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Settlement date
- Scheduled times at which a bank will release or pick up credit or debit transactions clearing through the ACH Network.
- The process by which a cheque is presented to and accepted by the drawee bank, the institution on which it is drawn.
- An automated clearing house (ACH) association or Federal Reserve Bank that processes and distributes ACH transactions received from an originating financial institution.
- The date on which a security transaction is settled, for example, payment is made and securities are physically received and delivered or beneficial ownership records are changed in central securities depositories.