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… An act that discharges obligations in respect of funds between 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 established by the CPSS/CPMI and IOSCO for regulating payment and security clearing and settlement systems. … PFMI …
… 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 clearer …
… Payments accompanied by a paper remittance (bill stub), MICR-encoded with a CCIN, for credit to a business, generally initiated via an ABM or branch of a …
… An arrangement in payment systems whereby participants in one category require the services of participants in …
… cannot meet the applicable eligibility criteria or for business reasons accesses the core payment system through an agency agreement (i.e., sponsorship) with a direct participant … Indirect participant …