Liquidate and Service level agreement: Difference between pages

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1.
(SLA).  
 
To sell the assets of a company (or other entity) in order to pay off debts, commonly involving the winding up of the entity.
 
 
2.
 
To close a market position, for example by selling an asset for cash.
 
 
3.
 
To turn any other asset - including the proceeds of crime - into cash.
 
 
:<span style="color:#4B0082">'''''Frauds made easier by technology'''''</span>
 
:"The frauds in Romania and the UK were both... made easier by technology (electronic payments can be liquidated more quickly and easily than cheques)."
 
:''The Treasurer magazine, March 2017, p39 - Lesley Meall, freelance journalist specialising in technology and finance.''


#An SLA formalises the relationship between a bank's customer and its bank, by covering the minimum standards of service expected by the customer - including key performance indicators (KPIs) - and agreed to by the bank.
#SLAs are also used between one bank and another. For example, where a bank provides services to its own customers indirectly, through a correspondent bank.
#More generally, any similar agreement between a customer and a service provider.




== See also ==
== See also ==
* [[Forced sale]]
* [[Alliance bank]]
* [[Liquid]]
* [[Correspondent banking]]
* [[Liquidation]]
* [[Key performance indicator]]
* [[Liquidity]]
* [[Report card]]
* [[Side pocket]]
* [[SLA partner banking]]
* [[Winding-up]]


[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 12:34, 5 April 2016

(SLA).

  1. An SLA formalises the relationship between a bank's customer and its bank, by covering the minimum standards of service expected by the customer - including key performance indicators (KPIs) - and agreed to by the bank.
  2. SLAs are also used between one bank and another. For example, where a bank provides services to its own customers indirectly, through a correspondent bank.
  3. More generally, any similar agreement between a customer and a service provider.


See also

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