How is Regional Processing Centre defined in a legal contract?
- Regional Processing Centre means the [center] of a [bank] where a [client] shall send physical checks, or their electronic images, to have the checks processed for clearing by the [bank]. Seen in 3 SEC filings.
- Regional Processing Centre means any land or premises operating primarily as a place where protected persons reside. Seen in 2 SEC filings.
- Regional Processing Centre means the processing facility in [location] or other processing centres as designated by [entity] from time to time. Seen in 1 SEC Filing.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Regional Processing Centre means a designated location where checks, or their images, are sent by a client for clearing by a bank.
Relevant Contract Types
Relevant Circumstances
- When outsourcing financial transaction processing
- During setup or management of payment systems
- Banking operations involving check or money order handling
Relevant Sectors
Genie Definition 2
Regional Processing Centre (RPC) means a specified premises or facility where protected individuals reside.
Relevant Contract Types
Relevant Circumstances
- In the provision of accommodation or facilities for protected individuals
- When managing or leasing residential facilities
- During humanitarian efforts for displaced individuals
Relevant Sectors
Regional Processing Centre means a designated location where checks, or their images, are sent by a client for clearing by a bank
Are you creating, reviewing or negotiating a document?
Whether you're creating from scratch, need a trusted template, want to edit or review an existing document or get simple explanations to complex legal questions, try Genie for free.
.png)
