Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
Version of section 5 from 2006-03-22 to 2021-08-27:
Marginal note:Means of settlement
5 Settlement is effected by one of the following means, as specified in the rules:
(a) by a payment message within the meaning of section 1 of By-law No. 7 Respecting the Large Value Transfer System;
(b) on the basis of clearing balances established by the ACSS; or
(c) through a clearing agent.
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