Corporate Trade Payment (CTP)

AAA

DEFINITION of 'Corporate Trade Payment (CTP)'

A previous form of transferring funds electronically. The corporate trade payment (CTP) system was used by corporate and governmental entities to pay creditors using the automated clearing house (ACH) system. This form of payment became obsolete, due to its lack of flexibility.

INVESTOPEDIA EXPLAINS 'Corporate Trade Payment (CTP)'

The CTP system was discontinued in 1996. It was replaced by the corporate trade exchange (CTX) system, which provided for easier tracking of payments. One of the problems with the CTP system was its inability to provide adequate informational records with each payment, a problem rectified with the CTX system.

RELATED TERMS
  1. Trade

    A basic economic concept that involves multiple parties participating ...
  2. Corporation

    A legal entity that is separate and distinct from its owners. ...
  3. Payment

    The transfer of one form of good, service or financial asset ...
  4. Straight Credit

    A type of letter of credit. A straight credit can only be paid ...
  5. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which ...
  6. WIR Bank

    A complementary currency system based in Switzerland that serves ...
Related Articles
  1. Economics

    Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
  2. Personal Finance

    What Is International Trade?

    Everyone's talking about globalization, so we explain what is it and why some oppose it.
  3. Fundamental Analysis

    An Introduction To The International Monetary Fund (IMF)

    Chances are you've heard of the IMF. But what does it do, and why is it so controversial?
  4. Economics

    What Is The World Trade Organization?

    The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it?
  5. Options & Futures

    Financial Concepts

    Diversification? Optimal portfolio theory? Read this tutorial and these and other financial concepts will be made clear.
  6. Credit & Loans

    When is it necessary to get a letter of credit?

    Capitalize on assets and negate risks by using a letter of credit. Letters of credit are often requested for buying, selling or trading.
  7. Fundamental Analysis

    Why is due diligence important before a company acquisition?

    Learn about due diligence and company officials' fiduciary duty. Explore the ill-fated acquisition of Countrywide Financial by Bank of America.
  8. Savings

    What Canadian banks offer the best savings accounts?

    Learn about different savings accounts in Canada. Explore different interest rates and fees as well as accounts that are protected by the CDIC.
  9. Savings

    What US banks offer the best savings accounts?

    Explore the best savings accounts offered by national banks comparing annual yield and other factors. Learn why the highest-yield accounts are offered online.
  10. Budgeting

    What US banks offer free checking accounts?

    Quit wasting money on monthly fees associated with your checking account and get a free checking account from reputable national banks.

You May Also Like

Hot Definitions
  1. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  2. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  3. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  4. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  5. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  6. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
Trading Center