Author Archives: George Valentin Voina

Learn #banking, #fintech and #payments jargon: Clearing House

By | June 22, 2021
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Clearing House Definition: A multilateral system or arrangement that provides its Participants with clearing services for payment instructions, securities transactions, derivatives transactions, and in some cases, settlement services. Details: The most famous example of a clearing house is “The Automated Clearing House (ACH) Network” the electronic funds-transfer system run by NACHA, since 1974. ACH provides… Read More »

Learn #banking, #fintech and #payments jargon: Collateral

By | June 22, 2021
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Collateral Definition: An asset that is delivered by the collateral provider to secure an obligation to the collateral taker. Collateral arrangements may take different legal forms. Collateral may be obtained using the method of title transfer or pledge of assets. An asset or third-party commitment that is used by a collateral provider to secure an… Read More »

Learn #banking, #fintech and #payments jargon: Clearing

By | June 21, 2021
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Clearing Definition: The process of transmitting, reconciling and, in some cases, confirming transactions prior to settlement, potentially including the netting of transactions and the establishment of final positions for settlement. Sometimes this term is also used (imprecisely) to cover settlement. For the clearing of futures and options, this term also refers to the daily balancing… Read More »

Learn #banking, #fintech and #payments jargon: Available Balance

By | June 17, 2021
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Available Balance Definition: The total funds a participant in a payment system has available for settlement of transactions at any moment. Calculated as a total of some pre-defined components: opening balance net value of credits and debits processed but not applied yes usable minimum reserve requirement account limits collaterals (loans, pledged securities, pledged stock options… Read More »

Learn #banking, #fintech and #payments jargon: Acceptance for Settlement

By | June 17, 2021
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Acceptance for Settlement Definition: The moment at which a payment transaction becomes irrevocable as far as the sender is concerned. This is the point at which a transaction passes the tests to determine whether there is sufficient collateral for the transaction to proceed. Details: You have to see this as the last stage of a… Read More »

#balaji list of must read resources for #crypto, #bitcoin, #ethereum

By | June 15, 2021
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This post is more like a personal note of the resources indicated by Balaji as a must read if you want to start the journey of understanding crypto currencies and the underlying technology. Mastering Bitcoin Mastering Bitcoin is a book for developers, although the first two chapters cover bitcoin at a level that is also… Read More »

My take on #Bitcoin, #ElSalvador and #CBDC

By | November 2, 2021
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Starting from 9th of June 2021 #Bitcoin is legal tender in #ElSalvador. This has major world wide consequences and bellow are my takes on this. No country can tax profits from selling #Bitcoin as is no longer an “asset” but a currency. Remember #XRP issues with this topic. The Federal Reserve is investigating Ripple company,… Read More »

#Oracle ORA-00600: internal error code, arguments: [ktbdchk1: bad dscn]

By | November 2, 2021
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Oracle 11g database with Data Guard active. A switch of the sites (from production to disaster recovery node) is done and all seems good. Suddenly one day after the switch (more than one month) the enterprise application using it cannot connect any-more (connection pool getting filled up). The underlying issue that causes this is reported… Read More »

Recover a dead #Ubiquity #EdgeRouter

By | March 10, 2022
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One of the most annoying issues you can have in your network setup is when a router dies. I am a fan of Ubiquity EdgeRouters but they suffer from one annoying issue. Sometimes due to power issues the USB stick that acts as a storage media gets corrupted or dies. In the following I will… Read More »