CCASS Payment Instruction definition

CCASS Payment Instruction means (i) an instruction effected through CHATS for payment against the transfer by CCASS of securities held in CCASS, or (ii) any other payment instruction relating to a CCASS transaction, which is to be settled in accordance with Rule 6.3.3. In these Clearing House Rules, a CCASS Payment Instruction can be a CCASS Interim Cut-off Payment or a CCASS End of Day Cut-off Payment.
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Examples of CCASS Payment Instruction in a sentence

  • Settlement of a CCASS Payment Instruction will be effected across the books of CB pursuant to Rule 3.1.4 by debiting the CHATS Ledger Account of the Sender for the funds transferred and crediting the same to the CHATS Ledger Account of the Receiver.

  • Subject to Rule 6.3.3.2, a CCASS Payment Instruction will be settled through CHATS immediately upon the completion of its processing.

Related to CCASS Payment Instruction

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Settlement Notice has the meaning specified in Section 14.02(a)(iii).

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.