Our clearing account is a third-party pass-through master account that held and managed by the Hill Scott Corporation HSC a Louisiana Clearing Corporation with a commercial Clearing Bank.
The clearing account is used as an external zero balance commercial bank product. It is the initial receiver of high value private funds. Private funds are transferred as straight through “Real Time Payment RTP” from Treasury to Bank lending.
Private funds are debited from the Treasury Bank over the internet to HSC’s Clearing Account with Clearing Bank under
- compliance clearing measures
- assurance of regulatory rules,
- credit threshold limits with correct LTV ratio; and
- registered statement filed with the Federal Reserve under regulation U.
After clearing, HSC book transfer funds to members settlement account leaving a zero balance within the it’s clearing account with clearing bank for CIP Participants.
CIP Participants are:
- Public Body – SAR, Yield and Service and Products Beneficiaries
- Developer – Administrator, Contractors and Vender – Development Fees
- Clearing Bank – Correspondence – Collection Fees
Public Body means international Family and Community Members participate with in the CIP.
Developers means Treasury Bank Accountholder as Administrator Stakeholders, Contractors, and Subcontractors.
Clearing Bank means a payment collection bank and acquirer for CIP public body and merchants as direct deposit or direct card top-up. In the form of Accountholder yield and development fees as Settlement.
T2B Integration
Treasury to Bank T2B is a direct straight-through open bank relationship using HSC as Clearing Corporation.
HSC create an open bank integration solutions for Treasury Bank T2B relationship commercial bank clearing account as H2H SFTP SSH connection by utilizing the following:
- Treasury Bank – development, securities deposit
- HSC – compliance clearing and liquidity
- Bank and Card payment processor
- Clearing Bank – Acquirer
- Clearing Account – Master bank account
- Settlement Account – Sub-bank account
HSC clearing aiming to turn complex digital asset cash management tasks into simple processes.
Treasury Bank specialize in total cloud base T2B Technology solutions to integrate with third- party Clearing Bank core.
Integration and Payment
Treasury Bank has partnered with Third Partner Payment Processor TPPP a modern fintech company with multi level bank formats to make sure your our members and our clearing bank communicate seamlessly through our core cloud-based solutions.
Treasury Bank TTTP allow seamlessly integrate of HSC and Treasury Bank’s cloud-based ERP core systems with our respective clearing banks. This integration enables Treasury Bank to conveniently send payments and effortlessly receive Balance and Transaction Information directly within its ERP system.
Clearing account clear and liquidated data under security entitlement and interest under UCC 8-501. under choice of law of funds-transfer system rule pursuant to Louisiana commercial code j§10:4A-507.