Freezing and Payment system: Difference between pages

Revision as of 17:14, 13 March 2017

A set of instruments, banking procedures and, typically, interbank funds transfer systems that facilitate the circulation of money.

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-. ''Pensions''
+A set of instruments, banking procedures and, typically, interbank funds transfer systems that facilitate the circulation of money.
-The closure of a Defined Benefit pension scheme to new members and the cessation of future benefit accrual to existing members.  It is invariably associated with the cessation of employee contributions, but may well involve the continuation of employer contributions unless there is a surplus on a discontinuance basis, in which case winding-up may also occur.
-. The blocking of the free use of assets by their owner. For example, where a bank puts a stop on the withdrawal of funds from an account.
 == See also ==
-* [[Closed pension scheme]]
+* [[Interbank Funds Transfer System]]
-* [[Closure]]
+* [[Payment service provider]]
-* [[Winding up]]
-* [[Winding-up]]