Large-value funds transfer system: Difference between revisions
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Revision as of 14:19, 23 October 2012
A funds transfer system through which large-value and high priority funds transfers are made between participants in the system for their own account or on behalf of their customers. Although, as a rule, no minimum value is set for the payments they carry, the average size of payments passed through such systems is usually relatively large.
Large-value funds transfer systems are sometimes known as wholesale funds transfer systems.
See also