Direct participant in an IFTS and Non-maturity deposit: 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.
''Banking''.


Direct participants hold reserves accounts for this purpose at the central bank.
(NMD).
 
A non-maturity deposit by a bank customer, such as a call account, represents a liability of the bank which does not have a contractual maturity date.




== See also ==
== See also ==
* [[Central bank]]
* [[Call money]]
* [[Indirect participant in an IFTS]]
* [[Deposit]]
* [[Interbank Funds Transfer System]]
* [[Maturity]]
* [[Participant in an FTS]]
* [[Reserves account]]

Revision as of 12:25, 12 November 2016

Banking.

(NMD).

A non-maturity deposit by a bank customer, such as a call account, represents a liability of the bank which does not have a contractual maturity date.


See also

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