Settlement and clearing. 1 Centralized settlement 1.1 Settlements between designated operators may pass through a central clearing house, in accordance with the procedures set out in the Regulations and shall be carried out from the designated operators' concentration accounts.
Appears in 9 contracts
Samples: Postal Payment Services Agreement, Postal Payment Services Agreement, Postal Payment Services Agreement
Settlement and clearing. 1 Centralized settlement
1.1 Settlements between designated operators may pass through a central clearing house, in accordance with the procedures set out in the Regulations and shall be carried out from the designated operators' β concentration accounts.
Appears in 1 contract
Samples: Postal Payment Services Agreement
Settlement and clearing. 1 Centralized settlement
1.1 Settlements between designated operators may pass through a central clearing house, in accordance with the procedures set out in the Regulations and shall be carried out from the designated operators' β concentration accounts.
2 Bilateral settlement
2.1 Billing on the basis of the general account balance
2.1.1 In general, designated operators that are not members of a centralized clearing system shall settle accounts on the basis of the balance of the general account.
Appears in 1 contract
Samples: Postal Payment Services Agreement
