Paper Cheques definition

Paper Cheques means paper cheques, demand drafts, cashier’s orders, dividend warrants, remittance advices, travellers’ cheques, gift cheques and negotiable instruments drawn on Members in Hong Kong who are banks to be cleared and settled through CHATS on a bulk clearing basis as provided by these Clearing House Rules; and where the context so admits includes the front and reverse of such documents and for the avoidance of doubt excludes e-Cheques.
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Paper Cheques means paper cheques, demand drafts, cashier’s orders, dividend warrants, remittance advices, travellers’ cheques, gift cheques and negotiable instruments drawn on Members who are members of the
Sample 1

Examples of Paper Cheques in a sentence

  • This rule shall not apply to the production of images of Paper Cheques by HKICL for Group B Members in accordance with the Operating Procedures.

  • Paper Cheques collected from MC Banks shall be presented to HKICL by the MC Agent.

  • All Paper Cheques to be cleared and where appropriate images of Paper Cheques should be properly endorsed before being sent to the Clearing House.

  • In relation to Paper Cheques payable to GD Banks, references in these Rules to the presenting Member are references to the relevant GD Agent.

  • Members and each GD Agent (for relevant GD Banks) shall not return Paper Cheques unpaid on the ground that they do not bear the appropriate stamp, but shall liaise with the relevant Group A Member or HKICL (as appropriate) for confirmation.

  • In relation to GD Cheques or Paper Cheques payable by or to GD Banks, references in these Rules to amounts payable by or to a Member where that Member is a GD Agent include references to the amounts payable by or to the relevant GD Banks (which amounts shall be paid by or to the relevant GD Agent).

  • Group A Members who have given such notice may by 60 days’ prior notice in writing to HKICL revert to exchange of Paper Cheques through the Clearing House in accordance with Rule 7.5.1. All such notices must be given on behalf of all the Group A Members participating in the same exchange arrangement.

  • All Paper Cheques which have been delivered by Group B Members for the purpose of clearing pursuant to Rule 7.5.1(a) shall as evidence of such delivery and clearing be impressed by HKICL with a stamp on the reverse with the word “Clearing”, the date of presentation and the name of HKICL.

  • Group A Members who exchange Paper Cheques among themselves in the manner contemplated by this Rule shall ensure that each Paper Cheque that is cleared pursuant to an exchange among themselves in the manner contemplated by this Rule shall bear a notation with the word “clearing” and stating the date of presentation.

  • In order to identify the presenting Member, all Paper Cheques must be enfaced by the relevant presenting Member with a crossing stamp bearing the presenting Member’s name.

Related to Paper Cheques

  • Close financial association means an association in which the person filing shares significant financial involvement with an individual and the filer would reasonably be expected to be aware of the individual's business activities and would have access to the necessary records either directly or through the individual. "Close financial association" does not mean an association based on (i) the receipt of retirement benefits or deferred compensation from a business by which the person filing this statement is no longer employed, or (ii) the receipt of compensation for work performed by the person filing as an independent contractor of a business that represents an entity before any state governmental agency when the person filing has no communications with the state governmental agency.

  • Trade Instruments means any performance bonds, advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Paper means newspaper, high grade office paper, fine paper, bond paper, offset paper, xerographic paper, duplicator paper and related types of cellulosic material containing not more than ten per cent by weight or volume of noncellulosic material such as laminates, binders, coatings or saturants.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • Cash Equivalents (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least A-2 by S&P or P-2 by Xxxxx’x, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Xxxxx’x; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; and (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Cash and Cash Equivalents means cash and cash equivalents in accordance with the Accounting Principles.

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Money Market Obligations Trust Federated California Municipal Cash Trust Federated Connecticut Municipal Cash Trust Federated Florida Municipal Cash Trust Federated Georgia Municipal Cash Trust Federated Government Obligations Fund Federated Institutional Money Market Management Federated Institutional Prime 60-Day Max Money Market Fund Federated Institutional Prime Obligations Fund Federated Institutional Prime Value Obligations Fund Federated Institutional Tax-Free Cash Trust Federated Massachusetts Municipal Cash Trust Federated Institutional Prime 60 Day Fund Federated Michigan Municipal Cash Trust Federated Minnesota Municipal Cash Trust Federated Municipal Obligations Fund Federated New Jersey Municipal Cash Trust Federated New York Municipal Cash Trust Federated North Carolina Municipal Cash Trust Federated Ohio Municipal Cash Trust Federated Pennsylvania Municipal Cash Trust Federated Prime Cash Obligations Fund Federated Tax-Free Obligations Fund Federated Treasury Obligations Fund Federated Trust for U.S. Treasury Obligations Federated Virginia Municipal Cash Trust Amendment to Financial Administration and Accounting Services Agreement This Amendment to Financial Administration and Accounting Services Agreement (this “Amendment”) is dated as of October 14, 2015, by and among each of the investment companies listed on Exhibit A hereto (each, a “Trust”) and State Street Bank and Trust Company (“State Street” or “Administrator”).

  • Cards means either a Visa, MasterCard, Discover or American Express credit card, debit card (or other similar card that requires a PIN for identification purposes), or pre-paid, stored-value or gift card.

  • Cross-Collateralized Group Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. There are no Cross-Collateralized Groups included as assets of the Trust as of the Closing Date.

  • Commercial Paper Notes means any short-term promissory notes issued by or on behalf of a Conduit Lender with respect to financing any Loan hereunder.

  • Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).