Common use of RECONCILIATION PROCESSING Clause in Contracts

RECONCILIATION PROCESSING. Daily Bank Account Activity - Reconciliation On Day 1, DDPS creates check file that is sent to the RECON department. On Day 2, Microsoft Access is used to systematically match the file with the bank account and an extract provided from the FlexPlan system. Access generates discrepancy reports which are used by the RECON department to identify and communicate open items. The RECON Department is responsible for posting clearing entries if made by RPS. Other Services Performed by the RECON Department Balancing of bank accounts impacted by Xxxxxxx Retirement Services' transactional activity

RECONCILIATION PROCESSING. Daily Bank Account Activity - Reconciliation On Day 1, DDPS creates check file that is sent to the RECON department. On Day 2, Microsoft Access is used to systematically match the file with the bank account and an extract provided from the FlexPlan system. Access generates discrepancy reports which are used by the RECON department to identify and communicate open items. The RECON Department is responsible for posting clearing entries if made by RPS. Other Services Performed by the RECON Department Balancing of bank accounts impacted by Xxxxxxx Scudder Retirement Services' transactional activity