Finance
N.Y. clearing house says Y2k test 'perfect'
The New York Clearing HouseAssociation, the electronic link between banks and business thatallows fund transfers and direct payrolls deposits, said Mondaya three-day Year 2000 test had so far yielded 'perfect' results.The system handles 95 percent of all international U.
The New York Clearing House Association, the electronic link between banks and business that allows fund transfers and direct payrolls deposits, said Monday a three-day Year 2000 test had so far yielded 'perfect' results. The system handles 95 percent of all international U.S. dollar transactions worldwide, which amounts to $1.2 trillion and $2 trillion per day, according to the clearing house. --Reuters