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Open electronic clearing system files

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2Open electronic clearing system files Empty Re: Open electronic clearing system files Mon Feb 16, 2015 10:02 am

tlm724

tlm724
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[tlm724] Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks

[tlm724] that the Commission will open this existing system files in 32 banks, government and civil strife in the development of banking project

[tlm724] She said the electronic clearing system based on smart instruments, and is common to know account in more than one bank, and also appears in the Central Bank. The World Bank has allocated $ 10 million to restructure the government banks and activation of electronic transactions including electronic clearing system

[tlm724] there is the accountability, oversight, reconciliation and clearing in the banks both private and state !


[tlm724] the definition from BIS - Bank for International Settlement

Definition Clearing


the process of transmitting, reconciling and, in some cases, confirming payment orders or security transfer instructions prior to settlement, possibly including the netting of instructions and the establishment of final positions for settlement. Sometimes the term is used (imprecisely) to include settlement


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