Accept giros: Difference between revisions
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imported>Doug Williamson m (Categorise page.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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* [[Clearing]] | * [[Clearing]] | ||
* [[Giro]] | * [[Giro]] | ||
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[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 16:10, 29 November 2014
Credit transfer.
Giros usually supplied and completed by the beneficiary with all the relevant details and sent to the payor along with an invoice.
The payor then signs the giro (in other words accepts it) and forwards it to the bank.
The bank debits the payor’s account and puts the giro into the clearing system.
