Customer identification definition

Customer identification means undertaking the process of CDD.
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Customer identification is defined in Section 8.11.2.
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Customer identification means identification of the Customer and/or representative thereof in accordance with the procedure established herein and in legal acts in force.
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Examples of Customer identification in a sentence

  • Customer shall also be required to: (i) first submit to NCR Voyix valid and correct Customer Identification Numbers (“MIDs”) for the Customer Locations then currently subscribing to either of the Network and Security Services to be covered under the Program portal or other means designated by NCR Voyix from time to time; (ii) provide updates to NCR Voyix of any Customer MIDs if they change for any reason by the same means as under subitem (a) and (c) adhere to the Additional Program Terms.


More Definitions of Customer identification

Customer identification means undertaking the process of CDD. Customer Due Diligence (CDD) The Company gets sufficient information necessary to establish, to their satisfaction, the identity of each new customer, whether regular or occasional and the purpose of the intended nature of relationship with an individual or dealing with the individual who is beneficial owner, authorised signatory or the power of attorney holder related to any legal entity. The Company taking note of the provisions of the Circular. The Company will obtain the customer identification information as per the Annexure - I and Annexure - II while undertaking the account based relationship.On-going Due Diligence / Monitoring of Transactions
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Customer identification. Name: _________________________________________ Property Address: _____________________________ Project Reference: ____________________________ Proposed Distribution Date: ___________________ DEPOSITS: (Certified) (Uncertified) (Cashier's) check(s) and/or wire(s) in the amount (s) of $__________________representing: ______________________________________________. ______________________________________________. ______________________________________________. DOCUMENT(S) DEPOSITS: Type of Documents: ____________________________. ____________________________. ____________________________. CONDITIONS FOR Chicago Title Insurance Company's service as escrow agent:
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Customer identification. Program (“CIP”) Services. (a) To help the Trust comply with its Customer Identification Program (which the Trust is required to have under regulations issued under Section 326 of the USA PATRIOT Act) PFPC will do the following: (i) Implement procedures under which new accounts in the Trust are not established unless PFPC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding “Customer” (as defined in 31 CFR 103.131). (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods of verification may consist of non-documentary methods (for which PFPC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which PFPC personnel perform enhanced due diligence to verify the identities of Customers the identities of whom were not successfully verified through the first-level (which will typically be reliance on results obtained from an information vendor) verification process(es). (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 103.131(b)(3). (iv) Regularly report to the Trust about measures taken under (a)-(c) above. (v) If PFPC provides services by which prospective Customers may subscribe for shares in the Trust via the Internet or telephone, work with the Trust to notify prospective Customers, consistent with 31 CFR 103.131(b)(5), about the Trust’s CIP. (vi) Set forth on a separate fee schedule compensation amounts due for these CIP Services. (b) Notwithstanding anything to the contrary, and without expanding the scope of the express language in this Section 17, PFPC need not collect the Data Elements for (or verify) prospective customers (or accounts) beyond the requirements of relevant customer identification program regulations (for example, PFPC will not verify customers opening accounts through NSCC) and PFPC need not perform any task that need not be performed for the Trust to be in compliance with relevant customer identification program regulations. (c) PFPC agrees to permit inspections relating to the CIP Services provided hereunder by U.S. Federal departments or regulatory agencies with appropriate jurisdiction and to make available to examiners...
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Customer identification means undertaking the process of CDD. “Person” has the same meaning as defined in the Act and includes:
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Customer identification means undertaking the process of CDD.viii. “KYC Templates” means templates prepared to facilitate collating and reporting the KYC data to the CKYCR, for individuals and legal entities.ix. “Non-face-to-face customers” means customers who open accounts without visiting the branch/offices of the Company or meeting the officials of the Companyx. “On-going Due Diligence” means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.xi. “Periodic Updation” means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank.xii. “Politically Exposed Persons” (PEPs) are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States/Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporations, important political party officials, etc.xiii. “Regulated Entities” (REs) means
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Customer identification means undertaking the process of CDD.“FATCA” means Foreign Account Tax Compliance Act of the United States of America (USA) which, inter alia, requires foreign financial institutions to report about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.
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Related to Customer identification

  • User Identification means any unique user name (i.e., a series of characters) that is assigned to a person or entity by the Insured.

  • Automatic Number Identification or "ANI" means a Feature Group D signaling parameter which refers to the number transmitted through a network identifying the billing number of the calling party.

  • Registry identification card means a document issued by the department pursuant to [section

  • Personal Identification Number (PIN) means a confidential four-digit code number provided to a calling card customer to prevent unauthorized use of his/her calling card number. LIDB and/or the LIDB administrative system can store a PIN for those line numbers that have an associated calling card.

  • Automatic Location Identification (“ALI”) means a feature that provides the caller’s telephone number, address and the names of the Emergency Response agencies that are responsible for that address.

  • Taxpayer Identification (TIN), as used in this provision, means the number required by the Internal Revenue Service (IRS) to be used by the offeror in reporting income tax and other returns. The TIN may be either a social security number or an employer identification number.

  • Employer identification number means the Federal Social Security number used on the Employer's Quarterly Federal Tax Return, U.S. Treasury Department Form 941.

  • Vehicle identification number means the number, letters, or combination of numbers and letters

  • Automatic Location Identification Gateway or "ALI Gateway" is a computer facility into which CLEC delivers Automatic Location Identification (ALI) data for CLEC Customers. Access to the ALI Gateway will be via a dial-up modem using a common protocol. "Automatic Number Identification" or "ANI" is the Billing telephone number associated with the access line from which a call originates. ANI and Calling Party Number (CPN) usually are the same number. "Automatic Route Selection" or "ARS" is a service feature that provides for automatic selection of the least expensive or most appropriate transmission facility for each call based on criteria programmed into a circuit Switch routing table or system.

  • MERS Identification Number The eighteen digit number permanently assigned to each MERS Designated Mortgage Loan.

  • Positive identification means a method of identifying a person that does not rely on the use of a private personal identifier such as a password, but must use a secure means of identification that includes any of the following:

  • Gender identity means a person's concept of self that may be different than their birth-assigned gender and related physical characteristics, societal attitudes and expectations.