Pay/Collect

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Pay/Collect

The exchange of money that occurs between futures traders after all transactions have been marked to market and netted by a clearing house. After the end of a trading day, the clearing house offsets trades against each other so the least possible amount of money actually needs to be transferred. This exchange is called pay/collect, or more properly, payment and collection.
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References in periodicals archive ?
A year after, PisoPay became an official payout partner of LBC and soon, an e-commerce pay collect service will be launched.
According to the analysis of Macedonia's Media Institute, it is almost impossible to pay collect the present monthly fee of 130 denars.
For instance the county collected sh10 .9 billion in that financial year but Jambopay who only declared their net pay collected sh7.2 billion representing 72 percent of the amount collected did not declare the entire amount they collected.
New owners may even inherit obligations to pay collected royalties to non-owners, or flawed agreements may not provide a new owner with a right to recover for past damages.
UWNCA now will charge member agencies a 10 percent flat fee and pay collected funds as they're received.