done) are excluded from the settlement and returned. In all the ‘Debit Only exclusion’, items drawn on the bank (for which exclusion is being done) will be excluded from the settlement and returned. In all the items presented by the bank ‘Credit Only exclusion’, (for which exclusion is being done) will be excluded from the settlement and returned. Exclusion shall generate RF (Return files) for all the presenting banks with reason code excluded by ‘bank CH’. 5 Different Status of CHI / Bank Suspended: CH shall change the status of a bank from to ‘in clearing’ ‘suspended’ under exceptional circumstances like moratorium or unwinding, etc. In such a scenario, the suspended bank shall not be able to participate in any clearing. But banks may return and seek extension on items presented by the suspended bank in the suspended period. Not in Clearing: CH shall put a bank in mode when a bank does not ‘not clearing’ participate in clearing. Once set as the bank cannot make or receive any ‘not clearing’ presentations during the Other banks also can not return and seek ‘not clearing’ period. extension on items presented on/by the bank. BIBLIOGRAPHY www.google.com
done) are excluded from the settlement and returned. In ‘Debit Only exclusion’, all the items drawn on the bank (for which exclusion is being done) will be excluded from the settlement and returned. In ‘Credit Only exclusion’, all the items presented by the bank (for which exclusion is being done) will be excluded from the settlement and returned. Exclusion shall generate RF (Return files) for all the presenting banks with reason code ‘bank excluded by CH’. 5 Different Status of CHI / Bank Suspended: CH shall change the status of a bank from ‘in clearing’ to ‘suspended’ under exceptional circumstances like moratorium or unwinding, etc. In such a scenario, the suspended bank shall not be able to participate in any clearing. But banks may return and seek extension on items presented by the suspended bank in the suspended period. Not in Clearing: CH shall put a bank in ‘not clearing’ mode when a bank does not participate in clearing. Once set as ‘not clearing’ the bank cannot make or receive any presentations during the ‘not clearing’ period. Other banks also can not return and seek extension on items presented on/by the bank. BIBLIOGRAPHY www.google.com
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