Interbank transfer definition

Interbank transfer means a transfer of funds from a payor to a payee in two separate banks under at least two payment orders. In an interbank transfer:
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Interbank transfer means transfer of funds from the instructor to the beneficent in two separate banks that have, at least two payment orders for each receiving bank other than the destination bank which performs the payment order of the sender by issuing the appropriate payment order to the receiving bank, with the last payment order sent to destination bank. Participants in an interbank transfer are the initiator, the initiating bank, destination bank and the beneficent and may include one or more intermediary banks. In an interbank transfer, in addition to action on behalf of the client, the bank can act on behalf of itself.
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Interbank transfer means a transfer of funds, from a payor to a payee in two separate banks, having at least two payment orders with each receiving bank other than the destination bank executing its sender’s payment order by issuing a corresponding payment order to a receiving bank, with the last payment order sent to the destination bank. Participants in an interbank transfer are the originator, originating bank, destination bank, and receiver, and may include one or more intermediary banks. In an interbank transfer, besides acting for a customer, a bank may act for its own account and its own name;
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Examples of Interbank transfer in a sentence

  • Authorization of all payment through fund transfer system / RTGS / CBS / Interbank transfer as per format enclosed with quotation document.

  • Tips to save you money 1 Interbank transfer in Hong Kong dollars The standard rate at a branch is HK$200, but if you use HSBC Internet Banking or HSBC Mobile Banking, the taritf is waived.

  • It is common ground that Mr. Mahmood is a director of the respondent.

  • Cash, Interbank transfer which includes Interbank GIRO (IBG), Instant Transfer and DuitNow, new funds received via telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks.

  • In an Interbank transfer, for each interbank Payment Order, the sending Bank settles with the Receiving Bank as provided in Article 13.

  • Authorization of all payment through fund transfer system / RTGS / CBS / Interbank transfer as per format enclosed with quotationdocument.

  • Cash, Interbank transfer which includes Interbank GIRO (IBG), Instant Transfer and DuitNow, new funds received via telegraphic transfer from other banks, local cheque or banker’s cheque issued by other banks which are deposited within one week from the date of deposit.

  • Authorization of all payment through fund transfer system / RTGS / CBS / Interbank transfer as per format enclosed with tender document.

  • Please arrange for your payment to reach us within 7 working days after receiving the Reference No. These modes of payment are accepted: • Cash Payment – available at our Training Centre at MDIS Dhoby Ghaut, 20 Orchard Road, Singapore 238830• Cheque – should be crossed and made payable to “Service Quality Centre Pte Ltd” together with Reference No. indicated on the reverse side of the cheque• Interbank transfer – please pay to United Overseas Bank (UOB) account no.

  • All SCCs should adopt an electric payment mode to MSF (e.g. GIRO or Interbank transfer).

Related to Interbank transfer

  • Interbank Offered Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%).

  • London Interbank Offered Rate has the meaning set forth in Section 2.07(b).

  • Relevant Interbank Market means the London interbank market.

  • Interbank Rate means, for any period, (a) in respect of Loans denominated in Dollars, the Federal Funds Effective Rate and (b) in respect of Loans denominated in any other currency, the Agent’s cost of funds for such currency (as reasonably determined by the Agent) for such period.

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • London Inter-Bank Offered Rate means, for any applicable interest period, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Bank from time to time) at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a term equivalent to such interest period. If such rate is not available at such time for any reason, then the rate for that interest period will be determined by such alternate method as reasonably selected by the Bank. A “London Banking Day” is a day on which banks in London are open for business and dealing in offshore dollars.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • Reuters Screen LIBOR Page means the display on the Reuters screen LIBOR01 page or LIBOR02 page, as specified in applicable pricing supplement, on the Reuters 3000 Xtra service (or any successor service) (or any replacement page or pages on the Reuters 3000 Xtra service or any successor service on which London interbank rates of major banks for the relevant index currency are displayed).

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Reuters Screen LIBO Page The display designated as page "LIBO" on the Reuters Monitor Money Rates Service (or such other page as may replace such LIBO page on that service for the purpose of displaying London interbank offered rates of major banks.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • Reuters Screen LIBOR01 means the display page currently so designated on the Reuters Screen (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices).

  • Overnight LIBOR Rate means, in relation to any Loan in a LIBOR Quoted Specified Alternative Currency for any day, a rate per annum equal to the London Interbank Offered Rate (“LIBOR”) for such currency or, if such rate is not available, a comparable or successor rate which rate is reasonably selected by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m. (London time) for an amount comparable to the amount of that Loan on such day for overnight deposits in the relevant currency, and, if any such applicable rate is below zero, the Overnight Libor Rate for such day will be deemed to be zero; provided, that, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

  • Index Currency means USD.

  • London Stock Exchange means London Stock Exchange plc;

  • the London Stock Exchange means London Stock Exchange plc;

  • Eurodollar Banking Day means any Banking Day on which dealings in Dollar deposits are conducted by and among banks in the Designated Eurodollar Market.

  • Hong Kong Dollar or “HK$” or “HKD” means the lawful currency for the time being and from time to time of Hong Kong.

  • Eurozone means the countries and territories listed in the Annex of Council Regulation (EC) No. 974/98 of 3 May 1998 on the introduction of the Euro, in its current version.

  • LIBOR Lending Office means, initially, the office(s) of each Lender designated as such Lender’s LIBOR Lending Office in such Lender’s Administrative Questionnaire; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which the LIBOR Rate Loans of such Lender are to be made.

  • Market Stand-Off" Agreement..................................... 10

  • Telerate Page 3750 means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices).