Offset and Payment Services Directive: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Replaced out of date link with latest update.)
 
Line 1: Line 1:
1.
(PSD).


Ability to set assets against liabilities in multiple bank accounts.  Also used in netting transactions.
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.  




2.
== 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]]


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 ==
===Other links===
* [[Assets]]
[https://ec.europa.eu/info/law/payment-services-psd-2-directive-eu-2015-2366_en Payment services (PSD 2) - Directive (EU) 2015/2366]
* [[Counterparty]]
* [[Liabilities]]
* [[Netting]]
* [[Open interest]]

Revision as of 12:08, 26 February 2020

(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

Payment services (PSD 2) - Directive (EU) 2015/2366

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Offset&oldid=36851’