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… in order to participate directly (or indirectly) in a payment system. Access criteria may differ depending on what … perform as a participant in the system (e.g. exchange of payment messages, clearing or settlement with the central …
… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) … …
… Payments are exchanged, cleared and settled through a single …
… The financial institution to which a debit payment item is addressed and which is directed to pay the …
… of transmitting, reconciling and, in some cases, confirming payment orders prior to settlement, possibly including the … For the purposes of ACSS, it means the reconciliation of payment items that were exchanged and the calculation of net …
… The delivery and receipt of payment instructions, which would result in a debit and …
… Payments are exchanged, cleared and settled through multiple …
… In Real Time Gross Systems, each payment is settled individually as soon as the transfer …
… funds between two or more parties. For ACSS, it means the payment of clearing balances. … Settlement …