Glossary entry

English term or phrase:

DDACC counter debit

Russian translation:

сторнирование дебетования в рамках механизма КПДиК

Added to glossary by Oleg Lozinskiy
Jun 7, 2016 10:58
7 yrs ago
1 viewer *
English term

DDACC counter debit

English to Russian Bus/Financial Finance (general) Clearing
When the Paying Bank does not pay a Direct Debit it shall be returned unpaid to the Service Provider on the day of presentation or exceptionally on the following working day.
The Paying Bank shall immediately advise the Collecting Bank of a dishonored Direct Debit by way of a DDACC counter debit no later than the first DDACC session of the following day.
Change log

Jun 15, 2016 09:11: Oleg Lozinskiy Created KOG entry

Proposed translations

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сторнирование дебетования в рамках механизма КПДиК

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Note added at 6 мин (2016-06-07 11:04:55 GMT)
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DDACC stands for Direct Debit and Credit Clearing

сторнирование --> полная отмена первоначальной операции
Peer comment(s):

agree Erzsébet Czopyk
25 mins
Thank you, Erzsébet!
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4 KudoZ points awarded for this answer. Comment: "Большое спасибо!"
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