Settlement account and Third-party service provider: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create the page. Source: Bank of England http://www.bankofengland.co.uk/markets/Documents/paymentsystems/boesettlementaccounts.pdf)
 
(Add definition.)
 
Line 1: Line 1:
1. ''Central banking - Bank of England.''
1. ''Supply chain - suppliers - financial services.''


An account held by a direct participant in a payment or settlement system, held at the Bank of England, for the purpose of making related payments.
A service provider that provides services to one or more financial institutions under a third-party service relationship.


A reserves account already held at the Bank of England may be used as a settlement account.


2.  ''Supply chain - suppliers.''


2.
Similar structures in other sectors.


Similar accounts held at other central banks.


==See also==
* [[Financial institution]]
* [[Nth-party service provider]]
* [[Outsourcing]]
* [[Service provider]]
* [[Supply chain]]
* [[Third party]]
* [[Third-party service relationship]]


== See also ==
[[Category:Risk_frameworks]]
* [[Bank of England]]
[[Category:The_business_context]]
* [[Central bank]]
* [[Gross settlement system]]
* [[Payments and payment systems]]
* [[Real-time gross settlement system]]
* [[Reserves account]]

Revision as of 19:35, 17 January 2024

1. Supply chain - suppliers - financial services.

A service provider that provides services to one or more financial institutions under a third-party service relationship.


2. Supply chain - suppliers.

Similar structures in other sectors.


See also