Transfer: Difference between revisions
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add third definition. Source: linked pages.) |
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1. | 1. ''Cash and securities management.'' | ||
The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by: | The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by: | ||
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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. | 2. ''Risk management.'' | ||
In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk. | In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk. | ||
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The 'transfer' risk response includes both insurance and external hedging of financial risks with derivative instruments such as forward contracts. | The 'transfer' risk response includes both insurance and external hedging of financial risks with derivative instruments such as forward contracts. | ||
3. ''Pensions.'' | |||
The movement of a pension scheme member from one scheme to another, together with related pension liabilities and assets. | |||
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* [[Hedging]] | * [[Hedging]] | ||
* [[Insurance]] | * [[Insurance]] | ||
* [[Payments and payment systems]] | |||
* [[Provisional transfer]] | * [[Provisional transfer]] | ||
* [[Reduce]] | * [[Reduce]] | ||
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* [[Risk response]] | * [[Risk response]] | ||
* [[Transfer system]] | * [[Transfer system]] | ||
* [[ | * [[Transfer value]] | ||
* [[TUPE]] | |||
Revision as of 15:30, 10 March 2019
1. Cash and securities management.
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. Risk management.
In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk.
Such a transfer often leaves counterparty risk on that other party as the primary residual risk.
The 'transfer' risk response includes both insurance and external hedging of financial risks with derivative instruments such as forward contracts.
3. Pensions.
The movement of a pension scheme member from one scheme to another, together with related pension liabilities and assets.
