Member Cooperative Banks definition

Member Cooperative Banks means the member cooperative banks of OP Financial Group;
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Examples of Member Cooperative Banks in a sentence

  • Operational Model The Issuer’s Cover Asset Pool under this Programme may consist of Mortgage Loans and Public-Sector Loans transferred from the Member Cooperative Banks pursuant to the Transfer and Servicing Agreements and/or registered pursuant to the Intermediary Loan Agreements and/or originated on the Issuer’s behalf by the Member Credit Institutions.

  • During this period, the Issuer has not purchased housing loans from the Member Cooperative Banks.As at 30 September 2019, a total of 121 Member Cooperative Banks have intermediary loans from the Issuer, worth a total of €7,776 million (€6,776 million as at 31 December 2018).Households accounted for 99.9 per cent.

  • Instead, the credits granted from its total assets are forwarded to customers via the Member Credit Institutions.The Member Cooperative Banks manage customer relationships and loans locally.

  • If the forbearance request is granted the account is monitored in accordance with the Society’s policy and procedures.

  • The Member Cooperative Banks that have signed the loan brokerage agreement may, within certain limits, decide on housing loans to be granted to households on behalf of the Issuer.At the end of September 2012 the number of Member Cooperative Banks that had signed a renewed agreement on loan brokerage with the Issuer stood at 167.

Related to Member Cooperative Banks

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution identified as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 5.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Reporting Financial Institution means any Member State Financial Institution or San Marino Financial Institution, as the context requires, that is not a Non-Reporting Financial Institution.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);