View source for Participant in an FTS

A party which participates in a transfer system. 

This generic term refers to an institution which is identified by a transfer system (for example by a bank identification number) and is allowed to send payment orders directly to the system or which is directly bound by the rules governing that transfer system.


== See also ==
* [[Direct participant in an IFTS]]
* [[Indirect participant in an IFTS]]

[[Category:Financial_products_and_markets]]