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Chips notifies bank - PowerPoint PPT Presentation

Electronic Payment Systems 20-763 Lecture 4 Automated Clearing and Settlement Systems

Electronic Payment Systems 20-763 Lecture 4 Automated Clearing and Settlement Systems. Clearance v. Settlement. Messaging Transmission of payment orders Clearance Determining the net effect of multiple payment orders How much does each party owe? How much is it owed? Settlement

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Chips notifies bank - PowerPoint PPT Presentation

Electronic Payment Systems 20-763 Lecture 4 Automated Clearing and Settlement Systems