Downstream and Magnetic ink character recognition: Difference between pages

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1.
(MICR).
Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. This allows cheques to be cleared through automated systems.


In relation to guarantees, a ''downstream guarantee'' is one given by a parent company in relation to the obligations of one of its subsidiary companies.
== See also ==
* [[Optical character recognition]]
* [[Transit routing number]]


2.
A ''downstream loan'' is a loan made by a parent company to one of its subsidiary companies.
3.
In the oil and gas industry the ''downstream business'' refers to distributing and selling refined and synthetic oil and gas products, together with the refining of crude oil.
== See also ==
* [[Guarantee]]
* [[Upstream]]
* [[Legal implications of cash pooling structures]]

Revision as of 14:20, 23 October 2012

(MICR). Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. This allows cheques to be cleared through automated systems.

See also


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