Foreign currency payroll on CIB Sample Clauses

Foreign currency payroll on CIB. Customer registers addresses of Fax by which payroll records send and ensures that the contents send through this address are correct and valid. When Customer wants to change this address, Customer must notify the Bank in writing at least 01 working day before the date of salary transfer.  After the Customer has sent fully supporting documents to the Bank. Customer can log in CIB and execute payment of payroll in foreign currencies.  All payment orders in foreign currency have been approved by customers will not be credited to the beneficiary account immediately. The credit and payment orders are executed only when the Bank checked the details of payment orders with required supporting documents + If the Bank found out that the details of payment orders match with required supporting documents no later than 30 minutes from the reconciliation is completed, the beneficiary account will be credited.  If payroll payment orders are made on days off, holidays, these payment orders shall be executed by the Bank on the next working day 4.1 Account holder or the authorized account holder must be given by the Bank E-signature to send payment orders, money transfers or other transactions on CIB regulated by the Bank. 4.2 Customer may request the Bank reissue/ revoke / supplements E-signature(s) and must be registered in writing with the Bank (or by other means as defined by the Bank for each period or as agreed with Bank, if any). 4.3 E-documents include payment orders, debit advices, credit advices, account statements and other electronic documents as required by law with full authorized E-signature(s) to be printed from the CIB. The parties shall establish, use, control, process and store electronic documents accordingly to the regulations of prevailing Vietnamese laws.