Each entity would be accountable for its own IHB accounts just as if they were external, and would receive interest for credit balances and pay interest for debit balances
as with an external bank account.
Any customer who applies for and receives a formal overdraft while the offer is running will also pay no interest on agreed debit balances
from when their overdraft is set up until April 4.
The banks with the matching net debit balances
are obligated to provide the gold.
The net debit cap control limits the net debit balances
of DTC participants so that DTC will have sufficient liquidity to fund end-of-day net settlement with sufficient collateral support based on the collateral monitor.
Results were also impacted by lower interest rates and lower client debit balances
, as well as the effect of decimalization on trading spreads in the NASDAQ market.
Southland National's return to profitability is a result of management's actions, which include a better product design resulting in improved persistency, reduced agent debit balances
and corporate restructuring.
The Company realized record levels of commissions, revenue from principal transactions and interest income derived primarily from higher customer debit balances
Problem: A retailer had vendors going into debit balances
due to returns of excess inventory.
Mar 31 Dec 31 1999 1998 1999 (US$) (US$) (US$) (Unaudited) (Audited) Assets Current assets Cash and cash equivalents 1,079 969 2,580 Short term investments 475 806 426 Trade receivables 5,991 4,752 8,156 Receivables and debit balances
874 756 934 Inventories 2,469 2,753 2,465 10,888 10,036 14,561 Long term receivables and other investments 586 551 625 Fixed assets, net 7,500 5,602 7,330 Other assets 92 119 90 19,066 16,308 22,606 Liabilities and capital Current liabilities 10,821 7,822 13,864 Long term bank loans 97 211 103 Severance pay, net 925 930 908 Shareholders' equity 7,223 7,345 7,731 19,066 16,308 22,606 ESHED ROBOTEC
Resources in AP Tools Suite include hundreds of templates, forms and checklists to meet a wide range of accounts payable needs, whether conducting unclaimed property due diligence, preparing requests for proposals for outsource services and evaluating proposals, evaluating software solutions, planning for disaster recovery and business continuity, collecting vendor debit balances
, interviewing job candidates or calculating charge-back pricing for shared services.
The case asserts claims on behalf of Prudential margin account customers who maintained debit balances
in excess of $35,000 and who, at any time, paid interest at the rate of 2-1/2 percent over Prudential's base loan rate.
The Company also took a one-time non-cash adjustment to inventory and wrote off debit balances
of several financially distressed music and software vendors.