JIT and Large-value funds transfer system: Difference between pages
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A funds transfer system through which large-value and high priority funds transfers are made between participants in the system for their own account or on behalf of their customers. | |||
Although, as a rule, no minimum value is set for the payments they carry, the average size of payments passed through such systems is usually relatively large. | |||
Large-value funds transfer systems are sometimes known as wholesale funds transfer systems. | |||
== See also == | == See also == | ||
* [[ | * [[Funds transfer system]] | ||
* [[ | * [[Payments and payment systems]] | ||
Revision as of 17:11, 29 November 2014
A funds transfer system through which large-value and high priority funds transfers are made between participants in the system for their own account or on behalf of their customers.
Although, as a rule, no minimum value is set for the payments they carry, the average size of payments passed through such systems is usually relatively large.
Large-value funds transfer systems are sometimes known as wholesale funds transfer systems.
