Foreign currency payroll on CIB Sample Clauses

Foreign currency payroll on CIB. Customer registers addresses of Fax by which payroll records send and ensures that the contents send through this address are correct and valid. When Customer wants to change this address, Customer must notify the Bank in writing at least 01 working day before the date of salary transfer.  After the Customer has sent fully supporting documents to the Bank. Customer can log in CIB and execute payment of payroll in foreign currencies.  All payment orders in foreign currency have been approved by customers will not be credited to the beneficiary account immediately. The credit and payment orders are executed only when the Bank checked the details of payment orders with required supporting documents + If the Bank found out that the details of payment orders match with required supporting documents no later than 30 minutes from the reconciliation is completed, the beneficiary account will be credited. + If the details of payment orders match with required supporting documents, no later than 30 minutes after finishing collate, beneficiary account will be credited. + If the Bank found out that the details of payment orders don’t match with required supporting documents the payment orders will be retained at the Bank and the Bank will notify Customer. Within 01 working day Customer needs to provide additional supporting documents. If Customer does not provide additional supporting documents in time the Bank shall delete Customer’s payment orders and notify this violation to Customer. After 2 times of violation, the Bank has the right to automatically terminate the service of payroll payment in foreign currency on the CIB for Customer.  If payroll payment orders are made on days off, holidays, these payment orders shall be executed by the Bank on the next working day 4 - E-signature, e-documents