Fiduciary services and Friction: Difference between pages

Revision as of 17:25, 20 June 2020

Transaction processing.

In transaction processing, friction is any delay or expense relating to a transaction.

The associated costs are known as 'friction costs'.

Friction costs include time and distraction, as well as direct transaction charges.

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-''Financial services.''
+''Transaction processing''.
-Investment management and wealth management services usually including holding assets as a trustee or in a similar capacity.
+In transaction processing, friction is any delay or expense relating to a transaction.
+The associated costs are known as 'friction costs'.
+Friction costs include time and distraction, as well as direct transaction charges.
 == See also ==
-* [[Fiduciary ]]
+* [[Hysteresis]]
-* [[Principal]]
+* [[Payments and payment systems]]
-* [[Private banking]]
+* [[Straight-through processing]]
-* [[Trustees]]
-* [[Wealth management]]
+[[Category:Cash_management]]