1). CTS:- Cheque Truncation System
The complete form ofCTSIsCheque Truncation Systems. The Reserve Bank of India (RBI), which is responsible for clearing cheques faster, has created the Cheque Truncation System. Truncation, as the name implies, is the stopping of the flow of a physical cheque from clearing. An electronic image of the check along with the MICR number is substituted. This information is sent from the drawer bank to the drawee bank.
CTS-compliant checks are safer than older cheques, and therefore less susceptible to fraud. As the system matures it is possible to integrate multiple locations and decrease geographical restrictions in check clearing. Multi-city cheques could be cleared simultaneously in the future.
A Brief History
- In February 2008, the Reserve Bank of India launched the CTS in New Delhi’s National Capital Region.
- It was inaugurated in Chennai in September 2011.
- The RBI had decided that only CTS2010 cheques would be cleared by banks starting in August 2013. This deadline was extended to 31/12 2013 in July 2013.
CTS has many benefits
- It reduces the time, effort and money involved in physical cheque movement.
- Customers receive better service because the cheques clear quicker.
- It increases the efficiency of banking systems.
- This reduces fraud in clearing cheques.
- There is no need to be afraid of losing your cheques during transit
- There are no geographical restrictions
2) CTS: Clear to Send
Another complete form ofCTSIsSend ClearIt is a flow control signal or mechanism in RS-232 standard. It is a flow control signal, or mechanism, in RS-232 standard. This indicates that the line or device is available for data transmission, e.g. It indicates that the device or line is ready for data transmission. It uses two additional pins from the RS232 connector. The CTS signal is sent as a response to RTS flow control signal. RTS signals are sent by the sending device to inform the receiving end that it is ready to receive the data or to set its CTS line once it is available. The CTS signal is sent to the other end when the receiving end is ready for data transmission. CTS and RTS are used to notify the receiver and transmitter of each other’s readiness to receive data before initiating transmission. This approach has the advantage that data damaged in transit will not affect flow control (as in Xon/Xoff).
3) Other Full Forms of CTS
|C T S Corporation||NYSE Symbols|
|Cadet Training Ship||Shipping & Sailing|
|Cadillac Touring Sedan||Transportation|
|Call The Shots||General Business|
|Call Tracking System||Telecom|
|Canada Treaty Series||US Government|
|Candidate Tracking System||Politics|
|Career Technology Studies||Universities|
|Careflow Transcription Suite||Software|
|Carmichael Training Systems||Companies & Firms|
|Carpal Tunnel Syndrome||Physiology|
|Cash To Spend||Accounting|
|Catera Touring Sedan||Transportation|
|Celebrate The Spirit||Religion|
|Center for Telangana Studies||Universities|
|Center for Traffic Statistics||Non-Profit Organizations|
|Center for Transportation Studies||Transportation|
|Central Travel Summary||Transportation|
|Certified Technology Specialist||Occupation & Positions|
|Certified Temporary Specialist||Occupation & Positions|
|Certified Temporary Staffing||Occupation & Positions|
|Certified Trauma Specialist||Occupation & Positions|
|Change Tracking System||Military|
|Chicago Telephone Service||Companies & Firms|
|Child Transport System||Products|
|China Travel Service||Companies & Firms|
|Chinese Television System||News & Media|
|Christ the Shepherd||General|
|Christian Team Server||Religion|
|Christian Theological Seminary||Religion|
|Classroom Technology Services||Universities|
|Clinical Technical Support||Laboratory|
|Cluster Testing System||Networking|
|Cognizant Technology Solutions||Software|
|Collaborative Testing Services||General|
|Combined Trading System||Stock Exchange|
|Commercial To Space||NASA|
|Commodity Transportation Survey||Transportation|
|Common Targeting System||Military|
|Common Type System||Products|
|Communication Terminal Synchronous||Networking|
|Communications and Tracking System||NASA|
|Communications Technology Satellite||Ocean Science|
|Community Television Station||News & Media|
|Compact Touring Sedan||Transportation|
|Compatibility Test Suite||General|
|Component Transaction Server||Networking|
|Compulsive Travellers Syndrome||Human Genome|
|Compulsive Traveller’s Syndrome||Physiology|
|Computer and Technology Showcase||Conferences|
|Computerized Training System||NASA|
|Conflict Tactic Scale||Military|
|Conformance Test System||General Computing|
|Consolidated Tape System||Hardware|
|Consolidated Technology Services||Technology|
|Construction Testing Service||Construction|
|Contact Test Set||Military|
|Conveyorized Two Station||Products|
|Coolant Temperature Sensor||Chemistry|
|Copper Tube Size||Products|
|Cordless Telephone System||Telecom|
|Cordless Tools Store||Companies & Firms|
|Corporate Translation Services||International Business|
|Corporate Transportation Specialist||Transportation|
|Correspondence Tracking System||FDA|
|Critical Thinking Skills||Educational|
|Cross Table Sampling||Mathematics|
|Crossroads Television System||News & Media|
|Customer and Trading Support||General Business|
|Cylinder Tine Separation||Products|
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