Abbreviations

It is a numerical sequence printed on the bottom of the bar code checks. It is one more security item in the check that should be printed with MICR (Magnetic Ink Character Recognition) toner. The MICR is a recognition technology adopted by most banks and aims to facilitate the checks processing.

Check clearing housing and other papers / Câmara de compensação de cheques e outros papeis.

It is the system responsible for clearing checks and other titles. Settlement is deferred and at net multilateral value, occurring on the day after the clearing, in the case of checks of a value equal to or higher than a certain limit. Covering the entire national territory, the system is composed, for purposes of physical exchange of documents, by a national chamber, fifteen regional chambers and nine local chambers.

The Available Electronic Transfer is a modality of electronic transfer of values online or real time between banks processed by the Brazilian payment system (Sistema de Pagamentos Brasileiro - SPB).

The Brazilian banking association.

The Brazilian payment system (Sistema de Pagamentos Brasileiro).

The credit order document is a financial transaction that allows the financial institution account holders to make interbank transfers.

Internal transfer between accounts is a transfer between accounts in the same financial institution without any involvement of clearing chambers and, or external institutions.

Electronic funds transfer is an electronic transfer of online or real time (immediate) securities between CIP - Interbank Payments Chamber and the banks that hold the bank accounts of the customer type PJ. This transfer occurs through messages specific to the Brazilian payment system - SPB.