Examples of Normal Queue in a sentence
When RTGS Liquidity Optimiser process starts, eligible CHATS Transactions in the Normal Queue as specified in the Operating Procedures will be extracted (“Selected Payments”).
CHATS Transactions (other than CHATS Transactions in respect of Articles) received by Clearing House Computer after commencement of the RTGS Liquidity Optimiser process will not be processed as part of that process and will be placed at the end of the Normal Queue and processed in due course in accordance with these Rules Provided that Direct Debit Instructions will be placed at the top of the Normal Queue.
If following an emergency HKSCC requires to roll back the data for system recovery all CCASS Payment Instructions in the Normal Queue and the Pending Queue will be cancelled in accordance with the Operating Procedures.
However, a paying Member can only cancel its OTC Clear Payment Instructions Value Today in the Normal Queue and the Pending Queue up to the CHATS Customer Cut-off time.
After the CHATS Value Date Cut-off and the completion of the processing of the CHATS Payment Instructions input prior to the CHATS Bank Cut-off or OTC Clear Payment Instructions generated prior to the CHATS Bank Cut-off, CHATS Payment Instructions Value Today or OTC Clear Payment Instructions Value Today in the Normal Queue will be cancelled automatically.
In this event, the GTRS Payment Instruction will be re-designated “Pending for Hold Funds” and will again be put in the Normal Queue at the next GTRS Window Open, until the last GTRS Preliminary Window Close of that Working Day.
However, a Member can only cancel its CHATS Payment Instructions Value Today in the Normal Queue and the Pending Queue up to the CHATS Customer Cut-off time.
On termination of the process of RTGS Liquidity Optimiser pursuant to Rule 6.12.6, all relevant Selected Payments and any CHATS Transactions (other than CHATS Transactions in respect of Articles) received by Clearing House Computer after commencement of the process of RTGS Liquidity Optimiser will be reinstated in the Normal Queue as if the process of the RTGS Liquidity Optimiser had not been commenced.
A paying Member shall be entitled to re-sequence the Normal Queue of its OTC Clear Payment Instructions Value Today at any time prior to the CHATS Value Date Cut-off or to transfer OTC Clear Payment Instructions Value Today from the Normal Queue to the Pending Queue or vice versa before the specified time as stipulated in the Operating Procedures.
Requests for re-sequencing and cancellation of its payments in the Normal Queue (including the Selected Payments and other CHATS Transactions (other than CHATS Transactions in respect of Articles)) initiated by the Selected Payment Member or MA after the start of RTGS Liquidity Optimiser process and before completion or termination of the process will be rejected.