Government of Canada / Gouvernement du Canada
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Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Version of section 16 from 2006-03-22 to 2012-08-16:

Marginal note:Settlement account — indirect clearers

  •  (1) Every indirect clearer shall maintain a settlement account with each of its clearing agents.

  • Marginal note:Loan facilities

    (2) Every indirect clearer shall establish a loan facility with each of its clearing agents.

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