Offset and Payment Services Directive: Difference between pages

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1.
(PSD).


Ability to set assets against liabilities in multiple bank accounts.  
A directive designed to increase consumer rights when sending transfers and money remittances outside the European Union (EU) or paying in non-EU currencies, and to promote the emergence of new players and the development of innovative mobile and internet payments in Europe.  


Also used in netting transactions.


== See also ==
* [[EC Directive 2007/64/EC ]]
* [[European Union]]
* [[One-leg-out payment]]
* [[Payments and payment systems]]
* [[PSD2]]
* [[RTS]]
* [[SCA]]
* [[Single Euro Payments Area]]
* [[TPP]]


2.


More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. 
Most commonly, when the asset and liability are with the same counterparty.
== See also ==
* [[Assets]]
* [[Counterparty]]
* [[Interest offset pooling]]
* [[Liabilities]]
* [[Netting]]
* [[Open interest]]


[[Category:Accounting,_tax_and_regulation]]
===Other links===
[[Category:The_business_context]]
[http://www.treasurers.org/node/10186?utm_source=Communicator&utm_medium=Email&utm_content=Untitled13&utm_campaign=Monthly+Newsletter+-+June+2014: EACT position paper on PSD2]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 15:25, 3 August 2018

(PSD).

A directive designed to increase consumer rights when sending transfers and money remittances outside the European Union (EU) or paying in non-EU currencies, and to promote the emergence of new players and the development of innovative mobile and internet payments in Europe.


See also


Other links

EACT position paper on PSD2

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