Designated Security Procedure definition

Designated Security Procedure refers, collectively, to Client Designated Security Procedures and BBH Designated Security Procedures.
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Examples of Designated Security Procedure in a sentence

  • By not affirmatively marking a checkbox below, Client is excluding such Designated Security Procedure with respect to FT Instructions.

  • BBH does not recommend the sending of FT Instructions by facsimile, telephonic, e-mail or other Client Designated Security Procedure.

  • Alternatively, the Client may elect in an Election Form to transmit an FT Instruction in accordance with a Client Designated Security Procedure.

  • The Authorized Person(s) may send an FT Instruction through a Client Designated Security Procedure, in lieu of a BBH Designated Security Procedure.

  • By not affirmatively marking a checkbox below, the undersigned Authorized Person is excluding such Designated Security Procedure with respect to FT Instructions.

  • BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms.

  • The purpose of using a Designated Security Procedure is to verify the authenticity of any FT Instruction and not to detect errors or omissions.

  • This Appendix A to the Funds Transfer Designated Security Procedures Election Form (“Election Form”) may be updated from time to time by BBH by electronic mail to the email address of any Authorized Person, in the event BBH determines it will no longer offer a particular Designated Security Procedure, will do so only on revised terms, or will offer a new Designated Security Procedure.

  • In electing to transmit an FT Instruction via a Client Designated Security Procedure, Client (a) agrees to be bound by the transaction(s) or payment order(s) specified on said FT Instruction, whether or not authorized, and accepted by BBH in compliance with such Client Designated Security Procedure, and (b) accepts the risk associated with such Client Designated Security Procedure and confirms it is commercially reasonable for the transmission and authentication of the FT Instruction.

  • BBH may accept a Client Designated Security Procedure but takes no responsibility for the reasonableness or security of the means utilized by Client.

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