Cash Letter definition

Cash Letter means a group of checks accompanied by a list containing the dollar amount of each check, the total amount of the checks and the number of checks in the cash letter or Deposit File.
View Source
Cash Letter includes both a paper cash letter and an image cash letter.
View Source

Examples of Cash Letter in a sentence

  • The File must be in the format and meet the specifications required by the Universal Companion Document X9.37 or any other agreed upon format as may be set forth in Bank’s then current procedures pertaining to Image Cash Letter Service (the Procedures”).

  • Subject to the terms and conditions of this Agreement, Bank shall provide to Customer a Service which allows Customer to leverage Customer’s existing imaging infrastructure to capture images of consumer and business checks received at Customer’s offices in an Image Cash Letter file (“File”) and transmit the File to Bank for processing in accordance with the terms of this Agreement.

  • The terms and conditions enumerated below apply solely to Bank’s Image Cash Letter Service.

  • Presenting Bank – a banking institution nominated by the Bank or the Collecting Bank, which presents the Collection Order to the Receiver and/or ensures in exchange for the Cash Letter the Collection Payment and/or fulfillment of other conditions.

  • Cash Letter – following documens received/handed over on the basis of the Annex No. 2 of the Collection Agreement (hereinafter referred to as the Delivery and Acceptance Report) executed between the Parties: Financial Document – bill of exchange, check or other similar securities; Commercial Document – invoice, shipment document, document accompanying Commodity and other similar document, other than Financial Document.

  • Items received for processing against the Transferred Accounts shall be grouped and delivered to Purchaser within the time limits provided by the Alabama Uniform Commercial Code in a special cash letter separately identified as "Transferred Accounts Cash Letter".

  • Client may choose to capture and then transmit image files to Bank using Client’s own software solution through Bank’s Image Cash Letter Service.

  • Cash Letter of Credit* Surety Bond* Cashier’s Check N/A *Updated form of Performance Assurance must be posted at the time the request for assignment is made.

  • Seller shall post “Operating Security” (separate from Delay Security) of [[INSERT]] United States dollars ($ ) in the form of Cash, Letter of Credit, Guaranty, or other form of Credit Support Security acceptable to Avista.

  • Seller, or its Affiliate, shall post “Delay Security,” in accordance with Section 5.3.5, in the form of Cash, Letter of Credit, Guaranty, or other form of Credit Support Security acceptable to Avista.