Corporate Trade Exchange (CTX) Definition | Business Dictionaries from
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Business Glossary


Business Definition 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.

See also Corporate Trade Payment (CTP) , electronic data interchange (EDI) , Cash Concentration & Disbursement (CCD)
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.


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