Direct participant in an IFTS: Difference between revisions
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imported>Doug Williamson (Expand. Source BOE http://www.bankofengland.co.uk/markets/Pages/paymentsystem/accessaccounts.aspx) |
imported>Doug Williamson (Classify page.) |
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A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling. | A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling. | ||
Direct participants hold | Direct participants hold reserves accounts for this purpose at the central bank. | ||
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* [[Participant in an FTS]] | * [[Participant in an FTS]] | ||
* [[Reserves account]] | * [[Reserves account]] | ||
[[Category:Cash_management]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 20:13, 29 June 2022
A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling.
Direct participants hold reserves accounts for this purpose at the central bank.
