receives the first payment order initiating a payment transaction. In a credit transfer the originating bank is the payor's bank. In a debit transfer the originating bank is the payee's bank.

Examples of Originating Bank in a sentence

• Originating bank holding compa- nies (or their subsidiaries) also must report the amount of standby letters of credit conveyed to others through participations in Part I, item 2(b).

• Ratings-Based Approach (RBA)(a) Eligibility requirements for use of the RBA—(1) Originating bank.

• Where the grossly negligent bank was other than the Originating bank, the Originator is entitled to recover under this Article from either the originating or the grossly negligent Bank.

• Originating bank or LEDC agent responsible for proper administration and monitoring of loan and proper liquidation of collateral in case of default.

• In the case of a reversing file initiated by the State, the file will be transmitted to the Originating bank within 24 hours of the discovery of the duplication or error.

More Definitions of Originating Bank

Originating Bank has the meaning provided in Section 11.07(d). ---------------- ----------------

Originating Bank means BofI Federal Bank or another chartered bank that originates Customer Loans.

Originating Bank means the participant with which an Originator holds an account for the purpose of collection of Direct Debit Payments and through which the Originator initiates the collection of payments;

Originating Bank means an institution that (i) is a party, as grantor, to a Participation with the Issuer, as participant and (ii) on the Issue Date, satisfies the applicable Rating Requirement.

Originating Bank has the meaning specified in subsection 10.8(d).

Originating Bank has the meaning assigned to such term in SECTION 13.8(c).

Originating Bank means the bank which receives the first payment order initiating a payment transaction;