Operating lease and PISP: Difference between pages

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imported>Doug Williamson
m (Re-order Other links.)
 
imported>Doug Williamson
(Note that the categorisation as TPP is new under PSD2.)
 
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An operating lease involves the lessee (user) paying rentals for the hire of an asset for a period of time which is normally substantially less than the asset’s full useful life.
''Payment systems - PSD2''.
The owner (lessor) retains the significant risks and rewards of ownership - usually including the responsibility for maintenance, insurance and the like, and enjoyment of a significant residual value of the asset at the end of the lease term.


Under IAS 17 and SSAP 21, operating leases are accounted for 'off balance sheet' by the user of the asset.
A Payment Initiation Service Provider, regulated under PSD2.
This means that the obligations/liabilities to pay future lease instalments are only disclosed in the notes to the financial statements, not on the face of the balance sheet.
 
 
PISPs are one of two new types of third party provider (TPP) under PSD2, the other being AISPs.




== See also ==
== See also ==
* [[ED 2010/9]]
*[[Aggregator]]
* [[Finance lease]]
*[[AISP]]
* [[IAS 17]]
*[[Authorised payment institution]]
* [[Lease]]
*[[e-commerce]]
* [[SSAP 21]]
*[[Faster Payments Service]]
 
*[[Fintech]]
*[[Information technology]]
*[[P2P]]
*[[Payment service provider]]
*[[Payment system]]
*[[PSD2]]
*[[Third party provider]]
*[[TTP]]


==Other links==
[[Category:Accounting,_tax_and_regulation]]
*[http://www.treasurers.org/node/8011 Operating lease accounting changes, The Treasurer, July 2012]
*[http://www.treasurers.org/node/8924 A Lesson on leases, The Treasurer, April 2013]

Latest revision as of 10:59, 4 June 2018

Payment systems - PSD2.

A Payment Initiation Service Provider, regulated under PSD2.


PISPs are one of two new types of third party provider (TPP) under PSD2, the other being AISPs.


See also

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