Transfer: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 14/8/13) |
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1. The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by: | 1. | ||
The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by: | |||
i. The conveyance of physical instruments/money; or | i. The conveyance of physical instruments/money; or | ||
ii. Accounting entries on the books of a financial intermediary; or | ii. Accounting entries on the books of a financial intermediary; or | ||
iii. Accounting entries processed through a funds and/or securities transfer system. | iii. Accounting entries processed through a funds and/or securities transfer system. | ||
The act of transfer affects the legal rights of the transferor, transferee and possibly third parties in relation to the money balance, security or other financial instrument being transferred. | The act of transfer affects the legal rights of the transferor, transferee and possibly third parties in relation to the money balance, security or other financial instrument being transferred. | ||
2. In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk. | |||
2. | |||
In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk. | |||
== See also == | == See also == | ||
* [[Provisional transfer]] | * [[Provisional transfer]] | ||
* [[Transfer system]] | * [[Transfer system]] | ||
Revision as of 13:20, 14 August 2013
1.
The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by:
i. The conveyance of physical instruments/money; or
ii. Accounting entries on the books of a financial intermediary; or
iii. Accounting entries processed through a funds and/or securities transfer system.
The act of transfer affects the legal rights of the transferor, transferee and possibly third parties in relation to the money balance, security or other financial instrument being transferred.
2.
In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk.
