Operational functions. 1 The designated operators shall be responsible for the execution of postal payment services vis-à-vis other operators and users. 2 They shall be accountable for risks such as operational risks, liquidity risks, and counterparty risks, in accordance with the national legislation. 3 In order to implement the postal payment services whose provision is entrusted to them by their respective member country, designated operators shall conclude bilateral or multilateral agreements with the designated operators of their choice.
Appears in 3 contracts
Samples: Postal Payment Services Agreement, Postal Payment Services Agreement, Postal Payment Services Agreement
Operational functions. 1 The designated operators shall be responsible for the execution of postal payment services ser- vices vis-à-vis other operators and users. 2 They shall be accountable for risks such as operational risks, liquidity risks, and counterparty risks, in accordance with the national legislation. 3 In order to implement the postal payment services whose provision is entrusted to them by their respective member country, designated operators shall conclude bilateral or multilateral agreements with the designated operators of their choice.
Appears in 3 contracts
Samples: Universal Postal Union Agreements, Universal Postal Union Agreements, Eighth Additional Protocol to the Constitution of the Universal Postal Union
Operational functions. 1 The designated operators shall be responsible for the execution of postal payment services vis-à-à- vis other operators and users. 2 They shall be accountable for risks such as operational risks, liquidity risks, and counterparty risks, in accordance with the national legislation. 3 In order to implement the postal payment services whose provision is entrusted to them by their respective member country, designated operators shall conclude bilateral or multilateral agreements with the designated operators of their choice.
Appears in 1 contract
Samples: Postal Payment Services Agreement
Operational functions. 1 The designated operators shall be responsible for the execution of postal payment services vis-à-vis other operators and users. 2 They shall be accountable for risks such as operational risks, liquidity risks, and counterparty risks, in accordance with the national legislation. 3 In order to implement the postal payment services whose provision is entrusted to them by their respective member country, designated operators shall conclude bilateral or multilateral agreements with the designated operators of their choice.
Appears in 1 contract
Samples: Postal Payment Services Agreement
