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Electronic Clearing Service (Credit Clearing) Mandate Form (Investor(s) s option to receive redemption proceeds and interest payments through Credit Clearing Mechanism) 1) Investor(s) s name & address
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What is electronic clearing service credit?
Electronic clearing service credit refers to the electronic transfer of funds from one bank account to another through a centralized system.
Who is required to file electronic clearing service credit?
Businesses and individuals who make electronic payments or receive electronic funds transfers are required to file electronic clearing service credit.
How to fill out electronic clearing service credit?
Electronic clearing service credit can be filled out online through the designated portal provided by the financial institution or through a third-party service provider.
What is the purpose of electronic clearing service credit?
The purpose of electronic clearing service credit is to facilitate fast and secure transactions between bank accounts without the need for physical checks or cash.
What information must be reported on electronic clearing service credit?
Information such as the amount of the transfer, the sender's and recipient's bank account details, and the purpose of the transaction must be reported on electronic clearing service credit.
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