Clearing Cycle definition
Clearing Cycle means, in respect of a cheque paid into an Account, the process by which
Clearing Cycle means the time duration from one settlement time to the next immediate settlement time.
Clearing Cycle means, in respect of a cheque paid into an Account, the process by which a Pay- ee’s account is credited and a Payer’s account is debited with the amount of a cheque;
More Definitions of Clearing Cycle
Clearing Cycle means the time duration from one settlement time to the next immediate settlement time which are predefined by LCPL.
Clearing Cycle means, in respect of a cheque paid into an account, the process by which a Payee’s account is credited and a Payer’s account is debited with the amount of a cheque, as referred to in the Payment Table;
Clearing Cycle means the time period predefined by LCPL with the concurrence of Director, Payments and Settlements (D/PSD) of the Central Bank of Sri Lanka (CBSL) for netting of transactions for settlement.
Clearing Cycle means the time period determined by Director, Payments and Settlements (D/PSD) of the Central Bank of Sri Lanka (CBSL) for netting of transactions for settlement.
Clearing Cycle means, in respect of a cheque paid into an Account, the process by which a Payee’s account is credited and a Payer’s ac- count is debited with the amount of a cheque, as referred to in our Corporates & Institutions Fees & Charges brochure;
Clearing Cycle means a time band comprising the opening of the cycle, clearing of orders, closure of the cycle, the sending of orders to TARGET, the receipt of confirmation of their settlement in TARGET and the sending of output data to SIPS participants and to STEP2.
Clearing Cycle means the time period from 14:00:01 to 07:00:00 of the following day (Clearing Cycle 1) or the time period from 07:00:01 to 14:00:00 of the same day (Clearing Cycle 2).