Lockbox / Remote Deposit Capture — impact tolerance ≤ 1 business day — ITOL

Impact tolerance: ≤ 1 business day — any missed same-day availability commitment on committed items (illustrative default — trace the derivation, then replace with your own harm analysis)

Definition: Wholesale lockbox receivables processing and merchant/commercial remote deposit capture (RDC) for check deposits.

Why it is designated: Availability schedules are contractual. Delays impact client float and working-capital planning. Commitments under Reg CC, the federal funds-availability rule, also apply.