Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
Version of section 55 from 2006-03-22 to 2012-08-16:
Marginal note:Balances owing
55 The Bank of Canada shall credit the settlement account of the direct clearer or group clearer that is in default with all balances owing to the direct clearer or group clearer as a result of the return of payment items.
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