CAPTURE AND BALANCE Sample Clauses

CAPTURE AND BALANCE. Upon receipt of all debit items from the Federal Reserve, CSC will read and sort ("capture") inclearing items and transcribe the item data onto magnetic media, including transit/routing number, account number, dollar amount, and check serial number. Any MICR reject items will be manually processed. Each inclearing item will be endorsed with a "paid" endorsement, which will be canceled if the item is returned. Paid items will be bulk filed at the CSC facility in Greensboro. CSC will balance the tape total of captured items to the total(s) furnished by the cash letter(s) from the Federal Reserve. During this process, CSC will identify missing items (listed but not included), free items (included but not listed), listing errors (discrepancies between MICR line and cash letter line for a given item), and other conditions contributing to an imbalance between the cash letter total and the tape total. Once all imbalance conditions have been accounted for, CSC will adjust the tape as required and prepare adjustment entries for return to the Federal Reserve.
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