Creation of Images. We are a member of the Canadian Payments Association (“CPA”), created by the federal government, for the purpose of setting out the rules for clearing and settling Instruments in Canada among financial institutions. CPA Rule A10 allows members to exchange Instruments electronically by using images of the Instruments. You agree that each Image created using Mobile Cheque Deposit is created by or on behalf of us in accordance with applicable laws. In addition, you agree that each Image is an official image within the meaning of the Bills of Exchange Act (Canada) and will be used for all purposes as an eligible bill under that act.
Appears in 3 contracts
Samples: Electronic Access Agreement, Electronic Access Agreement, Electronic Access Agreement
Creation of Images. We are a member of the Canadian Payments Association (“CPA”), created by the federal government, for the purpose of setting out the rules for clearing and settling Instruments in Canada among financial institutions. CPA Rule A10 allows members to exchange Instruments electronically by using images of the Instruments. You agree that each Image created using Mobile Cheque Deposit is created by or on behalf of us in accordance with applicable laws. In addition, you agree that each Image is an official image within the meaning of the Bills of Exchange Act (Canada) and will be used for all purposes as an eligible bill under that act.. c)
Appears in 1 contract
Samples: Electronic Access Agreement
