SC: DRT Auction Sale Valid Despite Failure to Serve Order XXI Rule 22 Notice || SC: Legal Representatives Entitled to Motor Accident Compensation without Financial Dependency || SC: Re-Employed Officers May be Classified Differently from Regular Officers || Supreme Court Questions Union's Opposition to Global Food Package Labelling Norms || SC: S.42 NDPS Act Compliance Need Not be Absolute When Immediate Seizure is Required || SC Clarifies Whether Tenancy Ends after Landlord-Tenant Execute Agreement to Sell || SC Levies Rs. 10 Lakh Cost on Reliance Industries for Hindering 20-Year-Old NTPC Suit || P&H HC: Authorities Obligated to Act if Protests Escalate into Violence || Allahabad HC: Allottee Aware of Reduced Lease Area Not Entitled to Full Zero-Period Benefit || Delhi HC: 2015 Commercial Courts Act Applicable to Suits Instituted Before its Enactment

Settlement System under Asian Clearing Union- (Reserve Bank of India) (30 Jun 2016)

MANU/APDR/0043/2016

Banking

The Reserve Bank of India has temporarily suspended the Asian Clearing Union - Euro payment channel from 1 July 2016.

The move comes as the payment channel for processing ACU Euro transactions is reviewed. In the meantime, eligible transactions in Euro are permitted to be be settled outside the ACU mechanism.

Relevant : Settlement system under ACU Mechanism MANU/APDR/0128/2008

Tags : ACU EURO SETTLEMENT SYSTEM SUSPENDED

Share :