Netting by novation and Positive pay: Difference between pages

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Netting by novation agreements allow for individual forward-value contractual commitments, such as foreign exchange contracts, to be discharged upon confirmation and replaced by new obligations, all of which form part of a single agreement.  
''Banking''. 
 
Amounts due under a discharged contract will be added to running balances due between the parties, in each currency and at each future value date.
(PP).
 
A service used to combat cheque fraud. The bank pays only those cheques with serial numbers and cash amounts that match those in an issue file supplied by the company.
 
''Also known as match pay.''




== See also ==
== See also ==
* [[Netting]]
* [[Reverse positive pay]]
* [[Novation]]
 
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 06:57, 2 July 2022

Banking.

(PP).

A service used to combat cheque fraud. The bank pays only those cheques with serial numbers and cash amounts that match those in an issue file supplied by the company.

Also known as match pay.


See also

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