(1) A bank or institution, when processing each payment order or each payment transaction, such order or transaction must be processed separately in real time.
(2) Notwithstanding anything written in sub-section (1), the bank or organization may postpone the transaction based on the debit or credit netting of the account related to payment of the payment order or payment transaction received within a certain period of time by calculating the interval unilaterally. Explanation: For the purposes of this sub-section, "netting" means the system of net reconciliation through the bank of the transactions between the companies involved in payment and settlement during a certain period according to the procedure prescribed by the bank.
(3) Payment of cash, transfer and swift transactions shall be made in accordance with sub-section (1) and daily transactions through electronic check Rafsaf (clearing) shall be made in accordance with sub-section (2).
(4) Exemption for large value payment transactions under RTGS shall be as per sub-section (1).
(5) During electronic check clearing (clearing), transactions through the clearing house (clearing house) shall be done through the total clearing or net clearing method as specified by the bank. Explanation: For the purposes of this sub-section, "Total Payment" means payment of transactions carried out separately according to the customer's order and "Separate Payment" means lump sum payment of transactions at certain time intervals or as determined by the bank.
(6) Issuance of securities and bonds, calculation of interest, payment of dividends, payment of loan and interest, transfer of ownership and purchase and sale of transactions shall be in accordance with the prevailing law on securities and bonds.