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 - at the total time it takes - can be viewed as comprising:
 
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 more of a problem.
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:Financial_products_and_markets]]
[[Category:The_business_context]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]
[[Category:The_business_context]]


[[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


Other resource