payable-through account means an account maintained at the correspondent bank by the respondent bank but which is accessible directly by a third party to effect transactions on its own behalf;
payable-through account means an account maintained with the payment service provider by the respondent financial institution for the provision of correspondent account services, but which is accessible directly by a third party to effect transactions on its own behalf;
payable-through account means a correspondent account that is used directly by third parties to transact business on their own behalf;
More Definitions of payable-through account
payable-through account means an account maintained at the correspondent bank by the respondent bank which is accessible directly by a third party to affect transactions on its own (respondent bank’s) behalf.
payable-through account means an account maintained by a correspondent institution that may be operated directly by a customer of the respondent institution;
payable-through account means correspondent accounts that are used directly by third parties to transact business on their own behalf;
payable-through account. ’ means an ac- count, including a transaction account (as defined in section 19(b)(1)(C) of the Federal Reserve Act), opened at a depository institu- tion by a foreign financial institution by means of which the foreign financial institu- tion permits its customers to engage, either directly or through a subaccount, in banking activities usual in connection with the busi- ness of banking in the United States.
payable-through account means an account maintained at the Depository by the respondent financial institution for the provision of correspondent account services, but which is accessible directly by a third party to effect transfers on its own behalf;
payable-through account means an account maintained by a correspondent bank which may be operated directly by a customer of the respondent bank;
payable-through account means correspondent accounts used directly by a third party to transact business on their own behalf.