Bacs System definition

Bacs System means the system relating to the automated clearing and settlement of payments between Members or, as the context may require, the processes and all that is comprised in them for the clearing of payments between Members in relation to that system, as administered and operated by Bacs;
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Examples of Bacs System in a sentence

  • Bacs System: means the system relating to the automated clearing and settlement of payments operated by Bacs.

  • Commercial Computer Bureau: applies where You are a commercial computer bureau which is authorised by Us to make submissions to, receive output from or collect reports from the Bacs System on behalf of Your customers who may supply You with data in a variety of formats.

  • Contact: means a person who is authorised to access and use the Bacs System via Bacstel-IP (either using Digital Identification Service or ASM) on behalf of a member of the Bacs System (including for the avoidance of doubt the Bank) or a Service User (as the case may be).

  • Access Code: means the access code associated with a Contact ID as issued by the Bacs System to the relevant Contact or subsequently changed by the Bacs System or any Contact as contemplated by (amongst other documents) the Bacstel-IP Service User Guide.

  • Contact: means a person who is authorised to access and use the Bacs System via Bacstel-IP (using a Bacs Approved Bureau or ASM) on behalf of a member of the Bacs System (including for the avoidance of doubt the Bank) or a Service User (as the case may be).

  • Address: Xxxx X000, Xxxxxxxx 0, Xx. 00, Xxxxxxxx 14 Street, Beijing Economic and Technological Development Zone, Beijing; Telephone: 000-00000000 Fax: 000-00000000 Attention: Xxxxxxx Qiangdong Liu If to Party B: Beijing Jiasheng Investment Management Co., Ltd.

  • Primary Security Contact/PSC: means an individual authorised to access the Bacs System using ASM on behalf of Your Organisation and to whom a Contact ID and an Access Code have been issued by the Bacs System and who is authorised by Your Organisation to perform certain functions via the Bacs System including the ability to set up and maintain additional contacts.

  • You shall not, and shall ensure that Contacts do not, do anything in connection with the Bacs System via the Service outside the United Kingdom, the Channel Islands or the Isle of Man which would or is reasonably likely to result in the Bacs System or Us being in breach of any applicable laws or regulations outside the United Kingdom, the Channel Islands or the Isle of Man.

  • Direct debits and direct deposits are made using the Bacs System.

  • CAF is required to accept and comply with such standard terms, conditions or rules as Bacs may impose on its users from time to time (the “Bacs terms”) in return for that access and ability to use the Bacs System (the “Bacs user right”) which may cease to be permitted, withdrawn, suspended or terminated in accordance with the Bacs terms.

Related to Bacs System

  • SDX System means the system used by NERC to exchange system data.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Waterworks System means all waterworks and all appurtenances thereto, including water mains, service connections, pumping stations, wells, water storage facilities and treatment plants, and owned, controlled, maintained and operated by the City or by agreement between the City and others.

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • TA2000 System means DST’s TA2000TM computerized data processing system for shareholder accounting.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • PV System means, a photovoltaic system, including Solar Photovoltaic Panels, Inverters, Racking Systems, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring equipment, connectors, meters, disconnects and over current devices (including any replacement or additional parts included from time to time).

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Alarm system means equipment and devices assembled for the purpose of:

  • System Software means Software that provides the operating and management instructions for the underlying hardware and other components, and is identified as such in Appendix 4 of the Contract Agreement and such other Software as the parties may agree in writing to be Systems Software. Such System Software includes, but is not restricted to, micro-code embedded in hardware (i.e., “firmware”), operating systems, communications, system and network management, and utility software.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • Operating System refers to the software that manages the Hardware Device. You have the right to use the Operating System delivered with the Hardware Device (and any updates acquired through our technical support services) only as incorporated in, and as part of, the Hardware Device and subject to the terms of the license agreement(s) delivered with or on the Hardware Device. Current versions of the license agreements are located in the documentation for the Hardware Device.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • New tank system means a tank system that will be used to contain an accumulation of regulated substances and for which installation has commenced after January 14, 1987. (See also “Existing Tank System.”)

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.

  • Control system means the combination of capture and control devices used to reduce emissions to the atmosphere.

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • online interface means any software, including a website, part of a website or an application, that is operated by or on behalf of an economic operator, and which serves to give end users access to the economic operator's products;

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • IT System all computer hardware (including network and telecommunications equipment) and software (including associated preparatory materials, user manuals and other related documentation) owned, used, leased or licensed by or to the Company.