(1) In accordance with the instructions given by the bank from time to time, the organization shall make arrangements for the final settlement of transactions through the bank to be done quickly, efficiently and effectively in order to reduce the risk.
(2) The institution shall have adequate liquidity, collateral protection and risk management so that the transaction can be terminated at any time.
(3) Regardless of the total or net transaction in the bank account, the transaction will be finalized only after the actual amount is transferred.
(4) No payment shall be refunded or repaid after the transaction has been finalised. But if the accounts differ due to any reason, it will not be considered as an obstacle to reconcile the accounts based on the evidence.
(5) The organization may pledge any amount, liquid assets or equipment as determined by the bank.
(6) In accordance with sub-section (5), the mortgage held for security can be used to fulfill other obligations related to payment to be borne by the institution.
(7) When the organization settles the final account of payment, in the event that the bank balance or the mortgage or security kept as per sub-section (5) is not used, if a specific time is specified, within the same time and if the time is not specified, the bank shall provide the loan to the organization so that the account is reconciled on the same day (intraday). can