Ordering bank definition
Ordering bank means the bank or financial institution which requests the transfer of funds on behalf of a natural or legal person.
Ordering bank means the financial institution which initiates the wire transfer and transfers of funds upon receiving the request for a wire transfer on behalf of the originator.
Ordering bank means a bank that sends a payment order to debit its account in IPS system;
More Definitions of Ordering bank
Ordering bank means the bank which acts on behalf of the originator in ordering or initiating the wire transfer;