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.
Expense and loss accounts ordinarily have debit balances
The banks with the matching net debit balances
are obligated to provide the gold.
Prepaid card issuers benefit from card fees, interchange fees, and float provided by debit balances
on the card.
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.
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.
Problem: A retailer had vendors going into debit balances
due to returns of excess inventory.
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 Company also took a one-time non-cash adjustment to inventory and wrote off debit balances
of several financially distressed music and software vendors.
Each Friday, the Treasury sweeps credit balances or covers debit balances
from its Ziraat account.
At the same time, the company announced that debit balances
established before January 1, 1970 will not be charged against royalties earned by these artists on or after March 1, 1997.