Faster Payments Service and Naked: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update links and expand for Real-time Payments and SEPA.)
 
imported>Doug Williamson
(Create the page. Source: ACT qualifications material.)
 
Line 1: Line 1:
(FPS).  
A 'naked' position in a derivatives contract is one where the holder has no other related offsetting contract, asset or liability.


UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.  
The only possible profit or gain is from a favourable outturn market price.


It allows credit transfers and standing orders to be paid in near real time.  There is a maximum transaction amount.  It is operated by VocaLink 24 hours a day, 7 days a week.
Naked positions are, by definition, speculative (rather than hedging).




== See also ==
== See also ==
* [[BACS]]
* [[Arbitrage]]
* [[C&CCC]]
* [[Derivative]]
* [[Clearing House Automated Payment System]]
* [[Futures]]
* [[CPA]]
* [[Hedging]]
* [[Electronic commerce]]
* [[Option]]
* [[ERPS]]
* [[Outturn]]
* [[Faster Payments Scheme]]
* [[Speculation]]
* [[Immediate payments and the impact on corporate treasurers]]
* [[IMPS]]
* [[LVPS]]
* [[NPP]]
* [[Payments and payment systems]]
* [[PSP]]
* [[Real-time Payments]]
* [[SEPA]]
 
===Other links===
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
 
[[Category:Cash_management]]

Revision as of 10:05, 7 October 2015

A 'naked' position in a derivatives contract is one where the holder has no other related offsetting contract, asset or liability.

The only possible profit or gain is from a favourable outturn market price.

Naked positions are, by definition, speculative (rather than hedging).


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Faster_Payments_Service&oldid=33680’