We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Beneficiary Banks definition

Beneficiary Banks mean any and/or all bank(s) whose name has been listed on the Business Internet Banking and to whom payment may be made to bank accounts in these banks through Business Internet Banking.
Beneficiary Banks means, collectively, Nepal Bank Limited and Rastriya Banijya Bank collectively;

Examples of Beneficiary Banks in a sentence

  • WUBS may vary these fees from time to time and will provide you with notice prior to doing so.In addition to the fees charged by WUBS for sending payments by Telegraphic Transfer, any Correspondent, Intermediary or Beneficiary Bank(s) which facilitates the sending or payment of a Telegraphic Transfer may impose their own additional fees or charges which may be deducted from the amount paid to you or your Beneficiary.

  • Historically, there are many factors which affect the voters‟ decision in Punjab general elections including the Biradari, religious sects, party affiliation, community interests etc.

  • There is no new money involved with LAAs, although government expect that some efficiency savings should be possible.

  • In addition to the fees charged by WUBS for sending payments by Wire Transfer or for issuing Drafts for Vanilla Options, any Correspondent Bank, Intermediary Bank or Beneficiary Bank(s) which facilitates the sending or payment of Wire Transfers/ Drafts may impose their own additional fees or charges which may be deducted from the amount paid to you or your beneficiary.

  • The EPC co- Chair explained in more detail the tools and the parameters that Originator Banks and Beneficiary Banks use to screen the SCT Inst transactions.

  • Beneficiaries and their Beneficiary Banks will be free to agree on the use of camt.054 or not.Out of the public consultation, the SEMWG noted diverging views between the EPC scheme participants and some other contributors on its enforceability (recommended vs.

  • The quality of the outcome of the RFRO procedure would improve substantially.To achieve as much as possible consistency between similar types of exception handling, the SEMWG recommends extending the maximum period for Beneficiary Banks to respond to a Recall procedure from 10 to 15 Banking Business Days.

  • Already today, Beneficiary Banks can offer such notification message services to their Beneficiaries.

  • The Originator Bank only sends SCT transaction messages with ERI to Beneficiary Banks that are participants to the SCT ERI option.

  • Outward Transfer/ Remittance Local (AED) AED 78.75 Outward Transfer/ Remittance Local (Foreign Currency) AED 105 Outward Transfer/ Remittance International AED 105 Outward Transfer/ Remittancerelated Amendment / Enquiry from Beneficiary Banks / OFAC related queries (other than PKR Remittance) AED 105 Customer Request for Recall of Funds AED 52.50 Transfers to Other Bank Accounts in UAE (UAE Funds Transfer System)  Remitting Bank  From Branch  From Online Banking  Beneficiary Bank beneficiary bank.

Related to Beneficiary Banks

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • primary beneficiary means the individual for whose primary benefit the trust is then held.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • The Bank means the State Bank of India (including domestic branches and foreign offices), Subsidiaries and Joint Ventures, where the Bank has ownership of more than 50% of voting securities or the power to direct the management and policies of such Subsidiaries and Joint Ventures:< Strike of whichever is inapplicable.>

  • Joint Annuitant means the one person that a retired member who has elected an optional

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Spouse means, an individual who,

  • Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date.

  • School-age child means a minor who is at least six years old but younger than 18 years old and who is not emancipated.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • School age means children from 6 to 12 years of age and 5 year olds who are in full-day kindergarten.

  • land reform beneficiary , in relation to a property, means a person who -

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.