Receiver finality: Difference between revisions
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''Funds transfer''. | ''Funds transfer''. | ||
An analytical rather than operational or legal term used to describe the point at which an unconditional obligation arises on the part of the receiving participant in a transfer system to make final funds available to its beneficiary customer on the value date. | An analytical rather than operational or legal term used to describe the point at which an unconditional obligation arises on the part of the receiving participant in a transfer system to make final funds available to its beneficiary customer on the value date. | ||
== See also == | == See also == | ||
* [[Final settlement]] | * [[Final settlement]] | ||
[[Category:Cash_management]] | |||
[[Category:Cash_management]] | |||
[[Category:Cash_management]] | |||
Latest revision as of 17:49, 9 November 2013
Funds transfer.
An analytical rather than operational or legal term used to describe the point at which an unconditional obligation arises on the part of the receiving participant in a transfer system to make final funds available to its beneficiary customer on the value date.
