From ACT Wiki
Revision as of 15:40, 20 August 2013 by Doug Williamson (Talk | contribs) (Spacing 20/8/13)

Jump to: navigation, search

A risk management arrangement whereby transfer orders are held pending by the originator/deliverer or by the system until sufficient cover is available on the originator’s/deliverer’s clearing account or under the limits set against the payor.

In some cases, cover may include unused credit lines or available collateral.

See also