Daylight exposure and Deloitte: Difference between pages

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1. ''Credit transfer''
Deloitte is the short name for Deloitte Touche Tohmatsu Ltd (DTTL), one of the 'Big 4' largest worldwide professional services organisations and auditors.


An intra-day exposure of a bank when account is in an overdraft position at any time during the business day vis-à-vis credit extended for a period of less than one business day.  
'Deloitte' is the brand under which member firms collaborate to provide services to clients. These firms are members of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee.


Daylight credit may be extended by central banks to even out mismatches in the settlement of payments.
DTTL (also known as 'Deloitte Global') does not provide services to clients.  
 
In a credit transfer system with end-of-day final settlement, daylight credit is tacitly extended by a receiving institution if it accepts and acts on a payment order, even though it will not receive final funds until the end of the business day.
 
Also known as Daylight overdraft, Daylight credit, or Intra-day credit.
 
 
2.
 
Any risk arising from timing differences between the settlement of transactions during a business day.




== See also ==
== See also ==
* [[Credit]]
*[[Big 4]]
* [[Payments and payment systems]]
*[[Brand]]
* [[Settlement]]
*[[EY]]
*[[KPMG]]
*[[PwC]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Latest revision as of 22:33, 14 March 2021

Deloitte is the short name for Deloitte Touche Tohmatsu Ltd (DTTL), one of the 'Big 4' largest worldwide professional services organisations and auditors.

'Deloitte' is the brand under which member firms collaborate to provide services to clients. These firms are members of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee.

DTTL (also known as 'Deloitte Global') does not provide services to clients.


See also

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