net settlement instruction definition

net settlement instruction means an instruction which contains the net credit and net debit postings, summed to zero, which the Central Bank shall process for the ECACH system participants in order to settle their indebtedness to each other with respect to that clearing;
View Source
net settlement instruction means an Account Transfer involving multiple debits and credits, initiated by a Net Settlement System to settle net obligations arising from the conduct of a payment or securities clearing system as described in these Rules and procedures.
View Source
net settlement instruction means an Account Transfer involving single or multiple debit(s) and credit(s), initiated by a Net Settlement System to settle net obligations arising from the conduct of a payment or securities clearing system among participants as described in these Rules and Procedures.
View Source

Related to net settlement instruction

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the ▇▇▇▇▇▇ (such as, but not limited to, ▇▇▇▇▇▇ name, ▇▇▇▇▇▇ account number, and Scheduled Payment Date).

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.