Originator leg: Difference between revisions
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The originator leg is a concept in correspondent banking. | The originator leg is a concept in correspondent banking. | ||
A correspondent banking payment over SWIFT - | |||
A correspondent banking payment over SWIFT - and the total time it takes to be credited to the beneficiary's account - can be viewed as comprising: | |||
*Originator leg | *Originator leg | ||
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the originating bank submits that payment on SWIFT's network. | the originating bank submits that payment on SWIFT's network. | ||
In terms of delays, it is more often the in-flight leg and the beneficiary leg that are | In terms of delays, it is more often the in-flight leg and the beneficiary leg that are a greater problem. | ||
''(Source - Annual Progress Report on Meeting the Targets for Cross-border Payments p45 - October 2024 - Financial Stability Board.)'' | ''(Source - Annual Progress Report on Meeting the Targets for Cross-border Payments p45 - October 2024 - Financial Stability Board.)'' | ||
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==Other resource== | ==Other resource== | ||
*[https://www.fsb.org/uploads/P211024-3.pdf Annual Progress Report on Meeting the Targets for Cross-border Payments - October 2024 - Financial Stability Board. | *[https://www.fsb.org/uploads/P211024-3.pdf Annual Progress Report on Meeting the Targets for Cross-border Payments - October 2024 - Financial Stability Board. | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 14:10, 5 February 2025
Payments - correspondent banking - SWIFT - Financial Stability Board (FSB).
The originator leg is a concept in correspondent banking.
A correspondent banking payment over SWIFT - and the total time it takes to be credited to the beneficiary's account - can be viewed as comprising:
- Originator leg
- In-flight leg and
- Beneficiary leg.
The originator leg is the time from a payer initiating a payment with its originating bank until
the originating bank submits that payment on SWIFT's network.
In terms of delays, it is more often the in-flight leg and the beneficiary leg that are a greater problem.
(Source - Annual Progress Report on Meeting the Targets for Cross-border Payments p45 - October 2024 - Financial Stability Board.)
See also
- Beneficiary leg
- Correspondent banking
- Documentary collection
- In-flight leg
- Network bank
- Nostro account
- Originator
- Payments and payment systems
- SLA partner banking
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Other resource
- [https://www.fsb.org/uploads/P211024-3.pdf Annual Progress Report on Meeting the Targets for Cross-border Payments - October 2024 - Financial Stability Board.
