Credit transfer: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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Both the payment instructions and the funds described therein move from the bank of the payor/originator to the bank of the beneficiary, possibly via several other banks as intermediaries and/or more than one credit transfer system. | Both the payment instructions and the funds described therein move from the bank of the payor/originator to the bank of the beneficiary, possibly via several other banks as intermediaries and/or more than one credit transfer system. | ||
== See also == | == See also == | ||
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* [[International payment instruction]] | * [[International payment instruction]] | ||
* [[Paperless credit transfers]] | * [[Paperless credit transfers]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:11, 29 November 2014
A payment order or possibly a sequence of payment orders made for the purpose of placing funds at the disposal of the beneficiary.
Both the payment instructions and the funds described therein move from the bank of the payor/originator to the bank of the beneficiary, possibly via several other banks as intermediaries and/or more than one credit transfer system.
