Sponsoring Depository Institution. We, the depository institution identified in Section 2, hereby sponsor the party indicated in Section 3, with its principal office located at the address indicated in Section 3, to perform Wholesale Service Testing of the Sponsored Party’s software product(s) or service(s) via the FedLine Direct Solution as indicated in section 4.2. We represent and warrant that we have an existing business relationship with the Sponsored Party relating to the software product(s) or service(s) it designs to interact with the Wholesale Service via the FedLine Direct Solution. We understand that the Sponsored Party’s completion of any Wholesale Service Testing is separate from any implementation by us of the Sponsored Party’s software product(s) or service(s) and our operational readiness testing of any such implementation. This Sponsorship Agreement must be signed by an authorized individual listed on the Sponsoring Depository Institution’s Official Authorization List filed with the Federal Reserve Banks.
Sponsoring Depository Institution. We, the depository institution identified in Section 2, hereby sponsor the party identified in Section 3, with its principal office located at the address listed in Section 3, to perform FRFS Testing of the Sponsored Party’s software product(s) or service(s) as described in section 4.2. We represent and warrant that we use the Sponsored Party’s software products or services to facilitate our use of one or more Federal Reserve Financial Services. We understand that the Sponsored Party’s completion of any FRFS Testing is separate from any implementation by us of the Sponsored Party’s software product(s) or service(s) and our operational readiness testing of any such implementation. This Sponsorship Agreement must be signed by an authorized individual listed on the Sponsoring Depository Institution’s Official Authorization List filed with the Federal Reserve Banks.
