Paperless credit transfers and Pari passu: Difference between pages

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imported>Doug Williamson
(Linked to The Treasurers Handbook - Payments and payment systems)
 
imported>Doug Williamson
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Credit transfers that do not involve the exchange of paper documents between banks.
Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.
 
Other credit transfers are referred to as being paper-based.




== See also ==
== See also ==
* [[Credit transfer]]
* [[Negative pledge]]
* [[Payments and payment systems]]
* [[Pari passu clause]]
* [[Obligation]]
* [[Seniority]]
* [[Subordination]]

Revision as of 15:55, 12 December 2016

Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.


See also