Corporate Trade Exchange (CTX)

Dictionary of Banking Terms for: Corporate Trade Exchange (CTX)
Corporate Trade Exchange (CTX)

electronic funds transfer used by corporations and government agencies to pay trading partners through the Automated Clearing House (ACH)system. The CTX payment format combines payment information and a variable length record (called an addendum record) with related information, such as invoice numbers, allowing multiple payments to trade creditors in a single transfer of funds.

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