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Open Electronic Clearing System Files ! (Iraqi Banks)


DinarThug
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Here's BondLady's Admin Tlm's Comments On It From A Few Days Ago ...

 

 

 

BLC Admin Tlm724 Morning News & Comments

Open electronic clearing system files

[tlm724] Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks

[tlm724] that the Commission will open this existing system files in 32 banks, government and civil strife in the development of banking project

[tlm724] She said the electronic clearing system based on smart instruments, and is common to know account in more than one bank, and also appears in the Central Bank. The World Bank has allocated $ 10 million to restructure the government banks and activation of electronic transactions including electronic clearing system

[tlm724] there is the accountability, oversight, reconciliation and clearing in the banks both private and state !

[tlm724] the definition from BIS - Bank for International Settlement
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Definition Clearing

the process of transmitting, reconciling and, in some cases, confirming payment orders or security transfer instructions prior to settlement, possibly including the netting of instructions and the establishment of final positions for settlement. Sometimes the term is used (imprecisely) to include settlement

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And Here's Discussion Of A Related Article ...

 

 

 

Economic center calls for the twinning of local banks with global improve its performance

[tlm724] recommended the Federal Government Economic Information Center under the direction and ministries to increase its cooperation with the private sector banks to support them, as called for the central bank to create a twinning between ornament and international banks to develop the performance of the work of local banks

[tlm724] noted that the banking sector needs a new law to guarantee direct investment and financial deposits. 

The prime minister Haider al-Abadi, had confirmed earlier that the Iraqi banking sector is witnessing a decline in growth in the face of the support of the private banking sector to promote it.

[tlm724] this is good stuff here twinning the banks with international banks to improve their performance and get them actively involved in the financing of staff installments activities

[tlm724] lets get going, time is wasting !

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