clearing account
settlement account

All these transactions mean the balance in each bank's exchange settlement account goes up and down throughout the day.

Where required, grant or other funders' needs are met by comprehensive and clear settlement accounts.

Every bank has an account with the Reserve called its "exchange settlement account."

The costs for this are not included in the settlement account setup fee, and will be charged separately.

The 14 wineries that have agreed to the settlement account for the bulk of California wine production.

They make payments to each other through "settlement accounts" at the Reserve Bank.

Institutions’ settlement accounts with the national central banks may be used as reserve accounts.

This cash is segregated into a redemption settlement account, which currently has a balance of over $300 million.

You can have as many settlement accounts as you wish.

The monthly fee is a fixed amount payable by each participant per settlement account.

These episodes of planned settlement account for the majority of present-day towns throughout the country.

Conversely, it would reduce the supply of funds by selling bonds to the banks, which they had to pay for from their exchange settlement accounts.

The settlement accounts of the fly-by-night firms were serviced by a Cyprus bank.

(1) Every indirect clearer shall maintain a settlement account with each of its clearing agents.

Reserve holdings on settlement accounts may be used for intraday settlement purposes.

Payments are final, irrevocable, and settled immediately if there is sufficient funds in the participant's settlement account with the clearing house.

Under the cash-rate-based system, the volume of settlement cash will be largely determined by settlement account holders themselves.

Note that in this context, "cash" doesn't mean notes and coins, it's a nickname for the funds in exchange settlement accounts.

Most registered banks hold settlement accounts at the Reserve Bank, which are used to settle obligations with each other at the end of the day.

It may also open other settlement accounts with those NCBs which agree to provide such accounts.

But only settlement members can hold settlement accounts at the CLS Bank.

At present, exchange settlement accounts with the Reserve Bank of New Zealand are available only to registered banks.

They have applied for an Exchange Settlement Account, which would make their securities eligible for repo with the central bank.

These institutions could be sponsored by a deposit-taking Interac member that assumes responsibility for the payment obligations against some form of pre-funded settlement account.

The payor bank’s settlement account at its U.S. correspondent bank in New York is debited by the amount of the cheque.