Indirect participant in an IFTS: Difference between revisions
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imported>Doug Williamson m (Spacing 22/8/13) |
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''Funds transfer''. | ''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. | 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 == | == 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.
