Direct participant in an IFTS and Direct quote: Difference between pages

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A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling.
A foreign exchange rate quotation where the USD is the quoted currency.


Direct participants hold reserves accounts for this purpose at the central bank.
== See also ==
* [[Foreign exchange rate]]
* [[Indirect quote]]
* [[Quoted currency]]
* [[USD]]


 
[[Category:Trade_Finance]]
== See also ==
[[Category:FX_Risk]]
* [[Central bank]]
* [[Indirect participant in an IFTS]]
* [[Interbank Funds Transfer System]]
* [[Participant in an FTS]]
* [[Reserves account]]

Revision as of 16:06, 18 August 2014

A foreign exchange rate quotation where the USD is the quoted currency.

See also

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