Bank Reconciliation. i. Bank Reconciliations to be performed electronically by CCT. Bank statements will be downloaded daily from the bank in the file layout format required by and uploaded into the bank reconciliation system using the transaction identifier /reference number on the statement to determine the type of transaction. ii. All bank statement transactions require to be clearly and correctly referenced in an agreed manner to facilitate the bank reconciliation process. iii. The sending of the statement file must take place as soon as possible after 12 am daily but not later than 4am.
Appears in 4 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
