Bank Control File Sample Clauses

The Bank Control File clause establishes a formal record or document maintained by a bank that details the security interests or control arrangements over specific accounts or assets. In practice, this file typically lists the parties with rights to the account, outlines any restrictions on withdrawals or transfers, and may include notifications of security interests granted to third parties, such as lenders. Its core function is to ensure that all parties, especially the bank and secured creditors, have a clear and authoritative reference regarding control and priority over the relevant accounts, thereby reducing the risk of disputes or unauthorized transactions.
Bank Control File. Access to define and modify parameters in the following BCF tables: • Table 611
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Bank Control File. Access to define and modify parameters in all BCF tables. Application Processing Base Prices Details July 16, 2004
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Related to Bank Control File

  • Exchange Control Notification Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. If there is an Australian bank assisting with the transaction, the Australian bank will file the report for the Participant. If there is no Australian bank involved in the transaction, the Participant must file the report.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Paper Document Controls In order to comply with the following paper document controls, the Contractor agrees to: A. Dispose of Medi-Cal PII in paper form through confidential means, such as cross cut shredding and pulverizing. B. Not remove Medi-Cal PII from the premises of the Contractor except for identified routine business purposes or with express written permission of DHCS. C. Not leave faxes containing Medi-Cal PII unattended and keep fax machines in secure areas. The Contractor shall ensure that faxes contain a confidentiality statement notifying persons receiving faxes in error to destroy them. Contractor personnel shall verify fax numbers with the intended recipient before sending. D. Use a secure, bonded courier with signature of receipt when sending large volumes of Medi-Cal PII. The Contractor shall ensure that disks and other transportable media sent through the mail are encrypted using a vendor product that is recognized as an industry leader in meeting the needs for the intended solution, such as products specified on the CSSI.

  • Termination of Reporting Obligation The Servicer’s obligation to deliver or cause the delivery of reports under this Section 3.5 will terminate on payment in full of the Notes.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.