Common use of Timing of transaction) Clause in Contracts

Timing of transaction). For TWD/foreign currency demand deposit accounts, the cutoff time for interest accrual is 12a m each day for both loans and deposits. Transactions completed before the cutoff time are treated as current day transactions; those that are completed after the cutoff time are treated as next day transactions. Whether a transaction request is initiated within or after the cut-off time depends on the time at which the bank receives the instruction.