-
Corporate Trade Exchange (CTX)
A corporate trade exchange (CTX) is a system used by corporations and agencies of the government for monetary transfer. They are primarily used to pay trading partners...
Learn More
PPD (Prearranged Payment and Deposit)
A credit or debit entry to the account of a receiver where there is either a standing or one time written authorization that has been signed or similarly authenticated.
Related Terms
-
Settlement Date
The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.
Learn More