Duties of the Beneficiary's Bank

Duties of the Beneficiary's Bank

This article explains the duties under Article 4A of the beneficiary's bank, including the circumstances under which the beneficiary's bank may incur liability with respect to a payment order it receives. The key concepts of "acceptance" and "rejection" of a payment ord...

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Bibliographische Detailangaben
Veröffentlicht in:The Business lawyer 1990-06, Vol.45 (3), p.1467-1471
Hauptverfasser: Ballen, Robert G., Diana, Natalie H.
Format: Artikel
Sprache:eng
Schlagworte:
Bank accounts
Bank credit
Bank service charges
Banking industry
Banks
Business orders
Charge accounts
Clearing banks
Compliance
Federal Reserve Bank
Payments
Regulations
Reserve banking
Transfer of funds
Uniform Commercial Code-US
Wire transfer
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Beschreibung
Zusammenfassung:This article explains the duties under Article 4A of the beneficiary's bank, including the circumstances under which the beneficiary's bank may incur liability with respect to a payment order it receives. The key concepts of "acceptance" and "rejection" of a payment order are defined.
ISSN:0007-6899
2164-1838