Common use of Timing of Transfers Clause in Contracts

Timing of Transfers. It may take up to three (3) Business Days before any standard processing Transfer is Completed. Your Transfer Instructions should allow for this time period between the Send On date and the time your Transfer has been Funded. No further Transfer Instruction will be accepted before completion of a pending Transfer, but you may schedule a Transfer to occur thereafter. The processing of Transfer Instructions received before the Cutoff Time of 2:00 PM will begin on the same day. Instructions made after the Cutoff Time of 2:00 PM ET may not be processed until the following Business Day. When submitting Instructions you should make allowance for the Cutoff Time.