Category Archives: Fintech

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

By | June 17, 2021

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

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 »