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imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Credit transfer''
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| 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.
| | A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail. |
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| Daylight credit may be extended by central banks to even out mismatches in the settlement of payments.
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| 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.
| | ==See also== |
| | | * [[Too Big To Fail]] |
| Also known as Daylight overdraft, Daylight credit, or Intra-day credit.
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| 2.
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| Any risk arising from timing differences between the settlement of transactions during a business day.
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| == See also == | |
| * [[Credit]] | |
| * [[Payments and payment systems]]
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| * [[Settlement]]
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| [[Category:The_business_context]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Liquidity_management]]
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Revision as of 16:54, 30 October 2013
(DGS).
A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.
See also