Sentences with phrase «bank clearing house»

Smith wanted shipments to be faster and more efficient, so he modeled FedEx to be like a bank clearing house, except with planes and trucks.

Not exact matches

Forcing different standards on banks and other financial services across the globe could spark the next financial crisis, the vice chairman of prominent U.S. clearing house DTCC said Friday.

, a vice-chairman on the House Financial Services Committee, has sent a blistering letter to Federal Reserve Chair Yellen telling her in no uncertain terms to stop cooperating with other central banks and insurance supervisors over global rules of conduct, at least until the new administration has given her a clear political line to follow.

Currently, CDS serves as a non-profit trading clearing house operated in partnership with the banks and the TMX.

Equivalence refers to Brussels granting market access to foreign banks, clearing houses, fund managers and insurers if their home rules are in line with the bloc's.

The biggest concern was that tough sanctions against Deripaska's businesses would stop Western banks and clearing houses from interacting with them, impacting everything from raising debt to sales on world markets, according to the people.

After all the fear, sadness, anger, guilt and recrimination brought on by the recent banking and housing crises, it is clear that emotional understanding is an integral part of financial planning.

Supported by both Buterin and Wood, and sporting the motto «unbank the bank,» OmiseGO is Thailand - based Omise's blockchain project enabling «real - time, peer - to - peer value exchange and payment services» via an agnostic, all - in - one financial clearing house and liqduity provider.

«PotCoins are transferred directly from person to person via the net, without going through a bank or clearing house.

The Bank has become a clearing house for the majority of domestic banks in foreign exchange settlements and a key service provider for banks in CIS countries and Baltic States in Belarusian ruble payments.

While you have the option of enrolling in autopay, you can pay through a bank account (either through automated clearing house or a remotely created check), a credit or debit card, a personal check, a cashier's check or money order.

For instance, the company has implemented cash management in its PDI software to reconcile bank statements and process payments via automated clearing house instead of cutting checks.

The depository is one of the nation «s largest food banks and works as a clearing house to provide hundreds of pounds of food each month to the local agencies.

- for clarification, I do believe a central clearing house / bank IS needed, just not the current institution run by and for the rich and powerful of the world.

And it's all underpinned with clear and consistent delivery of key messages: that the Bank of England is actively and carefully trying to embed the recovery, and will do what it can to see off threats (currently a housing bubble).

A month - long standoff between House and Senate lawmakers over bipartisan legislation to ease red tape for small - and medium - size banks may soon draw to a close, allowing the bill to clear the Congress and become law.

Let's be clear about what we inherited: an economy built on the worst deficit since the Second World War: the most leveraged banks; the most indebted households; one of the biggest housing booms; and unsustainable levels of public spending and immigration.

He embodies the frustration that the working class has simmered in for the last decade since, between the housing crisis and the banking collapse, it became abundantly clear that the haves will make no caveats for the have - nots.

With the housing market expected to moderate further, the vulnerability posed by overly indebted households is easing, RBC says, clearing the way for the Bank of Canada to move toward higher interest rates by mid-2015.

All of the transactions in the batch are then handled by the clearing house, rather than as a direct bank - to - bank transaction.

The reason a bank wants you to have «equity» in your house (meaning, value that you hold free and clear, without anyone else being owed money for it) is that it makes it harder for you to ignore your obligations and run away.

While you have the option of enrolling in autopay, you can pay through a bank account (either through automated clearing house or a remotely created check), a credit or debit card, a personal check, a cashier's check or money order.

This is more similar to Singapore allowing / establishing USD check clearing [sometime couple of years back] with Citi Bank acting as an clearing house.

Loan proceeds are transferred to you electronically using the automated clearing house banking network (ACH).

Beverley has significant experience in consumer finance and has been seconded to the in - house team of 3 major UK clearing banks for consumer credit related projects, as well as advising on a variety of legal financial issues.

Harry inherits a house free and clear, but we can assume there's some wizardly tax dodging here (or the financial details are handled off stage by some bank goblins).

To start, cryptocurrencies don't rely on the participation of various entities like banks, clearing houses, card companies, and digital wallet providers to work.

This statement reflects the commitment of the current Israeli government to an infamous policy of «punitive home demolitions», which consists of demolishing the home of relatives of Palestinians suspected of security offences against Israel in the West Bank and East Jerusalem (two other types of demolitions are «administrative demolitions» of houses built without a permit and «clearing demolitions» carried out on the pretext of military needs such as during Operation Protective Edge in Gaza in 2014).

The blockchain is a decentralized ledger where records of all transactions are held not by a central clearing house (such as a bank or other financial institution) but by each member of the network, therefore removing the need for a trusted third party.

The service will be developed in partnership with HashCash, a private, permisionless digital cash system, will see the latter create a clearing house and payment router enabling all transfers to Alfa bank to take place on its open source blockchain platform HC Net.

Banks are agreeing to more short sale transactions, and short sales are taking less time to sell, which is helping to clear large inventories of distressed properties more efficiently, says James J. Saccacio, RealtyTrac CEO, in releasing new housing data this week.

House and Senate lawmakers last year in their landmark bank reform law made it known loud and clear that banking and commerce don't mix.

Your job then is to find out what your seller has against the house to see if it is even feasible to sell, then you can offer your services accordingly, but be prepared to go the extra mile — even to the point of asking the bank to take less money to clear the lien so the home can close.

You have to give clear title to your buyer and your buyer is not going to want to pay more for your house just because you owe more to your bank than what it is worth.

NAHB has joined with 32 other housing, banking, civil rights and consumer groups to urge the CFPB to issue broadly defined and clear QM standards that contain strong consumer protections, promote mortgage liquidity in the marketplace and provide lenders proper incentives to make home loans to creditworthy borrowers.

But NAR and the others also made it clear that the risk - weighting just wasn't necessary, in part because the bad exotic loans of the housing boom were now a thing of the past and also because the upcoming qualified mortgage (QM) rule set standards for strong loans without requiring banks to hold more capital.

Senior Housing Properties Trust expects to purchase the 27 properties free and clear of any mortgage debts using cash on hand and its unsecured revolving bank credit facility.

Credit is definitely a factor however each house was owned free and clear so that bank had lent me the money as a heloc based on the equity plus the fact that there was a tenent.

That is why the President supports the CFPB in finalizing its simplified mortgage disclosure forms, is calling for improved rules that encourage lenders to care more about borrower success, and made clear that any future housing finance system must ensure a level playing field for community - based banks and financial institutions so borrowers can work with the lender that is right for them.