Funds-transfer business day definition
Funds-transfer business day of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.
Funds-transfer business day of a receiving bank means the
Funds-transfer business day. ’ of a receiving bank means the part of a day during which the receiving bank is open for the receipt, proc- essing, and transmittal of payment orders and cancellations and amend- ments of payment orders.
More Definitions of Funds-transfer business day
Funds-transfer business day of a re- ceiving bank means the part of a day during which the receiving bank is open for the re- ceipt, processing and transmittal of payment orders and cancellations and amendments of payment orders.
Funds-transfer business day of a receiving bank means the part of
Funds-transfer business day of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment
Funds-transfer business day means the part of the day during which the Bank is open for the receipt, processing, and transmittal of Payment Orders and cancellations and amendments of Payment Orders and Reverse Wire Transfers (if applicable).
Funds-transfer business day of a receiving bank means the part of a 2 day during which the receiving bank is open for the receipt, 3 processing, and transmittal of payment orders and cancellations and 4 amendments of payment orders. 5 (5) 'Funds-transfer system' means a wire transfer network, automated 6 clearinghouse, or other communication system of a clearinghouse or 7 other association of banks through which a payment order by a bank 8 may be transmitted to the bank to which the order is addressed. 9 (6) 'Good faith' means honesty in fact and the observance of reasonable 10 commercial standards of fair dealing. 11 (7) 'Prove' with respect to a fact means to meet the burden of establishing 12 the fact (G.S. 25-1-201(8)). 13 (b) Other definitions applying to this Article and the sections in which they 14 appear are: 15 'Acceptance' G.S. 25-4A-209 16 'Beneficiary' G.S. 25-4A-103 17 'Beneficiary's bank' G.S. 25-4A-103 18 'Executed' G.S. 25-4A-301 19 'Execution date' G.S. 25-4A-301 20 'Funds transfer' G.S. 25-4A-104 21 'Funds-transfer system rule' G.S. 25-4A-501 22 'Intermediary bank' G.S. 25-4A-104 23 'Originator' G.S. 25-4A-104 24 'Originator's bank G.S. 25-4A-104 25 'Payment by beneficiary's bank to beneficiary' G.S. 26 25- 27 4A- 28 405 29 'Payment by originator to beneficiary' G.S. 25-4A-406 30 'Payment by sender to receiving bank' G.S. 25-4A-403 31 'Payment date' G.S. 25-4A-401 32 'Payment order' G.S. 25-4A-103 33 'Receiving bank' G.S. 25-4A-103 34 'Security procedure' G.S. 25-4A-201 35 'Sender' G.S. 25-4A-103. 36 (c) The following definitions in Article 4 apply to this Article: 37
Funds-transfer business day means each day on which commercial banks are normally open to conduct business in New York, New York.
Funds-transfer business day of a Receiving Bank shall mean the part of a day during which such Receiving Bank is open for the receipt, processing and transmittal of Payment Orders and cancellations and amendments of Payment Orders.