Examples of Remitter in a sentence
With regard to funds transfers, you will encounter some basic terms frequently, which are listed below: Field/ TermExplanationApplicabilitySWIFT EquivalentOrdering CustomerThe initiator of the transfer instruction also referred to as the Remitter.
If you do not specify the debit currency, the currency of the account entered in the Remitter Account field will be taken as the debit currency for the transfer.
Current Savings SNRR NRE NRO FCNR Others Remitter LEI No.:Validity Date: D D M M Y Y Y Y Beneficiary NameInvesco Mutual FundBeneficiary LEI No.:549300ON71F6PVXRBF54 Validity Date: D D M M Y Y Y Y Branch Address MICR Code4 NEFT/RTGS/IFSC Code5 Please provide a cancelled cheque leaf of the same bank account as mentioned above.
It could be either:• Remitter – All Charges• Beneficiary – All Charges Remitter – Our ChargesNOTE: Remitter – All Charges - Corresponds to ‘OURS’ in Field 71 A of SWIFT MT 103 /103+.
In addition, the provider must be able to cooperate with the information and automation requirement of the district’s Common Remitter Service and our Plan Administrator.