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… Commonly understood to mean the process of transmitting, reconciling and, in some cases, confirming payment orders prior …
… Payments are exchanged, cleared and settled through multiple point-to-point systems, where they are routed and validated by the …
… The delivery and receipt of payment instructions, which would result in a …
… 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 …
… The Executive Leadership Team (ELT) provides strong leadership and effective management of Payments Canada. The team sets the strategic direction and oversees … … The Operational Leadership Team (OLT) manages the ongoing corporate and business operations of Payments Canada as …
… 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 …
… Principles for Financial Market Infrastructures – the global risk standards …
… 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 …