Clearing Cycle definition

Clearing Cycle means, in respect of a cheque paid into an Account, the process by which

Clearing Cycle means the time duration from one settlement time to the next immediate settlement time.

Clearing Cycle means, in respect of a cheque paid into an account, the process by which a Payee’s account is credited and a Payer’s account is debited with the amount of a cheque, as referred to in the Payment Table;

Examples of Clearing Cycle in a sentence

• If a cheque is sent for collection then it does not go through the Clearing Cycle and the Value Date will be the date that the proceeds are received from the drawer’s bank.

• Such a cheque may not be able to go through the Clearing Cycle and may take longer to be cleared.

• Glossary of Terms Some words used in explaining the Clearing Cycle have certain meanings: Business Day Any day from Monday to Friday, excluding Bank Holidays (English Bank Holidays to apply in England and Wales; Scottish Bank 10 Holidays to apply in Scotland; Northern Irish Bank Holidays to apply in Northern Ireland).

• Margin calls, if any, will be issued at the end of each Clearing Cycle.

• The Clearing House may issue Margin calls during each Clearing Cycle or on an ad hoc basis.

• During the end-of-day Clearing Cycle, profits and losses are credited to or deducted from the Clearing Member’s respective Proprietary Collateral Account or Customer Collateral Account maintained in the APEX Clear System.

• In all such cases, you will be required to make alternate arrangements for cheques already issued by you and desist from issuing any fresh cheques on such account.7.10 Clearing Cycle / Collection ServicesWe willa.

• A daily fee report shall be made available after the end-of-day Clearing Cycle and a monthly fee report will also be made available to the Clearing Members in the APEX Clear System on the first Trading Day after the end of each month.

• On inquiries, see Wright, Swain and Sköld, Conceptualising and Categorising.

• For the end-of-day Clearing Cycle, this is based on the latest available Daily Settlement Prices or Final Settlement Prices (as the case may be) for the relevant Contract.

More Definitions of Clearing Cycle

Clearing Cycle means the time duration from one settlement time to the next immediate settlement time which are predefined by LCPL.

Clearing Cycle means the time period from 14:00:01 to 07:00:00 of the following day (Clearing Cycle 1) or the time period from 07:00:01 to 14:00:00 of the same day (Clearing Cycle 2).

Clearing Cycle means, in respect of a cheque paid into an Account, the process by which a Payee’s account is credited and a Payer’s ac- count is debited with the amount of a cheque, as referred to in our Corporates & Institutions Fees & Charges brochure;