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While same-day settlement is revving up in the pits, most interested treasury staffs are still shuffling on the sidelines. One of the two big automated clearinghouse (ACH) electronic clearing networks, the one operated by the Atlanta Fed, introduced limited same-day settlement in August. True same-day ACH could expedite funds concentration, reduce float, help companies spot returns sooner and allow them to cut wire costs, but that remains a distant possibility for most companies.

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