Banking System definition

Banking System has the meaning given to that term in Section 1.1 of Schedule 11;
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Banking System means the banking system described in Section 4, for the transfer of funds from Pool Debtors to Pool Creditors in accordance with this Schedule, as amended or replaced from time to time in accordance with the provisions of the Agreement;
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Banking System means only the London clearing banks, the Scottish banks and the Banking Department of the Bank of England, the appropriate figures for other banks not being available for the same quarterly dates.
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Examples of Banking System in a sentence

  • In connection with the Quarterly Report of Columbia Banking System, Inc.

  • In fact, depositors are the major stakeholders of the Banking System.

  • The Bank is working on Core Banking System using Flex cube solutions.

  • CashCash comprises cash on hand and bank balances within the NSW Treasury Banking System.

  • As a State-owned bank, it is regulated by the Internal Regulations of the National Banking System (IRNBS), the Internal Regulations of the Central Bank of Costa Rica, and the Political Constitution of the Republic of Costa Rica.

  • In connection with the Annual Report of Columbia Banking System, Inc.

  • Salaries are paid monthly in arrears on the sixth last banking day of each month by the Business-On-Line Banking System which transfers payment directly to the employee’s bank or building society account.

  • Shares held by a depository may be transferred to an account of the Shareholder with the Central Administration, or to an account with other depositories approved by the Company or – with other depositories participating in the Euroclear or Clearstream Banking System S.A. clearing systems.

  • Accordingly, in compliance with Law No. 9094 “Repeal of Transition Provision VII of Law No. 8634”, in agreement with article 35 of Law No. 8634 “Development Banking System Act”, in meeting No. 119 of January 16, 2013, through agreement No. AG-1015-119-2013, Banco de Costa Rica and Banco Nacional de Costa Rica are appointed as managers for five years from the date of signing of the respective management agreements.

  • Cash comprises cash on hand and bank balances within the NSW Treasury Banking System.


More Definitions of Banking System

Banking System in this analysis means only the London clearing banks' the Scottish banks and the Banking Department of the Bank of England.
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Banking System means the procedures for quantifying, certifying, recording, and storing ERCs for future use or transfer.
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Banking System has the meaning specified in Section 3.3(d)(ii);
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Banking System means all banks in India including RRBs and co-operative banks and branches of Indian banks abroad.
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Banking System. Base Rate", "Billing System", "CHAPS", "Collection Account", "Confirmation Notice", "Credit Facility", "Credit Facility Contribution", "Default Interest Rate", "ERS Account", "Facility Bank", "Final Reconciliation Run", "Funds Transfer Agreement", "Funds Transfer Business", "Funds Transfer System", "GSP Group Control Total", "Information Systems", "Letter of Credit", "Local Branch", "Non-paying Pool Debtor", "Notification Date", "Notified Payment", "Notified Payment Shortfall", "Notified Payments System", "overpayment", "Payment Date", "Payments Calendar", "Pool Accounts", "Pool Banker", "Pool Borrowing Account", "Pool Clearing Account", "Pool Creditor", "Pool Debt", "Pool Debtor", "Pool Ledger Accounts", "Pool Reserve Account", "Pool Reserve Assets", "Postponed Payment Date", "Providing Member", "Reconciliation Notification Date", "Reconciliation Payment Date", "Relevant Provider", "Reserve Interest Rate", "Security Amount", "Security Cover", "Settlement Account", "Settlement Account Designation", "Settlement Bank", "Settlement Bank Mandate", "Settlement Payment Date", "Settlement Run", "Special Run", "Stage 1 Settlement Run", "Stage 2 Initial Settlement Run", "Timetabled Reconciliation Run" and "underpayment";
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Related to Banking System

  • Banking Services means each and any of the following bank services provided to the Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

  • Banking Services Provider means any Lender (other than a Defaulting Lender) or Affiliate of a Lender (other than a Defaulting Lender) that provides Banking Services to any Credit Party.

  • Clearing Systems means, in relation to a Series of Securities, any of Euroclear, Clearstream, Luxembourg and DTC, as the case may be, and includes any additional or alternative clearing systems specified in the Issue Terms.

  • Banking Services Reserves means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.

  • Inventory Tracking System means the required tracking

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • European Clearing Systems means, collectively, Clearstream, Luxembourg and Euroclear.

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • Banking Services Obligations means any and all obligations of the Borrower or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • energy management system means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Current service means the number of years and months of employment as an

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

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Merchant Transmission Facilities means A.C. or D.C. transmission facilities that are interconnected with or added to the Transmission System pursuant to Tariff, Part IV and Tariff, Part VI and that are so identified in Tariff, Attachment T, provided, however, that Merchant Transmission Facilities shall not include (i) any Customer Interconnection Facilities, (ii) any physical facilities of the Transmission System that were in existence on or before March 20, 2003 ; (iii) any expansions or enhancements of the Transmission System that are not identified as Merchant Transmission Facilities in the Regional Transmission Expansion Plan and Tariff, Attachment T, or (iv) any transmission facilities that are included in the rate base of a public utility and on which a regulated return is earned.