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… the approval of Peoples Trust Company to shift from an indirect clearer to a direct clearer in the Automated Clearing Settlement System …
… or connected to others. In essence, can a bank A transact directly with a bank D or is bank A’s only means of … bank B as its clearing agent? Similarly can bank D transact directly with bank B or would it need to go through a bank C … credit and/or liquidity risk between direct and indirect clearers, etc., remains an open empirical question and …
Procedures Pertaining to the Default of a Direct Clearer
… Procedures Pertaining to the Default of a Direct Clearer …
… its own behalf, exchanges payment items and makes entries directly into the ACSS. … Direct clearer …
… Peoples Trust Company joined the ACSS as the first new Direct Clearer since the system launched in 1984. A historic … to regulatory changes that removed a volume requirement for direct participation. Now less than a year away from … Canadians. We ended the quarter by welcoming two new board directors : Sean Goldrick from Wells Fargo and Jennifer …
… with the private sector,” said Andrew McCormack, Senior Director, Technology at Payments Canada. “In fact, that … those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. …
… An account which is established and maintained by each direct clearer, at the Bank of Canada, or by each indirect clearer with its clearing agent(s), for the purpose …
… began operations as a Large Value Transfer System (LVTS) direct participant. With the addition of ICICI Bank Canada, there are 17 direct participants in LVTS , including the Bank of Canada. … past few months, the CPA, the Bank of Canada and other LVTS direct participants have worked closely with ICICI Bank …