[email protected] (Dave Juraschek) writes: > No. This is a general accounting rule. (And actually, the rule is > that transactions should be processed in the order received by an > agent of the company/bank.) > It is a "bank", not a "banking" rule that you allude to. > I have personally experienced many banks (and subsequently moved my > holdings to a new bank once I found this out) which apply withdrawls > first, apply fines if this causes balance issues, and then apply > deposits. I suggest that this is actually the "banking" rule used by > most banks.
ibm services has been outsourcing such processing for some number of financial institutions ... there is folklore about trade-off between having processing to always be under the limit where fine is applied ... versus cost savings on not enough processing for always handling load spikes (offset by the sporadic fines; periodic claims that late processing fines would wipe out any profit on the outsourcing contract) -- virtualization experience starting Jan1968, online at home since Mar1970 ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
