Interchange Transaction definition

Interchange Transaction means an agreement to transfer energy from a seller to a buyer that crosses one or more Balancing Authority Area boundaries.**
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Interchange Transaction means an electronic fund
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Interchange Transaction means an electronic fund transfer that results in exchange of data and settlement of funds between 2 or more unaffiliated financial institutions.
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Examples of Interchange Transaction in a sentence

  • Selective authorization cards are considered general-use prepaid cards, re- gardless of whether they carry the mark, logo, or brand of a payment card network, if they are redeemable at multiple, unaffiliated merchants.2(j) Interchange Transaction fee1.

  • An Interchange Transaction is considered to be in a restricted direction if it is at or above the Curtailment Threshold.

  • The Reloading/Reallocation status of each Interchange Transaction will be listed on IDC reports and NERC TLR website as appropriate.

  • Permission has not been given for Interchange Transaction to start or increase and is waiting for the next Reloading/Reallocation evaluation for which it is a candidate.

  • PROCEED: Interchange Transaction is flowing or has been permitted to flow as a result of Reloading/Reallocation evaluation.

  • The Balancing Authority will indicate through the E-Tag adjustment table to IDC if Interchange Transaction will reload, start, or increase next-hour per Purchasing-Selling Entity’s energy schedule as appropriate.

  • Interchange Transaction candidates are ranked for loading and curtailment by priority as per Section 4, “Principles for Mitigating Constraints On and Off the Contract Path.” This is called the “Constrained Path Method,” or CPM.

  • E-Tags must be submitted to the IDC by the approved tag submission deadline for Reallocation of the hour during which the Interchange Transaction is scheduled to start or increase to be considered for Reallocation.

  • Interchange Transactions using Firm Point-to-Point Transmission Service will be allowed to start as scheduled under TLR 3a as long as their E-Tag was received by the IDC by the approved tag submission deadline for Reallocation of the hour during which the Interchange Transaction is due to start or increase, regardless of whether the E-tag was submitted to the Tag Authority prior to TLR 2 or higher being declared or not.

  • Implementation guide used – National Electronic Data Interchange Transaction Set Implementation Guide, Benefit Enrollment and Maintenance, 834, ASC X12N 834 (005010X2201) from the Washington Publishing Company August 2006.


More Definitions of Interchange Transaction

Interchange Transaction means an energy or ancillary services transaction that crosses one or morebalancing authority area boundaries.[ Rules (2010-04-30), Alberta Reliability Standards (2014-10-01), Tariff (2011-07-01) ] "interconnected electric system"as defined in the Act means all transmission facilities and all electric distribution systems in Alberta that are interconnected, but does not include an electric distribution system or a transmission facility within the service area of the City of Medicine Hat or a subsidiary of the City, unless the City passes a bylaw that is approved by the Lieutenant Governor in Council under section 138of the Act.[ Rules (2010-12-01), Alberta Reliability Standards (2011-12-31), Tariff (2011-07-01) ] "interconnected transmission operator "means the entity outside of Alberta responsible for the reliability of its “local” transmission system, and that operates or directs the operations of the transmission facilities.[ Alberta Reliability Standards (2010-01-22) ] "interconnection"means the electrical connection of the AIES with any electric system in ajurisdiction bordering Alberta.[ Rules (2003-06-01) ] "interconnection"means the electrical connection of the interconnected electric system with any electric system in a jurisdiction bordering Alberta and when capitalized, it meansany one (1) of the three (3) major electric system networks in North America: Eastern, Western, and ERCOT.[ Alberta Reliability Standards (2014-10-01) ] "interconnection reliability operating limit Tv"means the maximum time that an interconnection reliability operating limit can be violated before the risk to the interconnection or other reliability coordinator area(s) becomes greater than acceptable. Each interconnectionreliability operating limit Tv must be less than or equal to thirty (30) minutes.[ Alberta Reliability Standards (2015-09-01) ]"interconnection reliability operating limits"means a system operating limit, that if violated, could lead to instability, uncontrolled separation or cascading outages that adversely impact thereliability of the bulk electric system.[ Alberta Reliability Standards (2014-10-01) ] "intermediate system"means a cyber asset or collection of cyber assets performing access control to restrict interactive remote access to only authorized users. The intermediatesystem must not be located inside the electronic security perimeter.[ Alberta Reliability Standards (2017-10-01) ] "interruptible demand"means the demand that a load market particip...
Sample 1
Interchange Transaction means an electronic fund transfer that results in exchange of data and settlement of funds between 2 or more unaffiliated financial institutions. "Issuer" means a person that issues a general use reloadable card or that person's agent with respect to the card. "Marketed or labeled as a gift card or gift certificate" means directly or indirectly offering, advertising, or otherwise suggesting the potential use of a card, code, or other device as a gift for another person. "Network" means an electronic information communication and processing system that processes interchange transactions. "Person" means a natural person, corporation, unit of government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. "Seller of goods and services" means a business entity other than a financial institution. "Switch" means an electronic information and communication processing facility that processes interchange transactions on behalf of a network. This term does not include an electronic information and communication processing company (1) that is owned by a bank holding company or an affiliate of a bank holding company and used solely for transmissions among affiliates of the bank holding company or (2) to the extent that the facility, by virtue of a contractual relationship, is used solely for transmissions among affiliates of a bank holding company, regardless of whether the facility is an affiliate of the bank holding company or operates as a switch with respect to one or more networks under an independent contractual relationship. "Terminal" means an electronic device through which a consumer may initiate an interchange transaction. This term does not include (1) a telephone, (2) an electronic device located in a personal residence, (3) a personal computer or other electronic device used primarily for personal, family, or household purposes, (4) an electronic device owned or operated by a seller of goods and services unless the device is connected either directly or indirectly to a financial institution and is operated in a manner that provides access to an account by means of a personal and confidential code or other security mechanism (other than signature), (5) an electronic device that is not accessible to persons other than employees of a financial institution or affiliate of a financial institution, or (6) an electronic device that is established by a financial institution on a proprietary basis that is identified as s...
Sample 1
Interchange Transaction means an agreement to transfer energy from a seller to a buyer that crosses one or more BA area boundaries.
Sample 1

Related to Interchange Transaction

  • Card Transaction means any purchase of goods and/or services or any transfer or cash advances effected by the use of a Card;

  • Card Transactions means any payment made for goods or services, cash withdrawals from a bank or financial institution (including ATM withdrawals) or transfer of funds made through the use of the Card or the Card number.

  • Interchange means the electronic exchange of Data between the Parties using the Adopted Protocol;

  • Excluded Transactions means:

  • Public-finance transaction means a secured transaction in connection with which:

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.