Compounding factor and Member-administered closed user group: Difference between pages

Latest revision as of 05:37, 27 June 2022

(MA-CUG).

Companies can gain direct access to SWIFT via a MA-CUG sponsored by their bank.

However, unlike SCORE, a company can only communicate with its sponsoring bank.

It has to join a MA-CUG for each bank with which it wants to communicate.

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-(CF).
+(MA-CUG).
-A number greater than one which we multiply a present value by, to work out its [[Future Value]] (FV) as:
+Companies can gain direct access to SWIFT via a MA-CUG sponsored by their bank.
+However, unlike SCORE, a company can only communicate with its sponsoring bank.
-FV = CF x present value.
+It has to join a MA-CUG for each bank with which it wants to communicate.
-The periodic Compounding Factor is calculated from the periodic yield as:
+== See also ==
+* [[Member]]
-CF = ( 1 + periodic yield ).
+* [[Payments and payment systems]]
+* [[Standardised corporate environment]]  (SCORE)
+* [[Society for Worldwide Interbank Financial Telecommunications]]  (SWIFT)
-'''Example'''
-Annual effective yield (r) = 6%.
-Number of years in the total period (n) = 2.
-Then:
-Compounding Factor = ( 1 + r )<sup>n</sup>
-= 1.06<sup>2</sup>
-= 1.1236.
+[[Category:Cash_management]]
-== See also ==
-* [[Compounding effect]]
-* [[Discount factor]]
-* [[Future value]]
-* [[Present value]]