Client’s Undertakings. 3.1 The Client will, and shall ensure that its personnel, act in good faith at all times when using the Service and shall ensure that the Service is used only for the purpose envisaged herein. The Client shall not and shall ensure that its personnel do not abuse or tamper with the Service, or any equipment or facilities provided by the Bank with respect to the Service. 3.2 The Client undertakes to protect its infrastructure (including its network) from viruses. The Client is responsible for ensuring that it maintains the infrastructure required to access the Service, which shall include its network and internet access. 3.3 The Client is responsible for the accuracy and completeness of Instructions (including safeguarding the security and integrity of the Service by ensuring that only authorised Users have access to the system and that authorised Users’ security credentials and tokens are safeguarded at all times) and for ensuring that they will achieve the Client’s intended purpose. 3.4 The Client and the Participant Clients warrant and represent that they are, at all times, the sole beneficial owners of their respective Participant Accounts. 3.5 The Client undertakes to comply with relevant Anti-Money Laundering & Combating Financing of Terrorism Laws and Regulations of UAE. 3.6 The Client, in using iBusiness for accessing the Services, may assign, at its own discretion, Maker, Checker or Maker-Checker User Roles to its Users. 3.7 The Client shall immediately contact CBD if the Client suspects or becomes aware of: (a) Any failure of any part of the Services. (b) Any error in any part of the Services. (c) Any error affecting any data accessible through the Services; and/or any programming error or defect or corruption of any part of the Services, and the Client shall promptly assist CBD in implementing any necessary remedial steps. 3.8 The Client undertakes not to: (a) use the Services in a way or for a purpose not authorised or intended by CBD. (b) use the Services in contravention of any applicable law or regulation. (c) use the Services other than for the Client or the Client’s affiliates’ business purposes; (d) permit any third party to use the Services or seek to gain or permit any third party to gain unauthorised access to any system or network of CBD. (e) Transmit or upload any material that contains viruses, Trojan horses, worms, time bombs or any other harmful programs which may interfere with or disrupt the Services or any network connected thereto.
Appears in 2 contracts
Samples: Liquidity Management Solutions Agreement, Liquidity Management Solutions Agreement
Client’s Undertakings. 3.1 iCOLLECT
3.1. The Client undertakes to submit the originals of any Cheques processed through the Service within two (2) Business Days’ of scanning in the Service.
3.2. In the case of Returned Cheques, the Client may exclude the originals from submission. The Client shall obtain the relevant returned cheque advice from iBusiness.
3.3. In the case of PDCs, the Client undertakes to submit Withdrawal and Deferment requests via iBusiness.
3.4. CBD shall notify the Client of its representatives who are authorised to receive original Cheques. Cheques will only be considered received once CBD has issued a confirmation of receipt signed by an authorised representative.
3.5. The Client will, and shall ensure that its personnel, act in good faith at all times when using the Service and shall ensure that the Service is used only for the purpose envisaged herein. The Client shall not and shall ensure that its personnel do not abuse or tamper with the Service, the Scanner or any equipment or facilities provided by the Bank with respect to the Service.
3.2 3.6. The Client undertakes to protect its infrastructure (including its network) from viruses. The Client is responsible for ensuring that it maintains the infrastructure required to access the Service, which shall include its network and internet access.
3.3 3.7. The Client is responsible for the accuracy and completeness of Instructions (including safeguarding the security and integrity of the Service by ensuring that only authorised Users have access to the system and that authorised Users’ security credentials and tokens are safeguarded at all times) and for ensuring that they will achieve the Client’s intended purpose.
3.4 3.8. The Client and the Participant Clients warrant and represent that they are, at all times, the sole beneficial owners of their respective Participant Accounts.
3.5 The Client undertakes to comply with relevant Anti-Money Laundering & Combating Financing of Terrorism Laws and Regulations of UAE.
3.6 The Client, in using iBusiness for accessing the Services, may assign, at its own discretion, Maker, Checker or Maker-Maker- Checker User Roles to its Users.
3.7 3.9. The Client shall immediately contact CBD if the Client suspects or becomes aware of:
(a) Any failure of any part of the Services.
(b) Any error in any part of the Services.
(c) Any error affecting any data accessible through the Services; and/or and/ or any programming error or defect or corruption of any part of the Services, and the Client shall promptly assist CBD in implementing any necessary remedial steps.
3.8 3.10. The Client undertakes not to:
(a) use the Services in a way or for a purpose not authorised or intended by CBD.
(b) use the Services in contravention of any applicable law or regulation.
(c) use the Services other than for the Client or the Client’s affiliates’ business purposes;
(d) permit any third party to use the Services or seek to gain or permit any third party to gain unauthorised access to any system or network of CBD.
(e) Transmit or upload any material that contains viruses, Trojan horses, worms, time bombs or any other harmful programs which may interfere with or disrupt the Services or any network connected thereto. CHEQUE VERIFICATION REQUIREMENTS
3.11. The Client undertakes to perform verification of each Cheque and shall on scan Cheques that have passed such verification.
3.12. The Client undertakes not to submit Cheques through the Service where:
(a) name of the beneficiary does not reasonably match the deposit account name.
(b) amount in words does not match the amount in number.
(c) the Cheque is not signed. تنترنإلاا برع ليس�حتلا في ةمدلخا للاخ نم اهتلجاعم متت تاكيس� يألا ةيلس�ألاا خس�نلا يمدقتب ليمعلا دهعتي 1-3 .ةمدلخا قاطن في ايئوس� تاكيس�لا حس�م خيرات نم لمع ينموي نوس�غ .ةينوتركلإلاا لامعألاا ةمدخ للاخ دق تاكيس�لا برتعتو .ةيلس�ألاا تاكيس�لا ملاتس�اب ينس�وفلما هيلثمبم ليمعلا كنبلا رطخي 4-3 بناج نم اهيلع عقوم ملاتس�لااب اديكأات كنبلا ردس�ي نأا درجبم طقف اهملاتس�ا تم .ص�وفلما لثملما دنع كلذو ،تاقوألاا عيمج في ةينلا نس�ح أادبم قفو نوفرس�تي هيفظوم نأا ليمعلا نمس�ي 5-3 في حس�ولما ص�رغلا في طقف ةمدلخا مادختس�ا نامس� هيلع بجي امك ،ةمدلخا مادختس�ا ةمدلخاب ثبعلا وأا مادختس�ا ةءاس�إاب هيفظوم مايق مدع ليمعلا نمس�ي .ةيقافتلاا هذه قلعتي اميف كنبلا اهمدقي يتلا تلايهس�تلا وأا تادعلما نم يأا وأا يئوس�لا حس�الما وا .ةمدلخاب )هل ةعباتلا تنترنإلاا ةكبس� كلذ في ابم( هب ةس�الخا ةيتحتلا ةينبلا ةيامحب ليمعلا دهعتي 6-3 ةمزلالا ةيتحتلا ةينبلاب هظافتحا نامس� نع لاوئس�م ليمعلا نوكيو .تاس�ويرف يأا نم .تنترنإلاا ىلع لوخدلا ةيناكمإاو ةكبس�لا نمس�تت نأا دبلا يتلاو ،ةمدلخا لىإا لوخدلل لماكتو نمأا ةيامح كلذ في ابم( اهلامتكاو تاميلعتلا ةقد ةيلوئس�م ليمعلا لمحتي 7-3 ةيامحو ماظنلا لىإا طقف مهل حرس�لما ينمدختس�لما لوس�و نامس� قيرط نع تامدلخا لمحتي امك .)تقولا لاوط ينمدختس�ملل ينمألاا دامتعلاا تاءارجاو ققحتلا ةزهجأا .هل ةبس�نلاب بولطلما ص�رغلا ققتح تاميلعتلا كلت نأا نامس� ةيلوئس�م ليمعلا .هيمدختس�م لىإا جودزلما انم وأا كس� اذإا ،كنبلا غلابإا ةعرس� ليمعلا ىلع 9-3 :هملع لىإا تامدلخا نم ءزج يأاب روس�ق يأا )أا( تامدلخا نم ءزج يأا في اأ طخ يأا )ب( ،تامدلخا للاخ نم اهيلإا لوس�ولا نكيم يتلا تانايبلا نم يأا ىلع رثؤوي اأ طخ يأا )ج( نأا ليمعلا ىلعو .تامدلخا نم ءزج يأاب يمجرب ررس� وأا روس�ق وأا أاطخ يأا وأا .ةمزلا ةيحيحس�ت تاءارجإا يأا ذيفنت في اروف كنبلا دعاس�ي .اهب لومعم تاعيرس�ت وأا ينناوق يأا فلاخي وحن ىلع تامدلخا مادختس�ا )ب( وأا ليمعلا لمعب ةس�الخا ص�ارغألاا فلاخب ىرخأا ص�ارغأا يألا تامدلخا مادختس�ا )ج( .هل ةعباتلا تاس�س�ؤولما .كلذب مايقلاب يرغلل حامس�لا وأا هب حرس�م يرغ وحن ىلع لبانق وأا ةثيبخ ناديد وأا ةداورط ةنس�حأا وأا تاس�ويرف ىلع يوتتح داوم يأا عفر وأا رس�ن )ه( ةلس�تم ةكبس� يأا وأا تامدلخا عم ص�راعتت دق يتلا ةرس�لما جمابرلا نم اهيرغ وأا ةتوقوم .اهليطعت في ببس�تت وأا اهب كيس�لا ةحس� نم ققحتلا تاطاترس�ا تاكيس�لل يئوس�لا ص�حفلا ءارجإا كلذكو ،كيس� لك ةحس� نم ققحتلاب ليمعلا دهعتي 11-3 .ققحتلا ةيلمعل تعس�خ يتلا :ةيلاتلا تلاالحا نم يأا في تامدلخا للاخ نم تاكيس�لا يمدقت مدعب ليمعلا دهعتي 12-3 عاديإلاا باس�ح مس�ا عم ةلوقعم ةروس�ب قباطتي لا ديفتس�لما مس�ا ناك اذإا )أا( (d) the Cheque is soiled, smudged, defaced or torn and is no longer deemed acceptable for clearing.
(e) the Cheque is stale-dated.
(f) the Cheque appears to have been altered.
(g) the Cheque appears to have been forged or counterfeited. DELAYED DELIVERY, LOST, DAMAGED AND FRAUDULENT CHEQUES
3.13. The Client shall inform CBD as soon as it becomes aware that a Cheque that has been processed through the Service is delayed, lost, damaged or is suspected to be fraudulent.
3.14. CBD reserves the right to reverse the entry and debit the Client’s Account for the amount of any Cheques processed through the Service for which the originals are not received by CBD; are soiled, damaged or otherwise not acceptable for clearing; are not received by CBD within the stipulated cut-off times; or are found or suspected to be fraudulent.
3.15. In the case of lost Cheques, the Client shall issue an indemnity letter for each lost Cheque signed by the Client’s authorised signatories irrevocably indemnifying and holding harmless CBD from and against all actions, suits proceedings, costs, claims, demands, charges, expenses, losses and liabilities however arising out of or in connection with the lost Cheque.
Appears in 2 contracts
Samples: Services Agreement, Services Agreement
Client’s Undertakings. 3.1 The Client will, and shall ensure that its personnel, act in good faith at all times when using the Service and shall ensure that the Service is used only for the purpose envisaged herein. The Client shall not and shall ensure that its personnel do not abuse or tamper with the Service, or any equipment or facilities provided by the Bank with respect to the Service.
3.2 The Client undertakes to protect its infrastructure (including its network) from viruses. The Client is responsible for ensuring that it maintains the infrastructure required to access the Service, which shall include its network and internet access.
3.3 The Client is responsible for the accuracy and completeness of Instructions (including safeguarding the security and integrity of the Service by ensuring that only authorised Users have access to the system and that authorised Users’ security credentials and tokens are safeguarded at all times) and for ensuring that they will achieve the Client’s intended purpose.
3.4 The Client warrants and the Participant Clients warrant and represent represents that they are, at all times, the sole beneficial owners of their respective Participant the Accounts.
3.5 The Client undertakes to comply with relevant Anti-Money Laundering & Combating Financing of Terrorism Laws and Regulations of UAE.
3.6 The Client, in using iBusiness for accessing the Services, may assign, at its own discretion, Maker, Checker or Maker-Checker User Roles to its Users.
3.7 The Client shall immediately contact CBD if the Client suspects or becomes aware of:
(a) Any failure of any part of the Services.
(b) Any error in any part of the Services.
(c) Any error affecting any data accessible through the Services; and/or any programming error or defect or corruption of any part of the Services, and the Client shall promptly assist CBD in implementing any necessary remedial steps.
3.8 The Client undertakes not to:
(a) use the Services in a way or for a purpose not authorised or intended by CBD.
(b) use the Services in contravention of any applicable law or regulation.
(c) use the Services other than for the Client or the Client’s affiliates’ business purposes;
(d) permit any third party to use the Services or seek to gain or permit any third party to gain unauthorised access to any system or network of CBD.
(e) Transmit or upload any material that contains viruses, Trojan horses, worms, time bombs or any other harmful programs which may interfere with or disrupt the Services or any network connected thereto.
Appears in 2 contracts
Samples: Receivables Management Solutions Agreement, Receivables Management Solutions Agreement
