Identification Method definition

Identification Method means an electronic digital signature, dynamic identification, biometric identification or a unique user identifier (DISC, QR code, PIN, USSD/SMS messages, Access code, Code word, cell phone number registered with the Bank) and / or other confirmation of the will of the Client in the manner prescribed by internal documents of the Bank, intended to identify the Client in the process of access and use of remote service channels and used by the Client to perform transactions. The use of the Identification Method certifies the fact of drafting and/or reading, and/or signing by the Client of an electronic message, electronic document, including an agreement in electronic form, concluded through Remote Service Channels; The use of the Identification Method in the transaction is recognized by the parties as a transaction made in writing, determining the parties and the content of their expression of will. The Bank independently determines which of the above Identification Methods will be used in this or that case;
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Identification Method is the way IVB uses identification elements to identify customers when using service.
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Examples of Identification Method in a sentence

  • Custodian uses a Specific Identification Method of lot selection as a default in most accounts in order to realize taxable gains or losses in a manner that may be most beneficial to the Client.

  • By signing this agreement Client issues a standing order to Custodian to use the Specific Identification Method (for which Custodian uses a long term high cost method) of tax lot selection.

  • By signing such order, Client issues a standing order to Custodian to use the Specific Identification Method of tax lot selection.

  • Identification Method Two is applicable to employees who perform the function during less than half of their work time and are not otherwise covered by Identification Method One.

  • Identification Method Two is used only to identify positions to which Method One is not applicable.

  • Under Identification Method Two, the losing competitive area must identify the number of positions it needed to perform the transferring function.

  • Identification Method One must be used to identify each position to which it is applicable.