Examples of OTC Clear Payment Instruction in a sentence
For the avoidance of doubt, when “black” rainstorm signal is hoisted, the initial queue mode of OTC Clear Payment Instruction shall be determined by the default queue mode in adverse weather/holiday as indicated by the paying Member in accordance with the Operating Procedures.
An OTC Clear Payment Instruction Value Today or OTC Clear Payment Instruction Value Forward Day will be generated according to the intended value day referred to in the corresponding OTC Clear Debit Request.
For the avoidance of doubt, an OTC Clear Debit Request which requests for the generation of an OTC Clear Payment Instruction Value Today received after the CHATS Bank Cut-off will be rejected.
HKICL, MA and SI shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.
An OTC Clear Debit Request for the generation of an OTC Clear Payment Instruction Value Forward Day for effecting payments through CHATS may not be made for value dates later than the last of the Supported Forward Days.
It is the Sending Member’s responsibility (or in relation to an OTC Clear Payment Instruction, the responsibility of the paying Member of the OTC Clear Payment Instruction) to ensure that there are sufficient funds in its Designated Settlement Account for settlement of Special Posting transactions.
HKICL, MA and CB shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.
Subject to Rule 6.3.14.3(b), a funds transfer initiated by an OTC Clear Payment Instruction Value Today will be settled through CHATS immediately upon the completion of its processing.
HKICL and MA shall not be liable for, and expressly exclude any such liability for, any direct, indirect, consequential, special or incidental damage, loss or expense, whether caused by negligence or otherwise, which arises directly or indirectly as a consequence of the processing or settlement of (or any failure or delay to process or settle), any OTC Clear Debit Request and OTC Clear Payment Instruction in accordance with these Rules.
In a case to which Rule 6.3.14.3(b)(i) applies, the relevant OTC Clear Payment Instruction Value Today will be settled through CHATS immediately upon the completion of its processing.