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… The delivery and receipt of payment instructions, which would result in a …
… Payments are exchanged, cleared and settled through multiple point-to-point systems, where they are routed and validated by the …
… In Real Time Gross Systems, each payment is settled individually as soon as the transfer order is submitted and accepted for …
… An act that discharges obligations in respect of funds … two or more parties. For ACSS, it means the payment of clearing balances. … Settlement …
… High Value Payment Systems; a set of instruments and procedures that facilitates typically large-value inter-FI transfers with finality) … HVPS …
… Payment systems characterized by bilateral exchanges made … of a central system, and the separate entry of batch totals into a separate clearing system. … Decentralized Batch Retail Systems …
… Cheques and paper items are declining steadily, yet they remain one of the most popular payment methods for many businesses in Canada. … Pre-Authorized debits (PADs) are a powerful tool …
… Payment systems characterized by bilateral exchanges made … of a central system, and the separate entry of batch totals into the clearing system to support settlement … Batch Total Entry Systems …
… Principles for Financial Market Infrastructures – the global risk standards …
… A member that, on its own behalf or on the behalf of the group's entitles, exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. … Group …