pan-European automated clearing house (PE-ACH)

What is pan-European automated clearing house (PE-ACH)?

pan-European automated clearing house (PE-ACH) definition and meaning on Finance terms:
A business platform for the processing of euro payment instruments which is made up of governance rules and payment practices and supported by the necessary technical platform(s). <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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