DIA and Deduct from beneficiary: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''Financial reporting''.
''Banking.''


Date of Initial Application, for example in relation to IFRS 16, Leases.
The practice of deducting bank fees directly from an amount being transferred.


The amount received in the beneficiary's account is reduced by the amount of the fees.


==See also==
 
*[[IFRS 16]]
This practice is common in some countries where a correspondent bank is used to effect a cross-border payment.
*[[Incremental borrowing rate]]
 
*[[Interest rate implicit in a lease]]
 
*[[Lease]]
== See also ==
*[[Residual value]]
* [[Beneficiary]]
* [[Correspondent banking]]
 
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Latest revision as of 17:54, 29 June 2022

Banking.

The practice of deducting bank fees directly from an amount being transferred.

The amount received in the beneficiary's account is reduced by the amount of the fees.


This practice is common in some countries where a correspondent bank is used to effect a cross-border payment.


See also