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Automatic Data Processing (ADP) |
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Automatic Data Processing (ADP)Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners.Automatic Data Processing (ADP) Similar MatchesIn house processing floatIn house processing floatThe time it takes the receiver of a check to process a payment and deposit it in a bank for collection. Export processing zoneExport processing zoneA designated area or a country in which firms can import duty-free so long as the imports are used as inputs to production of exports. Processing DelayProcessing DelayTime a selling firm takes to record receipt of a payment and deposit it. Regional Check Processing Center (RCPC)Regional Check Processing Center (RCPC)A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis. |
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