The Principles and Practices of Banking (PPB) is one of the three primary subjects of the JAIIB exam, essential for banking professionals. In the banking industry, Clearing refers to the process of settling financial transactions between institutions. In this article, Learning Sessions, will take you through the detailed case study of the operational aspects of Handling Clearing.
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DOWNLOAD PDF HANDLING CLEARING-CASE STUDY
Clearing is the process by which banks adapt the instructions and transactions made by customers. It involves transferring money from the payer’s account to the recipient’s account, ensuring the funds are available and correctly debited or credited. Handling Clearing is necessary for a wide range of transactions, including check payments, NEFT, RTGS, and other electronic fund transfers. Learning session is providing additional information about Negotiable Instruments of JAIIB PPB through our PRINCIPLES and PRACTICES of BANKING Module A YouTube video.
The Key aspects of Clearing are Clearing cycle, Type of Clearing, Role of Clearinghouses, Clearing Risks and Risk Management, Automation and Technology in Clearing, Clearing House Interbank Payments System (CHIPS). These are the integral part to have the foundational knowledge about Handling Clearing for aspiring students. Learning Sessions provide comprehensive case studies through our Pdfs and YouTube channel.
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In Banking, clearing refers to all the commitments made for a transaction until it is settled. Handling the operational aspects of clearing is a critical function for any bank or financial institution. By implementing automation technologies, focusing on risk management and ensuring regulatory compliance, banks can optimize their clearing processes. Staying on the top of settlement timelines and using inventive tools like Cheque Truncation System (CTS) and Straight-Through Processing (STP) will ensure efficient and secure clearing operations, benefiting both the Bank and its valuable customers. Learning Sessions make sure of the provision of useful course material and experienced guidance to the future bankers. For the thorough preparation of candidates, get details through our YouTube videos for JAIIB PPB Module Wise Syllabus with explanations and tips to help candidates in their preparation journey.
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