Common use of Processing of Instructions Clause in Contracts

Processing of Instructions. The Bank shall be entitled to consider any instructions and communication received via the Electronic Services to be issued by the Authorised User, authorised by the Professional and to be at the Client’s initiative. Instructions may be inspected and checked by the Bank before execution. The Bank reserves the right to: (a) suspend the execution of any instruction (including where the Account to be debited following the instructions does not have sufficient available funds) and request confirmation for any instruction transmitted via the Electronic Services; and (b) ask for additional information before executing instructions.

Appears in 2 contracts

Sources: Ekbl Pro Agreement, Ekbl Pro Agreement