Automated Processing and Clearing Sample Clauses

Automated Processing and Clearing. We have adopted automated processing and clearing procedures so that We can process the greatest volume of deposits and orders at the lowest possible cost to all members. These automated procedures rely primarily on information encoded at the bottom of each order in Magnetic Ink Character Recognition (MICR) characters/symbols or Electronic Processing Number (EPN) as applicable to the type of order. You agree that in paying or taking an order for collection We will rely on the MICR or EPN information and any other encoded information (even if inconsistent with other information on the order) and disregard any restrictive instructions such

Automated Processing and Clearing. We have adopted automated collection and payment procedures so that we