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… Payments are exchanged, cleared and settled through multiple point-to-point systems, where they are routed and validated by the participants … Decentralized systems …
… In Real Time Gross Systems, each payment is settled individually as soon as the transfer order is submitted and accepted for settlement. … RTGS (Basic) …
… 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 …
… Payment systems characterized by bilateral exchanges made outside of a central system, and the separate entry of batch totals into a separate …
… Payment systems characterized by bilateral exchanges made outside of a central system, and the separate entry of batch totals into the clearing …
… than the Bank of Canada) that, on its own behalf, exchanges payment items and makes entries directly into the ACSS. … Direct clearer …
… 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 …
… Payments accompanied by a paper remittance (bill stub), …