Clearing system and Deposit account: Difference between pages

Revision as of 10:15, 20 November 2015

An interest-bearing account, usually with a bank.

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-A set of procedures whereby financial institutions present and exchange data and/or documents relating to funds or securities transfers to other financial institutions.
+An interest-bearing account, usually with a bank.
-The procedures often also include a mechanism for the calculation of participants’ bilateral and/or multilateral net positions with a view to facilitating the settlement of their obligations on a net or net net basis.
 == See also ==
-* [[Cheque truncation]]
+* [[Demand deposit account]]
-* [[Clearing]]
+* [[Time deposit account]]
-* [[Clearing house]]
+* [[Current account]]
-* [[Settlement]]
-[[Category:Cash_management]]