automatic exchange

automatic exchange

[¦ȯd·ə¦mad·ik iks′chanj]
(electronics)
A telephone, teletypewriter, or data-transmission exchange in which communication between subscribers is effected, without the intervention of an operator, by devices set in operation by the originating subscriber's instrument. Also known as automatic switching system; machine switching system.
References in periodicals archive ?
After the leak of personal data, Germany and Singapore suspended temporarily the automatic exchange of data with Bulgaria.
The QC-11 enables automatic exchange of robotic end-effectors without any manual intervention.
Contract notice: "software development services to extend the functionality of the information system - aeoi (automatic exchange of information)"
In 2017, the Pakistan Muslim League-Nawaz (PML-N) government had set up Automatic Exchange of Information Commissionerates in three big cities to deal with offshore information provided by the OECD.
The Automatic Exchange of Information (AEOI) agreement signed between the two countries came into effect in 2018.
"Dominica has implemented its commitments and addressed EU concerns as regards automatic exchange of financial information," said the ministers in a statement after their meeting in Luxembourg today.
But Joven noted that as the President had indicated in his veto message, general tax amnesty must be coupled with safeguards, specifically the lifting of bank secrecy for tax purposes as well as automatic exchange of information in order to strengthen enforcement against tax evasion.
THE Department of Finance (DOF) has expressed support for the passage of the Tax Amnesty Act of 2019, but pointed out that President Duterte is still encouraging Congress to pass a general amnesty law with provisions on lifting of bank secrecy and automatic exchange of information (AEOI).
He also said that so far 70 countries are sharing information with India under Automatic Exchange Of Information (AEOI).
The Senate also removed the provisions on the automatic exchange of information between the Bureau of Internal Revenue (BIR) and foreign tax authorities pursuant to treaties or international agreements with other countries.
Under the Organisation for Economic and Co-Operation and Development, we will implement the Automatic Exchange of Information (policy).
Under the Organisation for Economic Cooperation and Development's (OECD) new automatic exchange of information programme, effective since Sept 1, 2018, more than 101 countries have agreed for automatic exchange of financial information.

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