Wholesale Credit definition

Wholesale Credit. Transactions Subject to the Uniform Commercial Code Article 4A – Provisional Payment: Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not be deemed to have paid you in the amount of such entry. Notice of Receipt of Entry: Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, we are not required to give next-day notice to you of receipt of an ACH item, and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you. Choice of Law: We may accept, on your behalf, payments to your account which have been transmitted through one or more Automated Clearing Houses and which are not subject to the Electronic Fund Transfer Act, and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the State of New York, unless otherwise specified in a separate agreement that the law of some other state shall govern. For questions call or write: 0-000-000-0000. Canandaigua National Bank & Trust, 00 X. Xxxx Xx., Xxxxxxxxxxx, XX 00000. All Personal Accounts - Any one of the persons who signs this agreement may withdraw all or any portion of the account balance. However, upon our receipt of notice of the death or incompetence of a person having the right of withdrawal, we may restrict or prohibit further withdrawals until we are satisfied that our obligations under the law and this agreement have been met.
Sample 1Sample 2Sample 3
Wholesale Credit shall have the meanings set forth in the Business Basics, the Operating Plan and in accordance with generally accepted accounting principles. OPERATING PLAN
Sample 1Sample 2Sample 3
Wholesale Credit. Transactions Subject To Uniform Commercial Code Article 4A Provisional Payment: Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry. Notice of Receipt of Entry: Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you. Choice of Law: We may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses ("ACH") and which are not subject to the Electronic Fund Transfer Act and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the state of New York, unless it has otherwise specified in a separate agreement that the law of some other state shall govern.
Sample 1Sample 2

Examples of Wholesale Credit in a sentence

  • Wholesale Credit Risk Management Wholesale Credit Risk ExposuresAs previously noted, Citi’s wholesale credit risk exposures are to corporate, institutional, public sector and high-net worth clients around the world with a range of wholesale banking products and services.

  • The Wholesale Credit Risk Policy establishes the Bank’s decision-making process in granting credit limits, setting rules and guidelines for exposures that give rise to credit risk.

  • Wholesale Credit Risk ParametersWholesale exposures are internally risk rated and assigned PDs and LGDs.• PD is an estimate of the probability that an obligor will default over a one-year horizon.

  • Disclosures Regarding Electronic "Wholesale Credit" Transactions Subject To Uniform Commercial Code Article 4a Provisional Payment.

  • Internal Credit Risk Capital Assessment Wholesale Credit Risk is assessed using a Monte Carlo simulation model that estimates defaults and economic losses during a 1-year time horizon.

  • Wholesale Credit Risk exposure is comprised of direct risk, contingent risk and clearing risk.Typical financial reporting categories that include wholesale exposures are deposits with banks, debt securities held-to-maturity, loans and off-balance sheet commitments such as unused commitments to lend and letters of credit.

  • The CRO is the head of Group Risk Management, which has the following units: Retail Credit Risk Management, Wholesale Credit Risk Management, Market & Liquidity Risk, Group Non-Financial Risk, Risk Analytics and Enterprise Risk Management.The Group also adjusted its organisation to further strengthen its ability to combat financial crime by appointing Philippe Vollot as Chief Administrative Officer (CAO) with an end-to-end ownership across both the first and second lines of defence.

  • EPA obtained information on gypsum recycling from WRAP (2008), which estimates that recycling one metric ton of waste wallboard requires 9.9 kWh of electricity and 0.09 liters of diesel.

  • Changes to wholesale credit risk are monitored by the Group Wholesale Credit Committee through the review of financial performance and changes in external credit ratings.

  • The Treasury Policy Statement and Wholesale Credit Risk policy are reviewed at least annually.


More Definitions of Wholesale Credit

Wholesale Credit. Transactions Subject to Uniform Commercial Code Article 4A
Sample 1Sample 2
Wholesale Credit. Transactions Subject to Uniform Commercial Code Article 4A 9 Discretionary Extended Overdraft Privilege (EOD) Policy 9
Sample 1
Wholesale Credit shall have the meanings set forth in the Operating Standards and in accordance with generally accepted accounting principles. OPERATING STANDARDS
Sample 1

Related to Wholesale Credit

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Service credit month means a full service credit month or an

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Service Credit means the periods of time for which the required contributions have been made to

  • Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Xxxxx’x; Access Undertaking means:

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Service credit year means an accumulation of months of

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Cannabis cultivation facility means a person that:

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.