Corporate Trade Exchange - CTX


DEFINITION of 'Corporate Trade Exchange - CTX'

A monetary transfer system used by corporations and governmental agencies. Corporate trade exchanges are used to pay trading partners via the automated clearing house (ACH) system. The CTX format allows for payment to several parties with a single fund transfer.

BREAKING DOWN 'Corporate Trade Exchange - CTX'

The CTX payment system contains several pieces of information that allow for aggregation of payments. It features an information record of variable length, called an addedum record. This record can contain up to 9,999 addenda records with 800,000 characters apiece. This provides adequate payment remittance information and an invoice number to facilitate tracking.

  1. Derivative

    A security with a price that is dependent upon or derived from ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  4. Automated Clearing House - ACH

    An electronic funds-transfer system run by the National Automated ...
  5. Corporation

    A legal entity that is separate and distinct from its owners. ...
  6. Reverse Exchange

    A type of property exchange wherein the replacement property ...
Related Articles
  1. Markets

    Operating Cash Flow: Better Than Net Income?

    Differences between accrual accounting and cash flows show why net income is easier to manipulate.
  2. Markets

    What Is A Cash Flow Statement?

    Learn how the CFS relates to the balance sheet and income statement as a part of a company's financial reports.
  3. Fundamental Analysis

    Taking Stock Of Discounted Cash Flow

    Learn how and why investors are using cash flow-based analysis to make judgments about company performance.
  4. Investing Basics

    Should You Get A Six Sigma Black Belt? Average Salary: 98K

    Interested in the Six Sigma Black Belt but unsure whether you need one? Here's a guide to it and how it differs from other belts.
  5. Investing Basics

    What is Equity?

    Think of equity as ownership in any asset after all debts stemming from that asset are paid.
  6. Economics

    What's a Horizontal Merger?

    A horizontal merger occurs when companies within the same industry merge.
  7. Economics

    Explaining Quality Control

    Businesses use quality control to ensure their products and services meet a certain standard, as well as any industry regulations.
  8. Professionals

    What is Backward Integration?

    What is backward integration, and how can it affect industries?
  9. Economics

    How a Monopoly Works

    In economics, a monopoly occurs when one company is the sole (or nearly sole) provider of a good or service within an industry. This potentially allows that company to become powerful enough ...
  10. Taxes

    Which Receipts Save Big Money at Tax Time

    Don't wait to April 13th to set up a smart receipt-filing system. These 7 categories could save you some significant money.
  1. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  2. Does working capital include inventory?

    A company's working capital includes inventory, and increases in inventory make working capital increase. Working capital ... Read Full Answer >>
  3. How can I calculate funds from operation in Excel?

    In general, the terms "work in progress" and "work in process" are used interchangeably to refer to products midway through ... Read Full Answer >>
  4. When does Q4 start and finish?

    Most companies such as Facebook have financial years that end on December 31st. For these companies, the fourth quarter begins ... Read Full Answer >>
  5. When is it useful to look at a company's fixed asset turnover ratio?

    It is useful to look at a company's fixed asset turnover ratio when an outside observer, such as an investor, wants to know ... Read Full Answer >>
  6. What is the difference between perfect and imperfect competition?

    Perfect competition is a microeconomics concept that describes a market structure controlled entirely by market forces. In ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Bar Chart

    A style of chart used by some technical analysts, on which, as illustrated below, the top of the vertical line indicates ...
  2. Bullish Engulfing Pattern

    A chart pattern that forms when a small black candlestick is followed by a large white candlestick that completely eclipses ...
  3. Cyber Monday

    An expression used in online retailing to describe the Monday following U.S. Thanksgiving weekend. Cyber Monday is generally ...
  4. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
Trading Center