SEC Codes definition

SEC Codes or Standard Entry Class codes mean the three-character code within an ACH company/batch header, which identifies the type of transactions within that batch (e.g. CCD, CTX, PPD, etc.).
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SEC Codes means Standard Entry Class Codes as defined in the Nacha Rules.
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Examples of SEC Codes in a sentence

  • Originator action on NOCs related to entries bearing any of the following SEC Codes is optional, at the Originator’s discretion: ARC, BOC, POP, RCK, and XCK Entries, as well as TEL and WEB entries bearing a Single Entry indicator (“S” or “blank” for TEL and “S” for WEB).

  • Once approved as an ACH Originator, upon review of your business needs, you will be approved to transmit Entries using specific Standard Entry Class (SEC) Codes.

  • Should you transmit Entries to us using SEC Codes other than those previously approved, at our sole discretion, your file may be rejected and may not be transmitted by us to the ACH Operator or may be transmitted.

  • Bank also may suspend or terminate Customer’s use of one or more SEC Codes at any time in Bank’s sole and exclusive discretion.

  • We may restrict or amend these approved SEC Codes from time to time in writing.

  • From time to time, AB&T at its sole discretion may amend ACH Entries permitted through Business Digital Banking to include additional SEC Codes.

  • The following table shows the proper SEC Codes to use depending on how you obtained the authorization to debit/credit an individual or company’s account: SEC Code Debit / Credit Authorization Method PPD Debit or Credit Document signed by individual or similarly authenticated CCD, CTX Debit or Credit Document signed or verbal agreement by Company* WEB Debit Only Via the Internet TEL Debit Only Verbal authorization via the telephone.

  • Additional SEC Codes have been authorized and established by NACHA Operating Rules and Guidelines, which are not supported by AB&T’s Business Digital Banking.

  • Customer shall cause the SEC Codes to be used as provided by and in strict conformance with the Rules (it being understood that failure to properly use SEC Codes shall be deemed a breach of these Terms and may result in termination of these Terms, in addition to other remedies available to Bank provided herein).

  • Customer is hereby advised that transactions involving TEL SEC Codes and WEB SEC Codes require additional approvals within Bank that may delay processing times.

Related to SEC Codes

  • IBC Code means Insolvency and Bankruptcy Code, 2016 as amended from time to time;

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • SEC Guidance means (i) any publicly-available written or oral guidance of the Commission staff, or any comments, requirements or requests of the Commission staff and (ii) the Securities Act.

  • Grid Code / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central Commission under clause (h) of sub-section (1) of Section 79 of the Electricity Act and/or the State Grid Code as specified by the concerned State Commission referred under clause (h) of sub-section (1) of Section 86 of the Electricity Act, as applicable;

  • Form S-3 shall have the meaning given in subsection 2.3.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • Uniform Network Code means the uniform network code as defined in Standard Special Condition A11(6) of National Grid’s transporters licence, as such code may be amended from time to time in accordance with the terms thereof.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • SIC code means “Standard Industrial Classification code,” as assigned to a site by the United States Department of Transportation, Federal Highway Administration, based on the particular activities that occur on the site, as set forth in its publication “Standard Industrial Classification Manual,” incorporated by reference in Section 720.111(a).

  • IMDG Code means the International Maritime Dangerous Goods Code, for the implementation of Chapter VII, Part A, of the International Convention for the Safety of Life at Sea, 1974 (SOLAS Convention), published by the International Maritime Organization (IMO), London;

  • standard industrial classification code or "SIC code" means a series of four-digit codes devised by the office of management and budget (OMB) of the federal government to classify establishments according to the type of economic activity in which they are engaged.

  • SEC means the Securities and Exchange Commission.

  • CSD Regulations means the CSD’s rules and regulations applicable to the Issuer, the Agent and the Notes from time to time.

  • Codes means the following including the latest amendments and/or replacements, if any:

  • State Information Commission means the State Information Commission constituted under sub-section (1) of section 15;

  • Code of Ordinances means the Code of Ordinances of the City of Colfax, Iowa.

  • Form S-1 shall have the meaning given in subsection 2.1.1.

  • FMC Act means the Financial Markets Conduct Act 2013.

  • 430C Information means information included in a prospectus then deemed to be a part of the Registration Statement pursuant to Rule 430C.

  • Statutes means the Companies Act, the Electronic Transactions Act 1999 of Bermuda, and every other act (as amended from time to time) for the time being in force of the Legislature of Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Object Code means computer software that is substantially or entirely in binary form and that is intended to be directly executable by a computer after suitable processing and linking but without any intervening steps of compilation or assembly.

  • Building Code means the regulations made under Section 34 of the Act.

  • Generally Available Information means information that is accessible to the public on a non-discriminatory basis.

  • Form F-3 means such respective form under the Securities Act or any successor registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC.