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#694538 - 02/28/07 04:21 PM Posting incoming wires...
A_G Offline
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Joined: Jul 2004
Posts: 19,027
Is there a general rule as to when the wire needs to be posted. For example, say we close at 5 and a wire comes in at 4:59...are we required to post that business day or can it wait until the next morning?

Can anyone point me to guidance regarding this?

Thanks.
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Operations Compliance
#694739 - 02/28/07 08:12 PM Re: Posting incoming wires... A_G
HappyGilmore Offline
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Joined: Jun 2004
Posts: 20,055
Pulling people out of the ditc...
what does your contract state? Look to your deposit guidelines for your answer.
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#695710 - 03/02/07 05:30 PM Re: Posting incoming wires... HappyGilmore
A_G Offline
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Joined: Jul 2004
Posts: 19,027
thanks happy. that's what I was thinking too. Dip pointed me to Reg CC too regarding electronic transfers.
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