Cross-border electronic banking : challenges and opportunities /: challenges and opportunities. (2000)

• Record Type: Book
• Further Information: Note: Edited by Chris Reed, Ian Walden and Laura Edgar.
• Other Names: Reed, Chris, 1956-; Walden, Ian; Edgar, Laura; Queen Mary and Westfield College (University of London)., Centre for Commercial Law Studies.; Queen Mary and Westfield College (University of London)., Information Technology Law Unit.
• Contents: Cover; Title; Copyright; Foreword; Introduction; Contents; Contributors; Table of Cases; Table of Legislation; CHAPTER 1 INTERNATIONAL FUNDS TRANSFERS: MECHANISMS AND LAWS; Introduction; I. International Large Value Transfers; (a) Credit transfers; (b) International credit transfer; (c) Concurrent international transfers and Herstatt risk; II. Large Value Transfer Systems: Components, Risks and Models; (a) LVTS components; (b) LVTS risks; (c) LVTS national models; (i) United States; (ii) Switzerland; (iii) United Kingdom; (iv) Japan; (v) Canada; (vi) France; (vii) Germany. (Viii) The European Union-Cross-border TransfersIII. The Law of Credit Transfers: Selected Comparative Aspects; (a) Basic concepts: characterisation, irrevocability and discharge; (b) Allocation of risks: default by the beneficiary's bank; (c) Allocation of risks: default by a bank other than that of the beneficiary; Conclusion; CHAPTER 2 WHOLESALE FUND TRANSFERS-UCC ARTICLE 4A; I. Introduction and Scope-UCC Article 4A; II. Article 4 Definitions and Scope; (a) Fundamental concepts; (b) Scope-payment order must be unconditional; III. Liability for Errors and Unauthorised Orders. (A) Authority to originate(b) Security procedure; (c) Commercially reasonable procedure required; IV. Obligations of a Bank Accepting a Payment Order; (a) In general; (b) Misdescription of beneficiary; (c) Preemption of other state law claims; V. Transmitting the Payment Order; VI. Fees and Settlement; VII. Payment; (a) Payment in general; (b) Payment and discharge between banks; (c) Obligation of beneficiary's bank to pay beneficiary; (d) Payment to the beneficiary; (e) Payment and discharge; VIII. Miscellaneous Article 4A Issues; (a) Variation by agreement or funds-transfer rule. (B) Effect of creditor process or injunction(c) The bank-customer relation; (d) Rate of interest; (e) Choice of law; (f) Statute of limitations; IX. Summary and Conclusions UCC Article 4A; X. Regulation J Subpart A: Collection of Checks Through Federal Reserve Banks; XI. Regulation J Subpart B: Fedwire; (a) Scope of Subpart B; (b) Impact of Subpart B; XII. Federal Choice of Law Provisions; XIII. Wire Transfer Monitoring Rules; XIV. The Treasury ""Travel Rule""; XV. Conclusion; CHAPTER 3 DEMATERIALISATION OF SHIPPING DOCUMENTS; I. Why Dematerialise?; II. Electronic Bills of Lading. III. Replacing the Document of Title: Property and Privity ProblemsIV. The CMI Model; V. Further Comments on the CMI Model; VI. An Alternative Model: Bolero; VII. Conclusion; VIII. A Note of Caution; CHAPTER 4 THE BOLERO SYSTEM; Introduction; Bolero and Traditional EDI; The Bolero.net product; The core messaging platform (inc. diag.); Digital signatures (inc. diag.); Public key certificates; Interoperability and standards; The Bolero Contractual Structure (inc. diag.); Enrolment; Legal Background; Legal Requirements for Writing; Admissibility of Electronic Evidence.
• Publisher Details: London Hong Kong : LLP
• Publication Date: 2000
• Extent: 1 online resource (xxvi, 240 pages), illustrations
• Subjects: 341.75110285; Banks and banking, International -- Automation; Banks and banking, International -- Law and legislation; Electronic funds transfers -- Law and legislation; LAW -- International; Internationaal bankwezen; Elektronisch betalingsverkeer; Electronic books
• Languages: English
• ISBNs: 9781317704621; 1317704622; 9781317704638; 1317704630
• Related ISBNs: 1859785557; 9781859785553
• Notes: Note: Includes bibliographical references and index.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.