Sender finality

From ACT Wiki
Revision as of 11:41, 20 August 2013 by imported>Doug Williamson (Spacing 20/8/13)
Jump to navigationJump to search

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.


See also