Credit transfer: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>Doug Williamson (Add cash management context.) |
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A payment order or possibly a sequence of payment orders made for the purpose of placing funds at the disposal of the beneficiary. | ''Cash management.'' | ||
A credit transfer is 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. | 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. | ||
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== See also == | == See also == | ||
* [[Bank transfer]] | * [[Bank transfer]] | ||
* [[Cash management]] | |||
* [[Credit]] | |||
* [[Credit transfer system]] | |||
* [[Debit transfer system]] | * [[Debit transfer system]] | ||
* [[Giro]] | * [[Giro]] | ||
Revision as of 18:49, 22 July 2019
Cash management.
A credit transfer is 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.
