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- Title
ARTICLE TWO Rights and Responsibilities of ODFIs, Their Originators, and Third-Party Senders: SECTION 2.9 Reversing Entries (effective June 30, 2021, this section will be revised and replaced in its entirety).
- Abstract
The article informs on terms used in Section 2.9 of NACHA Operating Rules related to Reversing Entries. Topics include reports that an Originator may initiate a Reversing Entry to correct an Erroneous Entry previously initiated to a Receiver account; and considered that a debit Reversing Entry must not contain an Effective Entry Date that is earlier than the Effective Entry Date of the credit Entry to which it relates.
- Subjects
NACHA (Organization); DATA entry; DEBITS (Accounting); CREDIT cards; RULES
- Publication
Nacha Operating Rules & Guidelines, 2021, pOR32
- ISSN
1549-2036
- Publication type
Article