Electronic Payment Instruction definition

Electronic Payment Instruction or “EPI” means a payment instruction generated by HKSCC and forwarded for processing to the Designated Bank of a Participant via the Clearing House of HKAB, to effect (i) money settlement between two Participants in relation to Isolated Trades or SI or ISI Transactions in CCASS on a DVP basis; (ii) payment of application monies to Issuers and refund monies to Participants; or (iii) payment of money by Clearing Participants or Custodian Participants to their SSA Statement Recipients in respect of STI Transfers on a DVP basis; “Eligible Security” means an issue of securities including but not limited to China Connect Securities, Foreign Securities, Debt Securities, Depositary Receipts, Structured Products, Exchange Fund Notes, Government Bonds, Specified Instruments, CMU Instruments, warrants, options and Units and other rights under collective investment schemes, which is from time to time and for the time being accepted as eligible by HKSCC for deposit, clearance and settlement in CCASS, in accordance with Rule 501, and (a) where the context so requires shall include any particular security or securities of such an issue and (b) unless the context will not admit, shall include, upon their issue, all New Issue Shares so accepted as eligible; “Exchange Trade” means a trade in an Eligible Security (other than a China Connect Security) either reported to the Exchange by an Exchange Participant or effected on the Exchange; “Forced-Sale Notice” means a notice which may from time to time be issued by HKSCC, the Exchange or the SEHK Subsidiary to a Participant or an NCP of the Participant, requiring the Participant or the NCP to reduce its or its clients’ relevant holdings in a China Connect Security in compliance with any foreign shareholding limit imposed under the applicable laws of Mainland China;
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Electronic Payment Instruction. – means any Instruction
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Electronic Payment Instruction or “EPI” means a payment instruction generated by HKSCC and forwarded for processing to the Designated Bank of a Participant via the Clearing House of HKAB, to effect (i) money settlement between two Participants in relation to Isolated Trades or SI or ISI Transactions in CCASS on a DVP basis; (ii) payment of application monies to Issuers and refund monies to Participants; (iii) payment of money by Clearing Participants or Custodian Participants to their SSA Statement Recipients in respect of STI Transfers on a DVP basis; or (iv) payment of fees and expenses by Participants other than Investor Participants to HKSCC for CCASSservices;
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Examples of Electronic Payment Instruction in a sentence

  • Condition Precedent to Liability: It is a condition precedent to Insurer liability under this Endorsement that the handwritten authorised signatures of the Assured’s Employees upon the Electronic Payment instruction be verified by the Assured’s Employee prior to acting upon such Electronic Payment Instruction and that such Employee has actual physical possession of the original Electronic Payment Instruction at the time of such verification.

  • Special Conditions: It is a condition precedent to Underwriters’ liability under this Endorsement that the hand-written authorised signatures of the Participant’s Employees upon the Electronic Payment Instruction be verified by the Participant’s Employee prior to acting upon such Electronic Payment Instruction and that such Employee has actual physical possession of the original Electronic Payment Instruction at the time of such verification.

  • Electronic Payment Instruction Verification PolicyThis policy was created specifically to address supply chain fraud which can occur when payments are diverted to an unintended bank account by fraudulent people or entities skilled at circumventing internal procedures designed to ensure that payments are routed correctly to legitimate suppliers.

  • Debit Authorisation for Electronic Payment Instruction and Authorisation to Disclose Information Form (for effecting electronic payment to other Participants of CCASS)c.

  • If the Customer gives an Electronic Payment Instruction to the Bank, the Bank shall not be liable for any failure to make or delay in such payment or for any loss or damage which the Customer may incur as a result thereof.

  • The Bank shall use reasonable endeavours to give notice of any suspension, cancellation or withdrawal of the Electronic Payment Instruction Facility as mentioned above, but failure to give such notice shall not impose any liability on the Bank for any loss or damage arising in the event of the unavailability of the Electronic Payment Instruction Facility.

  • All the banks provide Direct Debit Instruction (DDI), Direct Credit Instruction (DCI) and Electronic Payment Instruction (EPI) services for CCASS money settlement to market intermediaries who are our clearing, custodian and stock pledgee participants.


More Definitions of Electronic Payment Instruction

Electronic Payment Instruction means NACH or any other electronic standing instructions, means the electronic clearing services and electronic payment services, notified by the Reserve Bank of India (“RBI”) from time to time;
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Related to Electronic Payment Instruction

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Electronic Payment System means a payment system that generates any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, which is initiated through an electronic terminal, telephone, mobile phone, computer, or magnetic tape, for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account. The term includes debit cards, wire transfers, transfers made at automatic teller machines, and point-of-sale terminals.

  • Irrevocable Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Special Instruction Form means a standardized form prescribed by the Management Company to be duly filled by the investor to change his/her particulars and will be stated in this Offering Document.

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.