The ABCs of the UCC Article 4A: Funds Transfers

Product Description

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.

About the Author

Thomas C. Baxter, Jr. has been general counsel and executive vice president of the Legal Group of the Federal Reserve Bank of New York since March 1995. Stephanie A. Heller is presently a vice president in the Legal Group of the Federal Reserve Bank of New York. Greg Cavanagh is currently counsel and vice president in the Legal Group of the Federal Reserve Bank of New York. Laura J. Forman is currently an attorney in the legal group of the Federal Reserve Bank of New York.