Proof and Encoding definition

Proof and Encoding. Client will prepare and present proof work in accordance with ▇▇▇' s standards and work preparation guidelines. ▇▇▇ will comply with Client's instructions for customer corrections, suspense entries, and exception items. ▇▇▇ proof of deposit and balancing of work received from Client for processing: DESCRIPTION: - All (100%) batches are balanced without errors - Dollar encoding errors to meet service goals of 1 in 5,000 items - Corrections made with accepted medium - All Customer Corrections are legible and complete - All Customer Corrections have the correct reason listed - Items are endorsed with the proper bank stamp in proper Regulation CC. position and legible - All transaction Corrections using G/L debits and credits contain the correct information CM1SB-4-97 Contract Modification Bakersfield, CA Page 5 - Suspense documentation is legible and complete SERVICE GOAL: 99.980% REMEDY: - Client will notify ▇▇▇ of specific non-performance issues in writing through the normal predefined procedures. - ▇▇▇ will have 30 days to cure. MEASUREMENT: Percent of Volume BREACH: 3 non-performance occurrences in 90-day period Cash Letter Preparation: ▇▇▇ preparation of transit cash letters: DESCRIPTION: - Cash Letters are sent out with correct total(s) - Cash Letters are sent with complete bundle count(s) - Cash Letter differences are explained - Cash Letters for proper bank are used - Cash Letters for the correct correspondent are used - Cash Letters are sent out in a timely manner to meet deadlines. - Notification of cash letters (transit deposits) not sent out as specified above on the following day.
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Related to Proof and Encoding

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