Terms with Tag Settlement
- Automated Clearing Settlement System (ACSS) — Acronym,
- Automated Direct Debit Amendment and Cancellation Service (ADDACS) — Acronym,
- Automated Return of Unpaid Direct Debits (ARUDD) — Acronym,
- Book Based System (BBS) — Acronym,
- Canadian Depository for Securities (CDS) — Company Est. 1970, Canada,
- Canadian Payments Association (CPA) — Company, Canada,
- This association, which is composed of several financial institutions and the Bank of Canada, operates a national clearing system for financial institution payments.
- Central Clearing and Settlement System (CCASS) — Acronym,
- Clearing and Settlement (C&S) — Acronym,
- The process whereby banks collect or pay out for items drawn on or paid into accounts in their institution. This process enables banks to accept each other's cheques and bank drafts for deposit. The Canadian Payments Association operates Canada's clearing system.
- Committee on Uniform Securities Identification Procedures (CUSIP) — Acronym,
- Continuous Link Settlement (CLS) — Acronym,
- Corporate Creditor Identification Numbers (CCIN) — Acronym,
- Derivatives Clearing and Settlement System (DCASS) — Acronym,
- Direct Debit (DD) — Acronym, Important,
- A means of authorizing recurring payments (e.g., mortgage payments, insurance premiums) to be drawn on an account.
- Direct Debit Authorization (DDA) — Acronym,
- Direct Debit Instruction (DDI) — Acronym,
- Direct Debit Option (DDO) — Acronym,
- Direct Debit Request (DDR) — Acronym,
- Direct Deposit (DD) — Acronym, Important,
- An automatic deposit of wages or benefits to a customer's bank account.
- Direct Deposit Processing (DDP) — Acronym,
- Direct Deposit Refund (DDR) — Acronym,
- Direct Deposit System (DDS) — Acronym,
- Drawn Against Insufficient Funds (DAIF) — Acronym,
- Electronic Funds Transfer (EFT) — Acronym, Important,
- The transfer of money between accounts by consumer electronic systems such as automated teller machines (ATMs), and electronic payment of bills.
➥ Also known as e-Transfer. - Electronic Funds Transfer Network (EFTN) — Acronym,
- Insufficient Funds (ISF) — Acronym,
- When funds are not enough to satisfy the payment of a cheque or draft made on that account; also known as non-sufficient funds (NSF).
- Interac Direct Payment (IDP) — Acronym,
- A method of paying for goods and services electronically with the funds taken immediately and directly from your bank account and transferred directly into the merchant's account. You use your banking card to do this.
- International Direct Deposit (IDD) — Acronym,
- Large Value Transfer System (LVTS) — Acronym,
- System being created by the Canadian Payments Association that will settle large value payments, possibly $50,000 and over, at the central bank on a same-day basis.
- Non-Sufficient Funds (NSF) — Acronym,
- When funds are not enough to satisfy the payment of a cheque or draft made on that account; also known as non-sufficient funds (NSF).
- Payment Clearing and Settlement Act (PSCA) — Acronym, Canada,
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