Common use of Communication & Information Clause in Contracts

Communication & Information. 6.6. After debiting the Customer’s account or the receipt of the payment order, the Bank shall provide the Customer- payer without undue delay with the following information: - a reference enabling the Customer-payer to identify each payment transaction and, where appropriate, information relating to the Payee; - the amount of the payment transaction in the currency in which the Payer payment account is debited or in the currency used for the payment order; - the amount of any charges for the payment transaction and, where applicable, a breakdown thereof, or the interest payable by the Customer-payer; - where applicable, the exchange rate used in the payment transaction by the Bank, and the amount of the payment transaction following that currency conversion; and - the debit value date or the date of receipt of the payment order.

Communication & Information. 6.6. After debiting the Customer’s account or the receipt of the payment order, the Bank shall provide the Customer- payer without undue delay with the following information: - a reference enabling the Customer-payer to identify each payment transaction and, where appropriate, information relating to the Payee; - the amount of the payment transaction in the currency in which the Payer payment account is debited or in the currency used for the payment order; - the amount of any charges for the payment transaction and, where applicable, a breakdown thereof, or o r the interest payable by the Customer-payer; - where applicable, the exchange rate used in the payment transaction by the Bank, and the amount of the payment transaction following that currency conversion; and - the debit value date or the date of receipt of the payment order.