Proper and Improper Execution of Payment Orders

Proper and Improper Execution of Payment Orders

Fundamental concepts concerning payment order execution are set forth. What constitutes proper execution and the rights and liabilities of parties in the event of improper execution are explained. The authors note that payment order execution is so important because it is the "pump" that c...

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Veröffentlicht in:The Business lawyer 1990-06, Vol.45, p.1447-1466
Hauptverfasser: Baxter, Thomas C., Bhala, Raj
Format: Artikel
Sprache:eng
Schlagworte:
Bank accounts
Bank credit
Bank liabilities
Bank loans
Banking
Banks
Business orders
CHIPS
Credit management
EFTS
Electronic funds transfer systems
Financial institutions
Liability
Money
Payments
Transfer of funds
Transfer payments
Uniform Commercial Code-US
Wire transfer
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Beschreibung
Zusammenfassung:Fundamental concepts concerning payment order execution are set forth. What constitutes proper execution and the rights and liabilities of parties in the event of improper execution are explained. The authors note that payment order execution is so important because it is the "pump" that causes funds to be transferred.
ISSN:0007-6899
2164-1838