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Money will come into the account within hours after the check is deposited. RBI's new clearing system will be implemented from October

RBI New Rule: This new system will be known as 'Continuous Clearing and Settlement on Realisation'. That is, there will be continuous clearing in banks during work. RBI New Rule: The Reserve Bank of ...
Investopedia

What Is the Clearing House Interbank Payments System (CHIPS)?

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
The Nation Newspaper

New national trade clearing system ready for rollout

The Federal Government is on the verge of full implementation of a central trade clearing system with the conclusion of a linkage backbone that will facilitate trade processes and clearings across all ...
Crowdfund Insider

Vermiculus Provides Real-Time Clearing System For Brazil

Vermiculus, a provider of trading, clearing and CSD technology, has successfully delivered the real-time clearing system that is now live on CERC, the main financial market infrastructure specialized ...