Common use of File Transfer Services Clause in Contracts

File Transfer Services. 3.1 If the File Transfer is registered by the Application and the relevant Consents are submitted by the Customer, the Bank shall provide to the Customer the payment services through the file transfer function (the “File Transfer Services”). 3.2 The Customer shall transfer to the Bank the data (the “Data”) through the file transfer function and in the form set forth by the Bank. The Customer shall, immediately after the transmission of the Data, notify the Bank thereof in the manner designated by the Bank. The Data shall become firm and fixed, if and when the Bank receives such notice and becomes aware of the Data. 3.3 The following provisions shall apply with respect to the bulk money transfer (the “Bulk Money Transfer”) in the File Transfer Services: (1) the Bank is hereby authorized to debit from the account designated in the Data (the “Settlement Account”) the amount of transfer (including the transfer charges) without any check or any withdrawal slip with its bank book; (2) the provisions in (2) to (5) of Clause 2.2 (provided that (i) “Money Transfer” shall read as “Bulk Money Transfer” and (ii) “Account” shall read as “Settlement Account”); and

File Transfer Services. 3.1 3.1. If the File Transfer is registered by the Application and the relevant Consents are submitted by the Customer, the Bank shall provide to the Customer the payment services through the file transfer function (the “File Transfer Services”). 3.2 3.2. The Customer shall transfer to the Bank the data (the “Data”) through the file transfer function and in the form set forth by the Bank. The Customer shall, immediately after the transmission of the Data, notify the Bank thereof in the manner designated by the Bank. The Data shall become firm and fixed, if and when the Bank receives such notice and becomes aware of the Data. 3.3 3.3. The following provisions shall apply with respect to the bulk money transfer (the “Bulk Money Transfer”) in the File Transfer Services: (1) the Bank is hereby authorized to debit from the account designated in the Data (the “Settlement Account”) the amount of transfer (including the transfer charges) without any check cheque or any withdrawal slip with its bank book; (2) the provisions in (2) to (5) of Clause 2.2 (provided that (i) “Money Transfer” shall read as “Bulk Money Transfer” and (ii) “Account” shall read as “Settlement Account”); and