Credit transfer

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Revision as of 18:49, 22 July 2019 by imported>Doug Williamson (Add cash management context.)
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Cash management.

A credit transfer is a payment order or possibly a sequence of payment orders made for the purpose of placing funds at the disposal of the beneficiary.

Both the payment instructions and the funds described therein move from the bank of the payor/originator to the bank of the beneficiary, possibly via several other banks as intermediaries and/or more than one credit transfer system.


See also