Transaction Bank definition

Transaction Bank means BNYM in its capacity as transaction bank and its permitted successors or assigns from time to time or any other person for the time being acting as transaction bank pursuant to the Cash Allocation, Management and Payments Agreement.

Transaction Bank means BNP Paribas Securities Services, Milan Branch, a company incorporated under the laws of the Republic of France, acting through its Milan branch, having its registered office at Piazza Lina Bo Bardi, 3, 20124, Milan.

Transaction Bank means BNP Paribas Securities Services, Milan Branch, or any other entity from time to time acting as transaction bank.

Examples of Transaction Bank in a sentence

• If Bank has credited the Operating Account or Reserve Account for such a Transaction, Bank may return the Transaction to the Merchant, and Merchant shall pay Bank the amount of the Transaction.

• The Transaction Bank will act as such pursuant to the Programme Cash Allocation, Management and Payments Agreement and each Series CAMPA.

• If Merchant presents to Bank for collection any prohibited Transaction, Bank may: (a) immediately terminate this Agreement; (b) withhold funds and establish a Reserve Account as provided herein; and (c) report Merchant to Visa, MasterCard and Discover’s MATCH file.

• The team members are geographically distributed over several countries in Europa and Asia.Like Case 1, the organization follows agile software development practices, based upon the Scrum methodology[22] and the teams conduct 60 minutes distributed retrospectives regularly.

• With reference to each Transaction, pursuant to the Programme Cash Allocation, Management and Payments Agreement and the relevant Series CAMPA, the Issuer will establish the relevant Liquidity Reserve Account with the Transaction Bank.

• With reference to each Transaction, pursuant to the Programme Cash Allocation, Management and Payments Agreement and the relevant Series CAMPA, the Issuer will establish the relevant Additional Reserve Account with the Transaction Bank.

• Client will be responsible for any erroneous or duplicate Transaction Bank receives in Client’s name.

• Transaction Bank BNP PARIBAS SECURITIES SERVICES, MILAN BRANCH,acting as transaction bank pursuant to the Cash Administration and Agency Agreement or any person from time to time acting as transaction bank (the “Transaction Bank”).

• With reference to each Transaction, pursuant to the Programme Cash Allocation, Management and Payments Agreement and the relevant Series CAMPA, the Issuer will establish the relevant Payments Account with the Transaction Bank.

• The following paragraphs describe the business activities of each corporate division: Corporate & Investment Bank Corporate & Investment Bank combines the Corporate Finance, Global Markets and Global Transaction Bank- ing business.