Day Cycle

AAA

DEFINITION of 'Day Cycle'

The time period alloted for the delivery of Automated Clearing House debits and credits from an originator to its processor. Typical hours are between 8:00am and 1:00pm eastern standard time (EST).

Also referred to as daytime window.

INVESTOPEDIA EXPLAINS 'Day Cycle'

The implementation of deadlines for receipt of electronic files from the originator help ensure that the processor will be able to process all transactions in a prompt and efficient manner.

RELATED TERMS
  1. Night Cycle

    An option created in 1979 to process Automated Clearing House ...
  2. Pre-Market

    A period of trading activity that occurs before the regular market ...
  3. Automated Clearing House - ACH

    An electronic funds-transfer system run by the National Automated ...
  4. Electronic Check

    A form of payment made via the internet that is designed to perform ...
  5. National Automated Clearinghouse ...

    A non-profit membership association charged with overseeing the ...
  6. Automatic Bill Payment

    Routine, automated payments made from a banking, brokerage or ...
Related Articles
  1. The Five Biggest Stock Market Myths
    Investing Basics

    The Five Biggest Stock Market Myths

  2. Inside National Payment Systems
    Economics

    Inside National Payment Systems

  3. Understanding Order Execution
    Investing Basics

    Understanding Order Execution

  4. Why There Are Few Sell Ratings On Wall ...
    Investing Basics

    Why There Are Few Sell Ratings On Wall ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center