Security Procedure for Foreign Exchange Contracts Sample Clauses

Security Procedure for Foreign Exchange Contracts. In addition to the Security Procedure in Section 1.10, the following security procedures apply to Foreign Exchange Contracts. Foreign Exchange Contracts (defined below) not entered into electronically, will be authenticated via Bank’s standard procedures confirming the amount and certain other terms of Foreign Exchange Contracts entered into with the Bank pursuant to the terms in this section, any enrollment form, and the amount and terms of any request for a Funds Transfer by Authorized Personnel. Foreign Exchange Contracts initiated electronically will be authenticated (without human intervention) via the communications link between your computer and Bank’s computer. This means that Bank’s computer will only process Foreign Exchange Contracts requested by an electronically authenticated applicable Trade Agent or Confirming Agent to enter into on your behalf, Foreign Exchange Contracts with the Bank in accordance with the Agreement and to effect the transfer of funds in connection with the Foreign Exchange Contracts. Bank may rely upon any Foreign Exchange Contract or confirmation of a Foreign Exchange Contract by any person purporting to be the applicable Confirming Agent if that person is identified in such role within the Foreign Exchange platform. Bank may rely upon any Foreign Exchange Contract or release of a Foreign Exchange Contract if Bank’s computer determines that a Trade Agent or Confirming Agent was used in the online session in which the Foreign Exchange Contract was requested. In the event that you wish Bank to discontinue receipt of Foreign Exchange Contract requests, you should contact your respective Treasury Support Representative immediately. Bank shall have a reasonable opportunity to react (not to exceed three (3) business days) to any such communication and shall not be responsible for acting on any such purported communication, regardless of whether authorized in fact. You acknowledge that the Bank recommends that one (1) person should not be named as both the Trade and Confirming Agent for security reasons and, if you name only one (1) person in both positions, you hereby waive this security protection and agree that the Bank shall have no liability for any losses relating to this security procedure waiver and a separate opt out security agreement may be required.
AutoNDA by SimpleDocs

Related to Security Procedure for Foreign Exchange Contracts

  • Procedure for reporting issues (a) If an Employee wishes to raise a health and safety issue in a workplace, that Employee must report it to the Health and Safety Representative or to the Employer’s Site Safety Supervisor or another management representative.

  • Security Procedures The Fund shall comply with data access operating standards and procedures and with user identification or other password control requirements and other security procedures as may be issued from time to time by State Street for use of the System on a remote basis and to access the Data Access Services. The Fund shall have access only to the Fund Data and authorized transactions agreed upon from time to time by State Street and, upon notice from State Street, the Fund shall discontinue remote use of the System and access to Data Access Services for any security reasons cited by State Street; provided, that, in such event, State Street shall, for a period not less than 180 days (or such other shorter period specified by the Fund) after such discontinuance, assume responsibility to provide accounting services under the terms of the Custodian Agreement.

  • BIDDING PROCEDURES TO KEEP IN MIND 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions.

  • Safety and Security Procedures Contractor shall maintain and enforce, at the Contractor Work Locations, industry-standard safety and physical security policies and procedures. While at each Court Work Location, Contractor shall comply with the safety and security policies and procedures in effect at such Court Work Location.

  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.

  • Reporting Procedure The Company and the Union agree that any allegation of harassment should be dealt with in an expeditious manner, and they will encourage their respective representatives to do all they can to ensure that delays in dealing with such allegations are minimized. The process must be fair, consistent, and expeditious. This procedure is not intended to preclude any other existing recourse that may be available to an employee (e.g. redress through the collective agreement, a Human Rights complaint, criminal charges, or civil litigation).

  • Security Procedure The Client acknowledges that the Security Procedure it has designated on the Selection Form was selected by the Client from Security Procedures offered by State Street. The Client agrees that the Security Procedures are reasonable and adequate for its wire transfer transactions and agrees to be bound by any payment orders, amendments and cancellations, whether or not authorized, issued in its name and accepted by State Street after being confirmed by any of the selected Security Procedures. The Client also agrees to be bound by any other valid and authorized payment order accepted by State Street. The Client shall restrict access to confidential information relating to the Security Procedure to authorized persons as communicated in writing to State Street. The Client must notify State Street immediately if it has reason to believe unauthorized persons may have obtained access to such information or of any change in the Client’s authorized personnel. State Street shall verify the authenticity of all instructions according to the Security Procedure.

  • Other Procurement Procedures The following procurement methods may be used for the procurement of works and goods that the Bank agrees meets the requirements established in the provisions of Section III of the Procurement Policies:

  • Required Procurement Procedures for Obtaining Goods and Services The Grantee shall provide maximum open competition when procuring goods and services related to the grant-assisted project in accordance with Section 287.057, Florida Statutes.

  • Procurement procedures 11.1 The Recipient must secure the best value for money and shall act in a fair, open and non-discriminatory manner in all purchases of goods and services.

Time is Money Join Law Insider Premium to draft better contracts faster.