Common use of Liability for poorly executed Clause in Contracts

Liability for poorly executed. transactions A payment order executed in accordance with the unique identifier that you provided is deemed to have been duly executed with regard to the beneficiary designed by the unique identifier. If the unique identifier that you provided is inaccurate, the Bank is not liable for the poor execution of the payment transaction. However, in the event a payment transaction is poorly executed because you provided incorrect bank details: - the Bank will attempt to recover the corresponding funds; - if the Bank is unable to recover the corresponding funds, it will provide you, at your request, with the information at its disposal that can be used to document the court proceeding undertaken to recover the funds; - the Bank may charge you for collection fees, in accordance with the Bank Charges Leaflet in force. If you provide information in addition to the unique identifier, the Bank is only liable for executing the payment transaction in accordance with the unique identifier that you provided. While it is liable for failure to execute or poor execution of a payment transaction, and barring instructions from you to the contrary, the Bank (depending on the case): - recredits your account for the amount of the poorly executed transaction and, where applicable, restores the account to the position it would have had if the payment transaction had not taken place (credit transfers issued or direct debit notices received), - immediately credits your account for the amount of the transaction (credit transfers received or direct debit notices issued), - submits the payment order to the payment service provider of the originator (debtor) (direct debit notices issued). All of the above provisions also apply to any failure to execute or poor execution of a payment transaction attributable to a payment initiation service provider.