Daylight credit: Credit extended for a period of less than one business day; in a credit transfer system with end-of-day final settlement, daylight credit is tacitly extended by a receiving participant which accepts and acts on a payment order, even though it will not receive final funds until the end of the business day.

Participant
Payment
Daylight credit in our glossary: terms and definitions

.  Be sure to use our resources to the full!  Just follow the link below:

Daylight credit at globalcustody.net