12 CFR 210.26 - Definitions.
As used in this subpart, the following definitions apply:
(a)Article 4A means article 4A of the Uniform Commercial Code as set forth in appendix B of this subpart.
(d)Beneficiary's bank has the same meaning as in Article 4A, except that:
(e)Fedwire is the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by this subpart. Fedwire does not include the system for making automated clearing house transfers.
(f)Interdistrict transfer means a funds transfer involving entries to accounts maintained at two Federal Reserve Banks.
(i)Payment order has the same meaning as in Article 4A, except that the term does not include automated clearing house transfers or any communication designated in a Federal Reserve Bank Operating Circular issued under this Subpart as not being a payment order.
(j)Sender's account, receiving bank's account, and beneficiary's account mean the reserve, clearing, or other funds deposit account at a Federal Reserve Bank maintained or used by the sender, receiving bank, or beneficiary, respectively.
Title 12 published on 11-Apr-2017 03:57
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 210 after this date.