Participant in an FTS: Difference between revisions

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This generic term refers to an institution which is identified by a transfer system (for example by a bank identification number) and is allowed to send payment orders directly to the system or which is directly bound by the rules governing that transfer system.
This generic term refers to an institution which is identified by a transfer system (for example by a bank identification number) and is allowed to send payment orders directly to the system or which is directly bound by the rules governing that transfer system.


== See also ==
== See also ==
* [[Direct participant in an IFTS]]
* [[Direct participant in an IFTS]]
* [[Indirect participant in an IFTS]]
* [[Indirect participant in an IFTS]]

Revision as of 11:15, 22 June 2016

A party which participates in a transfer system.

This generic term refers to an institution which is identified by a transfer system (for example by a bank identification number) and is allowed to send payment orders directly to the system or which is directly bound by the rules governing that transfer system.


See also