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Bankers Automated Clearing Services |
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Bankers Automated Clearing ServicesBACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor.Similar MatchesStock Exchange Automated Quotation systemStock Exchange Automated Quotation systemThe computerised system at the London Stock Exchange which continuously updates prices and trade reports for UK securities (shares, gilts etc). SEAQ lists the market makers' bid and offer prices, together with the Normal Market Size at which those prices will be honoured. Shares traded using SEAQ are said to be traded on the 'quote book'.The very largest companies quoted on the London Stock Exchange are traded on the Stock Exchange Electronic Trading Service (SETS) which automatically matches buyers and sellers, and which is known as the 'order book'. SEAQ is used for those stocks which are too small to be traded on SETS. Automated Export SystemAutomated Export SystemElectronic filing of Shippers Export Declaration (SEDs)with US Customs prior to departure. Automated Order System (AOS)Automated Order System (AOS)Investment banks, computerized order entry system that sends single order entries to DOT (Odd-Lot) or to investment banks, floor brokers on the exchange. See: Round lot, GTC orders. Automated Clearing House (ACH)Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Further SuggestionsOpening Automated Report ServiceAutomated Pit Trading (APT) Security Industry Automated Corporation (SIAC) Automated teller maching (ATM) European Association of Securities Dealers Automated Quotation automated teller machine Boston Exchange Automated Communication Order Routing Network (BEACON) Automated Customer Account Transfer (ACAT) Japanese Association of Securities Dealers Automated Quotation System (Jasdaq) Clearing House Automated Payments System (CHAPS) automated pit trading Automated bond system (ABS) Stock Exchange Automated Trading System PLUS Stock Exchange Automated Quotation (SEAQ) International European Association of Securities Dealers Automated Quotation (EASDAQ) |
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