Sender finality: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/8/13) |
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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 initiating participant in a funds transfer system to make final payment to the receiving participant 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 initiating participant in a funds transfer system to make final payment to the receiving participant on the value date. | ||
== See also == | == See also == | ||
* [[Final settlement]] | * [[Final settlement]] | ||
Revision as of 11:41, 20 August 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 initiating participant in a funds transfer system to make final payment to the receiving participant on the value date.
