Deposit protection scheme and Direct participant in an IFTS: Difference between pages

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A scheme which guarantees bank depositors' funds (subject to specified limits) should the bank fail.
A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling.


== See also ==
* [[Indirect participant in an IFTS]]
* [[Interbank Funds Transfer System]]
* [[Participant in an FTS]]


== See also ==
* [[Deposit Guarantee Scheme]]
* [[Depositor]]
* [[FDIC]]
* [[FSCS]]

Revision as of 14:19, 23 October 2012

A participant in an interbank funds transfer system (IFTS) which is responsible to the settlement agent (or to all other direct participants) for the settlement of its own payments, those of its customers, and those of the indirect participants on whose behalf it is settling.

See also