AUTOMATIC TRANSFER SERVICE - ATS
A banking service catered to customers which has both a particular and general meaning. On a general basis, it can denote any automatic funds transfer from customer accounts. For example, a transfer on a regular basis coming from a checking account in order to pay off a bank loan, or a monthly transfer which comes from a checking account towards a savings account.
More particularly, it denotes the overdraft protection given when an automatic transfer of funds occur from a savings account of a customer towards his or her checking account in case the funds is not enough to maintain a minimum balance or cover the unpaid checks. The customer deviates any overdraft fees and all of the hassle concerning the returned checks.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
