Participating FIs definition

Participating FIs means American Express International, Inc., Australia and New Zealand Banking Group Limited, Bank of China Limited Singapore, CIMB Bank Berhad, Citibank Singapore Limited, DBS Bank Ltd, Diners Club Singapore Pte Ltd, HSBC Bank (Singapore) Limited, Industrial and Commercial Bank of China Limited, Malayan Banking Berhad, Oversea-Chinese Banking Corporation Limited, RHB Bank Berhad, Standard Chartered Bank (Singapore) Limited, United Overseas Bank Limited and such other financial institution(s) which may be added and/or substituted from time to time and their successors and/or assignees.

Participating FIs shall also include HL Bank and its successors and/or assignees. “Repayment Account” or “iSavings Account” has the meaning given to it in clause 22.1(a). “Internet Banking Facility” or “HL Bank Connect” has the meaning given to it in clause 22.1(b).

Examples of Participating FIs in a sentence

• For example, in order to protect you, Bank and the other Participating FIs, Bank may need additional time to verify your identity or the identity of the intended Receiver.

• Bank has no control over the actions of Receivers, other Participating FIs, other financial institutions, or any other third parties that could delay or prevent an RTP Payment.

• For example, in order to protect you, Bank, Zelle, and the other Participating FIs, Bank may need additional time to verify your identity or the identity of the intended payment recipient.

• All money will be transmitted directly between Bank and other Participating FIs. Before accessing the Service, you must complete the required Service Documentation which must be accepted by Bank.

• This service (the “Service”) allows you to use the RTP® payment network (“RTP Network”) to initiate credit transfers (“RTP Payments”) to businesses and consumers (“Receivers”) with deposit accounts at Participating FIs in real- time, twenty-four hours a day, seven days a week, fifty-two weeks a year.

• Under this service (the “Service”), Bank will grant you access to the Zelle® Disbursement Payments Service, which allows you to use the Zelle Network (“Zelle”) to transfer money using aliases, such as email addresses or mobile phone numbers, to consumers (“Users”) who are enrolled directly with Xxxxx or enrolled with Participating FIs. The Service enables you to initiate Payment Instructions from a Funding Account to accounts of Users.

• Bank has no control over the actions of Users, other Participating FIs, other financial institutions, or any other third parties that could delay or prevent a Transfer.

• This service (the “Service”) allows you to use the RTP® payment network (“RTP Network”) to initiate credit transfers (“RTP Payments”) to businesses and consumers (“Receivers”) with deposit accounts at Participating FIs in real-time, twenty-four hours a day, seven days a week, fifty-two weeks a year.