Document Type


Publication Date


Source Publication

TSAR (Journal of South African Law). 2004, Volume 2 (2004), p. 235-257.


Electronic funds transfers; Tort liability of banks


This article deals with issues evolving around the identification of the beneficiary in the last payment order in the credit transfer received by the last bank in the transfer chain ("beneficiary's bank"), the duties of the beneficiary's bank in the case of an ambiguous description of the beneficiary in the payment order, and the liability of the beneficiary's bank in case it broke such duties.

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