Building society and SSIs: Difference between pages

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imported>Doug Williamson
(Create the page. Source: http://businesscasestudies.co.uk/building-societies-association/building-societies-and-other-types-of-organisation/benefits-of-mutual-organisations.html#axzz4FFI5Mazm)
 
imported>Doug Williamson
m (Comma added after collectively)
 
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A deposit taking and lending organisation owned mutually by its customers.
Standard Settlement Instructions.


By contrast, most banks are owned by shareholders, who would not normally or necessarily be customers of the bank.
These specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing [[mandate]].


 
[[Category:Compliance_and_audit]]
 
==See also==
*[[Bank]]
*[[Mutual]]
*[[Shareholder]]

Revision as of 22:39, 11 November 2013

Standard Settlement Instructions.

These specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing mandate.

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