Beneficiary's bank

Beneficiary's bank has the same meaning as in Article 4A, except that:
(1) The term is limited to a beneficiary's bank in a funds transfer any portion of which is sent through the Fedwire Funds Service;
(2) A Federal Reserve Bank need not be identified in the payment order in order to be the beneficiary's bank; and
(3) The term includes a Federal Reserve Bank when that Federal Reserve Bank is the beneficiary of a payment order.

Source

12 CFR § 210.26

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Scoping language

As used in this subpart, the following definitions apply:

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