payment clearing house definition
payment clearing house means an arrangement between two or more system participants governing the clearing of payment instructions between those system participants;
payment clearing house means the governing body which regulates Transactions by Users;
payment clearing house means an arrangement between two or more financial institutions governing the clearing of payment instructions between them;
More Definitions of payment clearing house
payment clearing house means an arrangement between two or more Central Bank settlement system participants, excluding a designated payment system operator, governing the clearing of payment instructions between those Central Bank settlement system participants;
payment clearing house means the governing body which regulates Transactions by users;
payment clearing house means a payment clearing house as defined in section 1 of the National Payment System Act, 1998 (Act No. 78 of 1998);
payment clearing house means an arrangement between 2 or more clearing system participants and central bank settlement system partici- pants, governing the clearing or netting of payment instructions between those clearing system participants and central bank settlement system participants;