Description

ABCs of the UCC, Article 4A: Funds Transfers 4th Edition Thomas C Baxter Jr ISBN 9781639054169

This updated edition of ABCs of the UCC Article 4A: Funds Transfers offers a clear and practical introduction to the law governing wholesale funds transfers, incorporating significant recent developments in case law and the 2022 amendments to the Uniform Commercial Code addressing emerging technologies. Designed to make Article 4A accessible to both practitioners and students, the guide explains the fundamentals of funds transfer law in a straightforward, easy-to-follow manner.

Leading experts walk readers step by step through a large-dollar, wholesale funds transfer, clearly outlining the rights and obligations of each party involved. The book explains how payment orders are initiated, accepted, executed, amended, or canceled, and examines what happens when a transfer goes awry, including how Article 4A allocates liability, rights, and responsibilities in cases of fraud or error.

As part of the ABCs of the UCC series, this fourth edition serves as a concise yet comprehensive primer, helping readers understand:

• The legal framework and mechanics of funds transfers

• Key Article 4A terminology

• Major funds-transfer systems, including Fedwire Funds Service and CHIPS

• The roles and responsibilities of originator, beneficiary, and intermediary banks

• Acceptance and execution of payment orders

• Liability for fraud losses and operational errors

Clear, practical, and up to date, this guide is an essential resource for anyone seeking a solid grounding in UCC Article 4A and the modern law of funds transfers.

ABCs of the UCC, Article 4A: Funds Transfers 4th Edition Thomas C Baxter Jr ISBN 9781639054169, 978-1639054169 & 978-16390-54169

Authors
Thomas C Baxter Jr
Gregory Cavanagh
Jessie Cheng
Laura Forman
Stephanie A Heller