Common use of Manual Input Clause in Contracts

Manual Input. 1. A participant shall submit its IFT and SGSMB instructions (consolidated by counterparty) to the Service Provider by 1830hours using SWIFT MT199 or the Manual Input Form – SGD Payments (signed by at least two authorized signatories) for IFT instructions or the Manual Input Form – SGSMB Transactions for SGSMB instructions (collectively referred to as “Manual Input Forms”). 2. A participant shall inform its counterparties of the breakdown and details of each IFT or SGSMB instruction. 3. The Service Provider reserves the right to reject any of the participant’s instructions if: a) the Manual Input Forms are illegible, incomplete or incorrect; b) the signatories on the Manual Input Forms do not match those in Service Provider’s records; or c) alterations on the Manual Input Forms are not countersigned by the authorized signatories.