Difference between revisions of "Indirect participant in an IFTS"

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''Funds transfer''.   
 
''Funds transfer''.   
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An indirect participant in an IFTS (Interbank Funds Transfer System) is one which does not settle its own payment on a gross or net payment basis and, therefore, settles them through a direct participant.
 
An indirect participant in an IFTS (Interbank Funds Transfer System) is one which does not settle its own payment on a gross or net payment basis and, therefore, settles them through a direct participant.
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== See also ==
 
== See also ==
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* [[Interbank Funds Transfer System]]
 
* [[Interbank Funds Transfer System]]
 
* [[Participant in an FTS]]
 
* [[Participant in an FTS]]
 
 

Revision as of 15:37, 22 August 2013

Funds transfer.

An indirect participant in an IFTS (Interbank Funds Transfer System) is one which does not settle its own payment on a gross or net payment basis and, therefore, settles them through a direct participant.


See also