BECS Procedures definition

BECS Procedures means the Bulk Electronic Clearing System Procedures as existing from time to time
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BECS Procedures means the procedures issued by the Australian Payments Network Ltd (ABN 12 055 136 519) that govern the operation of the Bulk Electronic Clearing System. “business day” means any day other than a Saturday, Sunday or Australian public holiday and on which financial institutions are able to effect settlement of payment transactions. “debit payment” means a particular transaction where a debit is made.
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BECS Procedures means the Procedures for Bulk Electronic Clearing System Framework (CS2) or any other relevant or replacement procedures which are published by the Australian Payments Network Limited from time to time.
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Examples of BECS Procedures in a sentence

  • They must comply with the BECS Procedures and with your Identity and Access Management Policy.

  • Your Sponsorship Agreement and the BECS Procedures take priority if there are any inconsistencies.

  • If there is any change in, or any change in the interpretation or application of the BECS Procedures or the BECS Regulations, Westpac reserves the right to vary any of the terms of this agreement to the extent necessary to comply with or give effect to any such change.

  • BECS addresses these matters through contingency procedures in the BECS Procedures.

  • Where the Customer is provided with their own credit user ID to make payments to other Australian domiciled bank accounts, they shall comply with the BECS Procedures and BECS Regulations available at www.apca.com.au.

  • You must comply with the Sponsorship Agreement you have with your Sponsor Financial Institution and with the BECS Procedures regarding your responsibilities as a Debit User.

  • If the Client provides you with instructions that are in accordance with the terms of the Payment Plan or otherwise consistent with the BECS Procedures, you must promptly comply with those instructions.


More Definitions of BECS Procedures

BECS Procedures means the procedures issued by the Australian Payments Network Ltd (ABN 12 055 136 519) that govern the operation of the Bulk Electronic Clearing System.
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BECS Procedures means procedures issued from time to time by AusPayNet and applying to BECS. The BECS Procedures are available at
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BECS Procedures means the procedures from time to time of the Bulk Electronic Clearing System, administered by APCA.
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Related to BECS Procedures

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;