Remittance and Remote access to an IFTS: Difference between pages

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imported>Doug Williamson
(Layout.)
 
imported>Administrator
(CSV import)
 
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1.
''Funds transfer''.
 
The facility for a credit institution established in one country (home country) to become a direct participant in an interbank funds transfer system (IFTS) established in another country (host country) and, for that purpose, to have a settlement account in its own name with the central bank in the host country, without necessarily having established a branch in the host country.
Payment.
 
 
2.
 
A generic term for a payment or a receipt.
 


== See also ==
== See also ==
* [[Discharge]]
* [[Interbank Funds Transfer System]]
* [[Payment]]
* [[Receipt]]
* [[Remittance factory]]


[[Category:Cash_management]]
[[Category:Liquidity_management]]

Revision as of 14:20, 23 October 2012

Funds transfer. The facility for a credit institution established in one country (home country) to become a direct participant in an interbank funds transfer system (IFTS) established in another country (host country) and, for that purpose, to have a settlement account in its own name with the central bank in the host country, without necessarily having established a branch in the host country.

See also