Search

… The delivery and receipt of payment instructions, which would result in a debit and credit being posted to the accounts of the Payor and Payee … Exchange …

… In Real Time Gross Systems, each payment is settled individually as soon as the transfer order is submitted and accepted for settlement. … RTGS (Basic) …

… An act that discharges obligations in respect of funds between two or more parties. For ACSS, it means the payment of clearing balances. … …

… High Value Payment Systems; a set of instruments and procedures that facilitates typically large-value inter-FI transfers with …

… Payment systems characterized by bilateral exchanges made outside of a central system, and the separate entry of batch totals …

… Principles for Financial Market Infrastructures – the global risk … standards established by the CPSS/CPMI and IOSCO for regulating payment and security clearing and settlement systems. … PFMI …

… Payment systems characterized by bilateral exchanges made outside of a central system, and the separate entry of batch totals …

… 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 …

… a paper remittance (bill stub), MICR-encoded with a CCIN, for credit to a business, generally initiated via an ABM or branch of a financial institution. … Paper-based remittances …

… An arrangement in payment systems whereby participants in one category require the services of participants in another category to exchange and/or …