The ABCs of the UCC. : Article 4A, Funds transfers

Article 4A brings certainty to funds transfers and provides rules that foster speed, security, and low cost. This book is an intro to Article 4A and walks the reader through each step of a large-dollar, wholesale funds transfer. In most large-dollar commercial transactions, payment is made through the use of a funds transfer. These transactions are subject to Article 4A of the UCC, which has been adopted by all 50 states.

Introduction to Article 4A -- Originator's and intermediary banks : acceptance and execution of payment orders -- Beneficiary's bank : acceptance of payment orders -- Discharge of the originator's obligation to the beneficiary --